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THE ARTS DESK LIMITED
REGISTERED NUMBER: 06828066
ABBREVIATED BALANCE SHEET
AS AT 31 MARCH 2015
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CREDITORS: amounts falling due within one year
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NET CURRENT ASSETS/(LIABILITIES)
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TOTAL ASSETS LESS CURRENT LIABILITIES
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The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 March 2015 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
The abbreviated accounts, which have been prepared in accordance with the provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 22 December 2015.
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Kevin Gerrard Madden
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The notes on pages 2 to 3 form part of these financial statements.
Page 1
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THE ARTS DESK LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
1.ACCOUNTING POLICIES
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Basis of preparation of financial statements
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The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.
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Intangible fixed assets and amortisation
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Website Development costs have been amortised at 20% per annum straight line over 5 years.
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2.INTANGIBLE FIXED ASSETS
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At 1 April 2014 and 31 March 2015
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3.SHARE CAPITAL
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Allotted, called up and fully paid
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169,750 Ordinary 'A' shares shares of £0.01 each
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243,504 Ordinary 'B' shares shares of £0.01 each
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416,735 Ordinary 'C ' shares shares of £0.01 each
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Page 2
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THE ARTS DESK LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
4.RELATED PARTY TRANSACTIONS
Shares held by directors at 31 March 2015 were as below:
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Jasper Charles Bertram Rees
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During the year Kevin Madden, a director, incurred costs on behalf of the company totalling £11,872 (2014 - £6,307). At the balance sheet date an amount of £8,089 (2014 - £10,060) was owed.
Page 3
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