Old Town Publishing Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 07678409 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2015

for

Old Town Publishing Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Ms L V Drewett

REGISTERED OFFICE:

56 Basils Road

Stevenage

Hertfordshire

SG1 3PX

REGISTERED NUMBER:

07678409 (England and Wales)

ACCOUNTANTS:

Re:Accounts Limited

12 Stanmore Road

Stevenage

Hertfordshire

SG1 3QF

FIXED ASSETS

Tangible assets

2

530

968

CURRENT ASSETS

Debtors

1,039

931

Cash at bank

841

2,803

1,880

3,734

CREDITORS

Amounts falling due within one year

16,621

5,249

NET CURRENT LIABILITIES

(14,741

)

(1,515

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(14,211

)

(547

)

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

(14,311

)

(647

)

SHAREHOLDERS' FUNDS

(14,211

)

(547

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 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 have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 27 January 2016 and were signed by:

Ms L V Drewett - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

At the year end, the balance sheet shows that the company has negative reserves. The director is funding the

company and confirms that she will continue to do so until the company becomes profitable. The director

believes that the company will soon be profitable and thus the accounts have been prepared on a going concern

basis. Should the director withdraw her loan the company may have insufficient reserves to continue and thus the

company may cease to be a going concern.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents amounts receivable from sales of advertising space in the Stevenage Magazine

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on cost

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

and 30 June 2015

1,759

DEPRECIATION

At 1 July 2014

791

Charge for year

438

At 30 June 2015

1,229

NET BOOK VALUE

At 30 June 2015

530

At 30 June 2014

968

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.15

30.6.14

value:

£

£

50

A Ordinary

£1

50

50

50

B Ordinary

£1

50

50

100

100