| MEDIA STOREHOUSE LIMITED |
| Registered number: |
04518619 |
| Abbreviated Balance Sheet |
| as at 30 September 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
2,854 |
|
|
2,682 |
|
| Current assets |
| Debtors |
|
|
57,758 |
|
|
40,211 |
| Cash at bank and in hand |
|
|
87,285 |
|
|
158,907 |
|
|
|
145,043 |
|
|
199,118 |
|
| Creditors: amounts falling due within one year |
|
|
(131,419) |
|
|
(172,596) |
|
| Net current assets |
|
|
|
13,624 |
|
|
26,522 |
|
| Net assets |
|
|
|
16,478 |
|
|
29,204 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
16,476 |
|
|
29,202 |
|
| Shareholders' funds |
|
|
|
16,478 |
|
|
29,204 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| H M Hamer |
| Director |
| Approved by the board on 30 July 2015 |
|
| MEDIA STOREHOUSE LIMITED |
| Notes to the Abbreviated Accounts |
| for the year ended 30 September 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
20% straight line |
|
Motor vehicles |
25% straight line |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
Foreign currencies |
|
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 October 2013 |
10,276 |
|
Additions |
995 |
|
At 30 September 2014 |
11,271 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 October 2013 |
7,594 |
|
At 30 September 2014 |
8,417 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2014 |
2,854 |
|
At 30 September 2013 |
2,682 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
- |
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Ultimate controlling party |
|
|
During the year to 30 September 2014 the company was controlled by H M Hamer who,with family interests, owned 100% of the issued shares of the company. |
|
| 5 |
Transactions with directors |
|
|
Included in other debtors at the balance sheet date is an amount of £22000,(2013 £22000), |
|
in respect of a loan to H M Hamer,a director of the company.The maximum |
|
amount due from the director during the year in respect of this loan was £222000.No |
|
interest has been charged on this loan by the company to the director,although the benefit |
|
accruing to the director has been reported to the relevant taxation authorities. |
|
|
In addition to the above,other debtors also includes £5500,(2013 £5500) in respect of S419 |
|
tax already paid on this balance. |
|
|
As well as the above,other debtors also included a temporary loan to H M Hamer of £13511. |
|
This loan was repaid after the year end. |
