Abbreviated Company Accounts - AUGUST MEDIA LIMITED

AUGUST MEDIA LIMITED - Company Information

05469908 AUGUST MEDIA LIMITED 2015-07-31 false 2014-08-01 2015-07-31 true 05469908 2014-08-01 2015-07-31 05469908 2015-07-31 05469908 2014-07-31 05469908 uk-gaap-cd-bus:Director1 2014-08-01 2015-07-31 05469908 uk-gaap-cd-bus:Director2 2014-08-01 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-01 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-31 iso4217:GBP shares

Registered Number 05469908

AUGUST MEDIA LIMITED

Abbreviated Accounts

31 July 2015

AUGUST MEDIA LIMITED Registered Number 05469908

Abbreviated Balance Sheet as at 31 July 2015

	Notes	2015	2014
		£	£
Called up share capital not paid		-	-
Fixed assets
Tangible assets	2	71,491	128,156
Investments	3	2	2
		71,493	128,158
Current assets
Stocks		135,133	270,662
Debtors		759,137	1,187,786
Cash at bank and in hand		1,576,247	802,868
		2,470,517	2,261,316
Creditors: amounts falling due within one year		(1,238,237)	(1,857,020)
Net current assets (liabilities)		1,232,280	404,296
Total assets less current liabilities		1,303,773	532,454
Creditors: amounts falling due after more than one year		-	(9,433)
Total net assets (liabilities)		1,303,773	523,021
Capital and reserves
Called up share capital	4	2,160	2,160
Share premium account		8,640	8,640
Profit and loss account		1,292,973	512,221
Shareholders' funds		1,303,773	523,021

For the year ending 31 July 2015 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 28 September 2015

And signed on their behalf by:
S A Hunter, Director

AUGUST MEDIA LIMITED Registered Number 05469908

Notes to the Abbreviated Accounts for the period ended 31 July 2015

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 is recognised on the delivery of product to the contracting party.

Tangible assets depreciation policy
Tangible fixed assets are shown at cost less depreciation and any provision for impairment.

Depreciation is calculated so as to write off the cost of all tangible fixed assets, less their estimated residual values, on a straight line basis over the expected useful economic lives of the asset concerned, which are:
Leasehold improvements Over the remaining period of the lease
Computer hardware 4 years
Computer software 4 years
Office equipment 4 years

2Tangible fixed assets

	£
Cost
At 1 August 2014	558,577
Additions	6,917
Disposals	(12,726)
Revaluations	-
Transfers	-
At 31 July 2015	552,768
Depreciation
At 1 August 2014	430,421
Charge for the year	59,743
On disposals	(8,887)
At 31 July 2015	481,277
Net book values
At 31 July 2015	71,491
At 31 July 2014	128,156

3Fixed assets Investments
The only subsidiary of the Company is August Digital Media Limited, a company incorporated in England. The subsidiary is 100% owned by the Company and did not trade in the year ended 31 July 2015 following the hive up of the trade and assets and liabilities to the Company on 30 July 2014. In the year ended 31 July 2014 the subsidiary made a profit before tax of £234,875.

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

	2015 £	2014 £
2,160 Ordinary shares of £1 each	2,160	2,160