WFL_MEDIA_LTD - Accounts

WFL MEDIA LTD - Company Information

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Company Registration No. 07076964 (England and Wales)

WFL MEDIA LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

WFL MEDIA LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

WFL MEDIA LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

6,032

5,315

Current assets

Debtors

85,591

92,285

Cash at bank and in hand

300,568

201,954

386,159

294,239

Creditors: amounts falling due within one year

(268,013)

(108,911)

Net current assets

118,146

185,328

Total assets less current liabilities

124,178

190,643

Capital and reserves

Called up share capital

2,270

Share premium account

529,210

Profit and loss account

(407,302)

(340,837)

Shareholders' funds

124,178

190,643

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 25 August 2015

N J Telson

A P Webster

Director

Company Registration No. 07076964

WFL MEDIA LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 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).

The financial statements have been prepared on a going concern basis which assumes that the company will continue to trade. The validity of this assumption is dependent upon the continued support of the company's directors who have indicated that they intend to provide necessary facilities to enable the company to continue to trade for the foreseeable future.

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 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

3 years straight line

Fixtures, fittings & equipment

25% reducing balance

Fixed assets

Tangible assets

Cost

At 1 April 2014

33,956

Additions

5,587

At 31 March 2015

39,543

Depreciation

At 1 April 2014

28,639

Charge for the year

4,872

At 31 March 2015

33,511

Net book value

At 31 March 2015

6,032

At 31 March 2014

5,315

WFL MEDIA LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

2,270 Ordinary shares of £1 each

2,270