Abbreviated Company Accounts - FREEWHEELIN' MEDIA LIMITED

FREEWHEELIN' MEDIA LIMITED - Company Information

04012896 FREEWHEELIN' MEDIA LIMITED 2014-12-31 false 2013-07-01 2014-12-31 true 04012896 2013-07-01 2014-12-31 04012896 2014-12-31 04012896 2013-06-30 04012896 uk-gaap-cd-bus:Director1 2013-07-01 2014-12-31 04012896 uk-gaap-cd-bus:Director2 2013-07-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-07-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-30 iso4217:GBP shares

Registered Number 04012896

FREEWHEELIN' MEDIA LIMITED

Abbreviated Accounts

31 December 2014

FREEWHEELIN' MEDIA LIMITED Registered Number 04012896

Abbreviated Balance Sheet as at 31 December 2014

	Notes	31/12/2014	30/06/2013
		£	£
Fixed assets
Tangible assets	2	2,599	2,660
		2,599	2,660
Current assets
Debtors		21,348	12,073
Cash at bank and in hand		324	842
		21,672	12,915
Creditors: amounts falling due within one year		(56,256)	(62,669)
Net current assets (liabilities)		(34,584)	(49,754)
Total assets less current liabilities		(31,985)	(47,094)
Total net assets (liabilities)		(31,985)	(47,094)
Capital and reserves
Called up share capital	3	1,000	1,000
Profit and loss account		(32,985)	(48,094)
Shareholders' funds		(31,985)	(47,094)

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.

Approved by the Board on 24 September 2015

And signed on their behalf by:
V Malik, Director

FREEWHEELIN' MEDIA LIMITED Registered Number 04012896

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows:

Short leasehold property - 2% straight line
Plant and machinery - 15% straight line
Fixtures, fittings and equipment - 25% straight line

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

2Tangible fixed assets

	£
Cost
At 1 July 2013	41,216
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	41,216
Depreciation
At 1 July 2013	38,556
Charge for the year	61
On disposals	-
At 31 December 2014	38,617
Net book values
At 31 December 2014	2,599
At 30 June 2013	2,660

3Called Up Share Capital
Allotted, called up and fully paid:

	31/12/2014 £	30/06/2013 £
1,000 Ordinary shares of £1 each	1,000	1,000