PATRICK_SHIRLEY_MEDIA_LIM - Accounts

PATRICK SHIRLEY MEDIA LIMITED - Company Information

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Company Registration No. 08354887 (England and Wales)

PATRICK SHIRLEY MEDIA LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2016

PATRICK SHIRLEY MEDIA LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

PATRICK SHIRLEY MEDIA LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JANUARY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

1,456

1,719

Current assets

Debtors

3,615

7,207

Cash at bank and in hand

26,072

35,364

29,687

42,571

Creditors: amounts falling due within one year

(15,346)

(15,945)

Net current assets

14,341

26,626

Total assets less current liabilities

15,797

28,345

Provisions for liabilities

(291)

(344)

15,506

28,001

Capital and reserves

Called up share capital

Profit and loss account

15,505

28,000

Shareholders' funds

15,506

28,001

For the financial year ended 31 January 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 11 May 2016

Mr P V Shirley

Director

Company Registration No. 08354887

PATRICK SHIRLEY MEDIA LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

25% per annum reducing balance

1.4

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

1.6

VAT Flat Rate Scheme

The company is currently operating the VAT flat rate scheme. Turnover is shown net of flat rate scheme VAT declared and input VAT, being non-claimable under the scheme, is included within the related expense of cost heading.

Fixed assets

Tangible assets

Cost

At 1 February 2015 & at 31 January 2016

2,241

Depreciation

At 1 February 2015

522

Charge for the year

263

At 31 January 2016

785

Net book value

At 31 January 2016

1,456

At 31 January 2015

1,719

PATRICK SHIRLEY MEDIA LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JANUARY 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

1 Ordinary share of £1 each