PMI_MEDIA_LIMITED - Accounts

PMI MEDIA LIMITED - Company Information

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Company Registration No. 05221066 (England and Wales)

PMI MEDIA LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

PMI MEDIA LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

PMI MEDIA LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

12,145

13,685

Current assets

Stocks

700

Debtors

2,636

837

Cash at bank and in hand

5,805

9,191

8,441

10,728

Creditors: amounts falling due within one year

(26,900)

(22,276)

Net current liabilities

(18,459)

(11,548)

Total assets less current liabilities

(6,314)

2,137

Capital and reserves

Called up share capital

200

Profit and loss account

(6,514)

1,937

Shareholders' funds

(6,314)

2,137

For the financial year ended 30 September 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 4 June 2015

Mr P Butterworth-Hayes

Director

Company Registration No. 05221066

PMI MEDIA LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

10 Years Straight-line

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

1.6

Going concern

The accounts show a deficiency of shareholders' funds and show current liabilities in excess of current assets. The company relies on the support of the director to continue in operation. The continuity of this support forms the basis upon which the director consider that the company constitutes a going concern. The accounts have been prepared on this basis.

PMI MEDIA LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2014

- 3 -

Fixed assets

Tangible assets

Cost

At 1 October 2013

18,904

Additions

389

At 30 September 2014

19,293

Depreciation

At 1 October 2013

5,219

Charge for the year

1,929

At 30 September 2014

7,148

Net book value

At 30 September 2014

12,145

At 30 September 2013

13,685

Share capital

2014

2013

Allotted, called up and fully paid

200 Ordinary of £1 each

200

Related party relationships and transactions

Other transactions

Mr P Butterworth-Hayes loan account was £19164 (2013: £20,493) in credit at the balance sheet date.