HPCI MEDIA LIMITED Accounts filed on 31-12-2014

HPCI MEDIA LIMITED - Company Information

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HPCI MEDIA LIMITED

Company Registration Number:
06716035 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01st January 2014

End date: 31st December 2014

SUBMITTED

Company Information
for the Period Ended 31st December 2014

Director:		Michael Harrington
		Colin Bailey-Wood
		Steve Maller






Registered office:		Natraj Building 55 Bermondsey Street


		London

		SE1 3XG
		GB-ENG



Company Registration Number:		06716035 (England and Wales)

Abbreviated Balance sheet
As at 31st December 2014

	Notes	2014 £	2013 £
Fixed assets
Intangible assets:	3	41,250	117,303
Tangible assets:	4	30,358	40,181
Total fixed assets:		71,608	157,484
Current assets
Stocks:		0	0
Debtors:		248,822	269,352
Cash at bank and in hand:		464,328	420,376
Total current assets:		713,150	689,728
Creditors
Creditors: amounts falling due within one year		196,084	372,280
Net current assets (liabilities):		517,066	317,448
Total assets less current liabilities:		588,674	474,932
Creditors: amounts falling due after more than one year:		98,610	152,610
Provision for liabilities:		150,571	62,539
Total net assets (liabilities):		339,493	259,783

The notes form part of these financial statements

Abbreviated Balance sheet
As at 31st December 2014
continued

	Notes	2014 £	2013 £
Capital and reserves
Called up share capital:	5	156,000	156,000
Profit and Loss account:		183,493	103,783
Total shareholders funds:		339,493	259,783

For the year ending 31 December 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 01 April 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: Michael Harrington
Status: Director

The notes form part of these financial statements

Notes to the Abbreviated Accounts
for the Period Ended 31st December 2014

1. Accounting policies

Basis of measurement and preparation of accounts

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 policy

The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT

Tangible fixed assets depreciation policy

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings are depreciated over the life of the lease (5yrs). Office equipment including computers- 25% straight line

Intangible fixed assets amortisation policy

Intangible fixed assets (including purchased goodwill ) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Valuation information and policy

Stocks and work -in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure.

Notes to the Abbreviated Accounts
for the Period Ended 31st December 2014

3. Intangible assets

	Total
Cost	£
At 01st January 2014:	642,326
	642,326

Amortisation	£
At 01st January 2014:	525,023
Provided during the period:	76,053
At 31st December 2014:	601,076

Net book value	£
At 31st December 2014:	41,250
At 31st December 2013:	117,303

Notes to the Abbreviated Accounts
for the Period Ended 31st December 2014

4. Tangible assets

	Total
Cost	£
At 01st January 2014:	92,464
Additions:	6,744
At 31st December 2014:	99,208
Depreciation
At 01st January 2014:	52,283
Charge for year:	16,567
At 31st December 2014:	68,850
Net book value
At 31st December 2014:	30,358
At 31st December 2013:	40,181

Notes to the Abbreviated Accounts
for the Period Ended 31st December 2014

5. Called up share capital

Allotted, called up and paid

Previous period			2013
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	2,000	1.00 1.00	2,000
Preference shares:	154,000	1.00 1.00	154,000
Total share capital:			156,000

Current period			2014
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	2,000	1.00 1.00	2,000
Preference shares:	154,000	1.00 1.00	154,000
Total share capital:			156,000

HPCI MEDIA LIMITED Accounts filed on 31-12-2014