Accounts filed on 30-06-2015

Accounts filed on 30-06-2015

MICRO-HAMMER MULTIMEDIA LIMITED - Company Information

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MICRO-HAMMER MULTIMEDIA LIMITED

Company Registration Number:
03082168 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 July 2014

End date: 30 June 2015

MICRO-HAMMER MULTIMEDIA LIMITED

Abbreviated Balance sheet

As at 30 June 2015


Notes
2015
£
2014
£
Fixed assets
Tangible assets: 2 345,215 340,063
Total fixed assets: 345,215 340,063
Current assets
Stocks: 5,672 5,672
Debtors: 3 47,590 10,961
Total current assets: 53,262 16,633
Creditors: amounts falling due within one year: 4 ( 132,886 ) ( 90,992 )
Net current assets (liabilities): ( 79,624 ) ( 74,359 )
Total assets less current liabilities: 265,591 265,704
Total net assets (liabilities): 265,591 265,704

The notes form part of these financial statements

MICRO-HAMMER MULTIMEDIA LIMITED

Balance sheet continued

As at 30 June 2015


Notes
2015
£
2014
£
Capital and reserves
Called up share capital: 5 100 100
Profit and loss account: 265,491 265,604
Shareholders funds: 265,591 265,704

For the year ending 30 June 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 25 March 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: Mrs. C L Phipps
Status: Director

The notes form part of these financial statements

MICRO-HAMMER MULTIMEDIA LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 June 2015

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    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).

    Turnover policy

    Turnover comprises revenue recognised by the company in respect of goods and services supplied exclusive of Value Added Tax.

    Tangible fixed assets depreciation policy

    Depreciation is provided at rates calculated to write off the cost of assets less their estimated residual value, over their expected useful lives.

    Valuation information and policy

    Stock is valued at the lower of its cost or net realisable value.
    Work in progress is valued by reference to the cost of work completed by the Balance Sheet date. Cost includes direct costs and an appropriate proportion of fixed overheads.

    Other accounting policies

    Current and deferred taxation:
    The tax expense for the year comprises current and deferred tax and is charged as an expense in the Profit and Loss account.
    The current income tax and deferred tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
    Deferred balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except, the recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against reversing deferred liabilities or future taxable profits.

MICRO-HAMMER MULTIMEDIA LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 June 2015

  • 2. Tangible assets

    Total
    Cost £
    01 July 2014: 378,258
    Additions: 7,973
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    30 June 2015: 386,231
    Depreciation
    01 July 2014: 38,195
    Charge for year: 2,821
    On disposals: 0
    Other adjustments: 0
    30 June 2015: 41,016
    Net book value
    30 June 2015: 345,215
    30 June 2014: 340,063

    The net book value of assets held under finance lease contracts is £Nil (2014: £1,459)

MICRO-HAMMER MULTIMEDIA LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 June 2015

  • 3. Debtors


    2015
    £
    2014
    £
    Trade debtors: 7,989 6,135
    Other debtors: 39,601 4,826
    Total: 47,590 10,961

    Other debtors includes a deferred tax asset of £608 (2014: £437).

MICRO-HAMMER MULTIMEDIA LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 June 2015

  • 4. Creditors: amounts falling due within one year


    2015
    £
    2014
    £
    Bank loans and overdrafts: 14,836 12,549
    Amounts due under finance leases and hire purchase contracts: 0 673
    Trade creditors: 16,081 10,509
    Taxation and social security: 27,132 32,932
    Accruals and deferred income: 12,974 32,522
    Other creditors: 61,863 1,807
    Total: 132,886 90,992

    The bank overdraft is secured by a fixed and floating charge over the assets of the company.

MICRO-HAMMER MULTIMEDIA LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 June 2015

  • 5. Called up share capital

    Allotted, called up and paid

    Previous period
    2014
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 100 1.00 100
    Preference shares: 0
    Total share capital (£): 100
    Current period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 100 1.00 100
    Preference shares: 0
    Total share capital (£): 100

MICRO-HAMMER MULTIMEDIA LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 June 2015

  • 6. Related party disclosures

    Name of the ultimate controlling party during the period: Mrs. C L Phipps
    Name of related party: B W Phipps
    Relationship: Husband
    Description of the transaction Loan provided to company controlled by B W Phipps
    Balance at 01 July 2014 4,389
    Balance at 30 June 2015 38,992
    Name of related party: B W Phipps
    Relationship: Husband
    Description of the transaction Loan made to company
    Balance at 01 July 2014 1,802
    Balance at 30 June 2015 30,931

MICRO-HAMMER MULTIMEDIA LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 June 2015

  • 7. Transactions with directors

    Name of director receiving advance or credit Mrs. C L Phipps
    Description of the transaction Loan made to the company
    Balance at 01 July 2014 0
    Advances or credits made 30,932
    Balance at 30 June 2015 30,932