New Media Business Group Limited - Period Ending 2015-03-31

Registration number: 07261459

New Media Business Group Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

Caseron Cloud Accounting Limited
7 Swallow Drive
Stowmarket
Suffolk
IP14 5BY

New Media Business Group Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

New Media Business Group Limited
(Registration number: 07261459)
Abbreviated Balance Sheet at 31 March 2015

		Note			2015 £
Fixed assets
Tangible fixed assets					29,853
Current assets
Debtors					64,939
Creditors: Amounts falling due within one year					(263,707)
Net current liabilities					(198,768)
Net liabilities					(168,915)
Capital and reserves
Called up share capital		3			100
Profit and loss account					(169,015)
Shareholders' deficit					(168,915)

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 director acknowledges his 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 director on 25 January 2016

.........................................
Mr T Meadows-Smith
Director

The notes on page 2 form an integral part of these financial statements.
Page 1

New Media Business Group Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

1	Accounting policies

Basis of preparation

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).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	25% reducing balance
Computer equipment	25% reducing balance

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		35,029			35,029
At 31 March 2015		35,029			35,029
Depreciation
Charge for the year		5,176			5,176
At 31 March 2015		5,176			5,176
Net book value
At 31 March 2015		29,853			29,853

3	Share capital

Allotted, called up and fully paid shares

	2015
		No.			£
Ordinary shares of £1 each		100			100

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