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Registered number: 6786728
OPUS BUSINESS MEDIA LIMITED
UNAUDITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2015
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OPUS BUSINESS MEDIA LIMITED
REGISTERED NUMBER: 6786728
ABBREVIATED BALANCE SHEET
AS AT 30 JUNE 2015
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CREDITORS: amounts falling due within one year
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TOTAL ASSETS LESS CURRENT LIABILITIES
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CREDITORS: amounts falling due after more than one year
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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 30 June 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.
Page 1
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OPUS BUSINESS MEDIA LIMITED
ABBREVIATED BALANCE SHEET (continued)
AS AT 30 JUNE 2015
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 by:
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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OPUS BUSINESS MEDIA LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 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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Tangible fixed assets and depreciation
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Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
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Rentals under operating leases are charged to the Profit and loss account on a straight line basis over the lease term.
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Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date.
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.
Exchange gains and losses are recognised in the Profit and loss account.
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Page 3
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OPUS BUSINESS MEDIA LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2015
2.TANGIBLE FIXED ASSETS
3.DEBTORS
Included within other debtors due within one year is a loan to Mark Hanson, a director, amounting to £0, (2014 - £46,000). Amounts repaid during the year totalled £49,000.
4.CREDITORS:
Amounts falling due within one year
The bank loan of £5,100 due within one year is secured by a fixed and floating charge over the assets of the company by Royal Bank of Scotland PLC.
5.CREDITORS:
Amounts falling due after more than one year
The bank loan of £9,150 due over one year is secured by a fixed and floating charge over the assets of the company by Royal Bank of Scotland PLC.
Page 4
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OPUS BUSINESS MEDIA LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2015
6.SHARE CAPITAL
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Authorised, allotted, called up and fully paid
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85 Ordinary shares of £1 each
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5 A Ordinary shares of £1 each
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5 B Ordinary shares of £1 each
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5 C Ordinary shares of £1 each
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Page 5
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