Abbreviated Company Accounts - OUTDOOR MEDIA MANAGEMENT LIMITED

OUTDOOR MEDIA MANAGEMENT LIMITED - Company Information

Registered Number 07877842

OUTDOOR MEDIA MANAGEMENT LIMITED

Abbreviated Accounts

31 March 2015

OUTDOOR MEDIA MANAGEMENT LIMITED Registered Number 07877842

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	700,000	800,000
Tangible assets	3	41,244	2,444
		741,244	802,444
Current assets
Debtors		108,978	21,647
Cash at bank and in hand		2,510	7,890
		111,488	29,537
Creditors: amounts falling due within one year		(328,708)	(349,620)
Net current assets (liabilities)		(217,220)	(320,083)
Total assets less current liabilities		524,024	482,361
Creditors: amounts falling due after more than one year		(368,848)	(358,183)
Provisions for liabilities		(8,249)	-
Total net assets (liabilities)		146,927	124,178
Capital and reserves
Called up share capital		100	100
Profit and loss account		146,827	124,078
Shareholders' funds		146,927	124,178

For the year ending 31 March 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 31 December 2015

And signed on their behalf by:
T Thomas, Director

OUTDOOR MEDIA MANAGEMENT LIMITED Registered Number 07877842

Notes to the Abbreviated Accounts for the period ended 31 March 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 represents net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its
estimated useful life. Plant and machinery etc - 33% on cost and at varying rates on cost.

Intangible assets amortisation policy
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is
being amortised evenly over its estimated useful life of ten years.

Other accounting policies
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2Intangible fixed assets

	£
Cost
At 1 April 2014	1,000,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	1,000,000
Amortisation
At 1 April 2014	200,000
Charge for the year	100,000
On disposals	-
At 31 March 2015	300,000
Net book values
At 31 March 2015	700,000
At 31 March 2014	800,000

3Tangible fixed assets

	£
Cost
At 1 April 2014	4,541
Additions	42,529
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	47,070
Depreciation
At 1 April 2014	2,097
Charge for the year	3,729
On disposals	-
At 31 March 2015	5,826
Net book values
At 31 March 2015	41,244
At 31 March 2014	2,444