Multichannel TV Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05854654

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2015

FOR

MULTICHANNEL TV LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

J Mason

SECRETARY:

J Mason

REGISTERED OFFICE:

5 Beaumont Gate

Shenley Hill

Radlett

Hertfordshire

WD7 7AR

REGISTERED NUMBER:

05854654

ACCOUNTANTS:

Nagler Simmons

Chartered Accountants

5 Beaumont Gate

Shenley Hill

Radlett

Hertfordshire

WD7 7AR

FIXED ASSETS

Tangible assets

2

12,992

13,260

CURRENT ASSETS

Debtors

50,638

60,145

Cash at bank

46,820

15,322

97,458

75,467

CREDITORS

Amounts falling due within one year

93,461

104,511

NET CURRENT ASSETS/(LIABILITIES)

3,997

(29,044

)

TOTAL ASSETS LESS CURRENT LIABILITIES

16,989

(15,784

)

PROVISIONS FOR LIABILITIES

2,266

2,266

NET ASSETS/(LIABILITIES)

14,723

(18,050

)

CAPITAL AND RESERVES

Called up share capital

3

950

950

Capital redemption reserve

50

50

Profit and loss account

13,723

(19,050

)

SHAREHOLDERS' FUNDS

14,723

(18,050

)

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

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

The director acknowledges his 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 director on 23 July 2015 and were signed by:

J Mason - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, 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.

Office equipment

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Deferred tax

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

sheet date.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

40,341

Additions

3,028

At 31 May 2015

43,369

DEPRECIATION

At 1 June 2014

27,081

Charge for year

3,296

At 31 May 2015

30,377

NET BOOK VALUE

At 31 May 2015

12,992

At 31 May 2014

13,260

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.15

31.5.14

value:

£

£

1,000

Ordinary

£1

950

950