Abbreviated Company Accounts - DISCIPLE MEDIA LIMITED

DISCIPLE MEDIA LIMITED - Company Information

08075740 DISCIPLE MEDIA LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 08075740 2014-01-01 2014-12-31 08075740 2014-12-31 08075740 2013-12-31 08075740 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 08075740 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 08075740

DISCIPLE MEDIA LIMITED

Abbreviated Accounts

31 December 2014

DISCIPLE MEDIA LIMITED Registered Number 08075740

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	528,622	161,209
Tangible assets	3	14,503	-
		543,125	161,209
Current assets
Debtors		55,483	13,657
Cash at bank and in hand		3,586,560	1,307,472
		3,642,043	1,321,129
Creditors: amounts falling due within one year		(178,914)	(39,600)
Net current assets (liabilities)		3,463,129	1,281,529
Total assets less current liabilities		4,006,254	1,442,738
Total net assets (liabilities)		4,006,254	1,442,738
Capital and reserves
Called up share capital	4	206	172
Share premium account		5,418,509	1,574,930
Profit and loss account		(1,412,461)	(132,364)
Shareholders' funds		4,006,254	1,442,738

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 30 September 2015

And signed on their behalf by:
J Smith, Director

DISCIPLE MEDIA LIMITED Registered Number 08075740

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

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared in compliance with United Kingdom Accounting Standards, including Financial Reporting Standard 102, “The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland” (“FRS 102”) and the Companies Act 2006.

Tangible assets depreciation policy
Tangible assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs.

Depreciation is calculated, using the straight line method, to allocate the depreciable amount to the residual values over their estimated useful lives, as follows:

Fixtures, fitting and equipment – over 3 years

Intangible assets amortisation policy
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. Amortisation is calculated, using the straight-line method, to allocate the depreciable amount of the assets to their residual values over their estimated useful lives, as follows:

Software – 3 years

Amortisation is charged to ‘Administrative expenses’ in the profit and loss account.

Where factors, such as technological advancement or changes in market price, indicate that residual value or useful life have changed, the residual value, useful life or amortisation rate are amended prospectively to reflect the new circumstances.

The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired.

2Intangible fixed assets

	£
Cost
At 1 January 2014	161,209
Additions	397,500
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	558,709
Amortisation
At 1 January 2014	0
Charge for the year	30,087
On disposals	-
At 31 December 2014	30,087
Net book values
At 31 December 2014	528,622
At 31 December 2013	161,209

3Tangible fixed assets

	£
Cost
At 1 January 2014	0
Additions	18,182
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	18,182
Depreciation
At 1 January 2014	-
Charge for the year	3,679
On disposals	-
At 31 December 2014	3,679
Net book values
At 31 December 2014	14,503
At 31 December 2013	0

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
20,552 A Ordinary shares of £0.01 each (17,239 shares for 2013)	206	172

As part of the Company’s third round of funding the consideration for 3,313 Ordinary Shares was received before 31 December 2014, but the share certificates were not issued until the round fully closed on 20th January 2015. However, as the Company believes that the shareholders were legally entitled to the shares at 31 December 2014, they have been credited to share capital and the share premium reserve.

There is a single class of ordinary shares. There are no restrictions on the distribution of dividends and the repayment of capital.