Abbreviated Company Accounts - AVIATION MEDIA LIMITED

AVIATION MEDIA LIMITED - Company Information

07777516 AVIATION MEDIA LIMITED 2015-09-30 false 2014-10-01 2015-09-30 true 07777516 2014-10-01 2015-09-30 07777516 2015-09-30 07777516 2014-09-30 07777516 uk-gaap-cd-bus:Director1 2014-10-01 2015-09-30 07777516 uk-gaap-cd-bus:Director2 2014-10-01 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-01 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-30 iso4217:GBP shares

Registered Number 07777516

AVIATION MEDIA LIMITED

Abbreviated Accounts

30 September 2015

AVIATION MEDIA LIMITED Registered Number 07777516

Abbreviated Balance Sheet as at 30 September 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	112,612	-
Tangible assets	3	23,896	-
		136,508	-
Current assets
Stocks		104,500	-
Debtors		108,699	-
Cash at bank and in hand		72,206	1
		285,405	1
Creditors: amounts falling due within one year		(348,862)	-
Net current assets (liabilities)		(63,457)	1
Total assets less current liabilities		73,051	1
Creditors: amounts falling due after more than one year		(68,500)	-
Provisions for liabilities		(957)	-
Total net assets (liabilities)		3,594	1
Capital and reserves
Called up share capital	4	100	1
Profit and loss account		3,494	-
Shareholders' funds		3,594	1

For the year ending 30 September 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 21 December 2015

And signed on their behalf by:
J M Lee, Director

AVIATION MEDIA LIMITED Registered Number 07777516

Notes to the Abbreviated Accounts for the period ended 30 September 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
Revenue described as turnover in the financial statements is the value of goods and services net of VAT provided to customers during the
year.

Tangible assets depreciation policy
The cost of tangible fixed assets include expenditure directly incurred in bringing the assets into working condition for their intended use. Depreciation is provided at the following annual rates in order to allocate the depreciable amount of each asset over its estimated useful life.

Office equipment, furniture and fittings : At rates between 10% and 25% straight line
Website : 33.33% straight line

Intangible assets amortisation policy
Intangible assets are stated at cost. Amortisation is provided at the following rate in order to allocate the amount of each asset subject to amortisation over their estimated useful life.

Goodwill : 10% straight line

2Intangible fixed assets

	£
Cost
At 1 October 2014	-
Additions	118,539
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2015	118,539
Amortisation
At 1 October 2014	-
Charge for the year	5,927
On disposals	-
At 30 September 2015	5,927
Net book values
At 30 September 2015	112,612
At 30 September 2014	-

3Tangible fixed assets

	£
Cost
At 1 October 2014	-
Additions	27,048
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2015	27,048
Depreciation
At 1 October 2014	-
Charge for the year	3,152
On disposals	-
At 30 September 2015	3,152
Net book values
At 30 September 2015	23,896
At 30 September 2014	-

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

	2015 £	2014 £
100 Ordinary shares of £1 each (1 shares for 2014)	100	1

99 Ordinary shares were issued at par during the year