Abbreviated Company Accounts - BRIGHT SEA MEDIA LTD

BRIGHT SEA MEDIA LTD - Company Information

07643940 BRIGHT SEA MEDIA LTD 2015-05-31 false 2014-06-01 2015-05-31 true 07643940 2014-06-01 2015-05-31 07643940 2015-05-31 07643940 2014-05-31 07643940 uk-gaap-cd-bus:Director1 2014-06-01 2015-05-31 07643940 uk-gaap-cd-bus:Director2 2014-06-01 2015-05-31 uk-gaap-cd-bus:Director3 2014-06-01 2015-05-31 uk-gaap-cd-bus:Director3 2015-05-31 uk-gaap-cd-bus:Director3 2014-05-31 iso4217:GBP shares

Registered Number 07643940

BRIGHT SEA MEDIA LTD

Abbreviated Accounts

31 May 2015

BRIGHT SEA MEDIA LTD Registered Number 07643940

Abbreviated Balance Sheet as at 31 May 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	1,834	2,834
Tangible assets	3	1,245	298
		3,079	3,132
Current assets
Debtors		3,743	7,845
Cash at bank and in hand		1,607	976
		5,350	8,821
Creditors: amounts falling due within one year		(2,372)	(3,137)
Net current assets (liabilities)		2,978	5,684
Total assets less current liabilities		6,057	8,816
Total net assets (liabilities)		6,057	8,816
Capital and reserves
Called up share capital		1	1
Profit and loss account		6,056	8,815
Shareholders' funds		6,057	8,816

For the year ending 31 May 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 26 February 2016

And signed on their behalf by:
Mrs E Wilkinson, Director

BRIGHT SEA MEDIA LTD Registered Number 07643940

Notes to the Abbreviated Accounts for the period ended 31 May 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 the total invoice value of fees receivable during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Office equipment - 50% reducing balance

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful life of 5 years.

2Intangible fixed assets

	£
Cost
At 1 June 2014	5,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2015	5,000
Amortisation
At 1 June 2014	2,166
Charge for the year	1,000
On disposals	-
At 31 May 2015	3,166
Net book values
At 31 May 2015	1,834
At 31 May 2014	2,834

3Tangible fixed assets

	£
Cost
At 1 June 2014	1,300
Additions	1,422
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2015	2,722
Depreciation
At 1 June 2014	1,002
Charge for the year	475
On disposals	-
At 31 May 2015	1,477
Net book values
At 31 May 2015	1,245
At 31 May 2014	298

4Transactions with directors

Name of director receiving advance or credit:	Mrs E Wilkinson
Description of the transaction:	The director had interest free loans during the year.
Balance at 1 June 2014:	£ 5,296
Advances or credits made:	-
Advances or credits repaid:	£ 5,165
Balance at 31 May 2015:	£ 131