LOGAN_URBAN_MEDIA_LIMITED - Accounts

LOGAN URBAN MEDIA LIMITED - Company Information

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Company Registration No. SC418224 (Scotland)

LOGAN URBAN MEDIA LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2015

LOGAN URBAN MEDIA LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

LOGAN URBAN MEDIA LIMITED

ABBREVIATED BALANCE SHEET

AS AT

28 FEBRUARY 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

36,684

25,000

Current assets

Debtors

59,212

Cash at bank and in hand

18,569

77,781

Creditors: amounts falling due within one year

(51,743)

(27,205)

Net current assets/(liabilities)

26,038

(27,205)

Total assets less current liabilities

62,722

(2,205)

Capital and reserves

Called up share capital

Profit and loss account

62,720

(2,207)

Shareholders' funds

62,722

(2,205)

For the financial year ended 28 February 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges her 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 15 July 2015

Victoria Logan

Director

Company Registration No. SC418224

LOGAN URBAN MEDIA LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 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).

These accounts have been prepared on the going concern basis, on the understanding that the director and shareholder will continue to financially support the company during this uncertain period.

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 goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land 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:

Land and buildings Freehold

No depreciation charge

Fixed assets

Tangible assets

Cost

At 1 March 2014

25,000

Additions

11,684

At 28 February 2015

36,684

At 28 February 2014

25,000

Share capital

2015

2014

Allotted, called up and fully paid

2 Ordinary share of £1 each