Media Edge UK Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08737915 (England and Wales)

Media Edge UK Limited

Abbreviated Unaudited Accounts

for the Period 17 October 2013 to 31 January 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

H G Lambi

Mrs C A Lambi

J Murray

Mrs S J Murray

REGISTERED OFFICE:

4 King Square

Bridgwater

Somerset

TA6 3YF

REGISTERED NUMBER:

08737915 (England and Wales)

ACCOUNTANTS:

Maxwells

Chartered Accountants

4 King Square

Bridgwater

Somerset

TA6 3YF

BANKERS:

The Co-operative Bank PLC

Central Commercial Branch

PO Box 250

Skelmerdale

WN8 6WT

FIXED ASSETS

Intangible assets

2

20,000

Tangible assets

3

7,695

27,695

CURRENT ASSETS

Stocks

1,012

Debtors

24,455

Cash at bank

17,954

43,421

CREDITORS

Amounts falling due within one year

56,119

NET CURRENT LIABILITIES

(12,698

)

TOTAL ASSETS LESS CURRENT LIABILITIES

14,997

PROVISIONS FOR LIABILITIES

850

NET ASSETS

14,147

CAPITAL AND RESERVES

Called up share capital

4

4

Profit and loss account

14,143

SHAREHOLDERS' FUNDS

14,147

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 15 May 2015 and were signed on its behalf by:

J Murray - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention.

Financial reporting standard number 1

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

25,000

At 31 January 2015

25,000

AMORTISATION

Amortisation for period

5,000

At 31 January 2015

5,000

NET BOOK VALUE

At 31 January 2015

20,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

10,586

At 31 January 2015

10,586

DEPRECIATION

Charge for period

2,891

At 31 January 2015

2,891

NET BOOK VALUE

At 31 January 2015

7,695

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

'A' Ordinary

£1

1

1

'B' Ordinary

£1

1

1

'C' Ordinary

£1

1

1

'D' Ordinary

£1

1

4

The following shares were issued during the period for cash at par :

1 'A' Ordinary share of £1

1 'B' Ordinary share of £1

1 'C' Ordinary share of £1

1 'D' Ordinary share of £1

All classes of share rank pari passu expect that each class may receive a differing levels of dividends.