Perspec TV Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03819017 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST AUGUST 2014

FOR

PERSPEC TV LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S A J Russell

Mrs J E Russell

SECRETARY:

Mrs J E Russell

REGISTERED OFFICE:

Cornelius House

178-180 Church Road

Hove

East Sussex

BN3 2DJ

REGISTERED NUMBER:

03819017 (England and Wales)

ACCOUNTANTS:

Parkers

Cornelius House

178-180 Church Road

Hove

East Sussex

BN3 2DJ

FIXED ASSETS

Tangible assets

2

23,579

24,075

CURRENT ASSETS

Debtors

1,853

2,531

Cash at bank

5,761

3,928

7,614

6,459

CREDITORS

Amounts falling due within one year

3,477

2,689

NET CURRENT ASSETS

4,137

3,770

TOTAL ASSETS LESS CURRENT LIABILITIES

27,716

27,845

CREDITORS

Amounts falling due after more than one year

665

-

NET ASSETS

27,051

27,845

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

27,049

27,843

SHAREHOLDERS' FUNDS

27,051

27,845

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2014 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 22nd May 2015 and were signed on its behalf by:

S A J Russell - 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 services, excluding value added tax.

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

Computer equipment

-

33% on cost

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st September 2013

213,885

Additions

5,992

At 31st August 2014

219,877

DEPRECIATION

At 1st September 2013

189,810

Charge for year

6,488

At 31st August 2014

196,298

NET BOOK VALUE

At 31st August 2014

23,579

At 31st August 2013

24,075

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

2