POWER ON TELEVISION LTD - Abbreviated accounts 16.1

REGISTERED NUMBER: 07579651 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

POWER ON TELEVISION LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

L K Kjolsen

A McArthur

REGISTERED OFFICE:

15 Hyde End Lane

Spencers Wood

Reading

Berkshire

RG7 1ET

REGISTERED NUMBER:

07579651 (England and Wales)

ACCOUNTANTS:

SRE Associates Limited

15 Ryeish Green

Hyde End Lane

Spencers Wood

Reading

Berkshire

RG7 1ET

BANKERS:

HSBC Bank

26-28 Broad Street

Reading

Berkshire

RG1 2BU

FIXED ASSETS

Tangible assets

2

6,214

8,302

CURRENT ASSETS

Stocks

300

Debtors

10,008

21,386

Cash at bank and in hand

83,212

27,339

93,520

49,025

CREDITORS

Amounts falling due within one year

67,823

16,787

NET CURRENT ASSETS

25,697

32,238

TOTAL ASSETS LESS CURRENT
LIABILITIES

31,911

40,540

CAPITAL AND RESERVES

Called up share capital

3

200

Profit and loss account

31,711

40,340

SHAREHOLDERS' FUNDS

31,911

40,540

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 10 May 2016 and were signed on its behalf by:

A McArthur - Director

1.	ACCOUNTING POLICIES

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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost and 25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

17,568

Additions

2,273

At 31 March 2016

19,841

DEPRECIATION

At 1 April 2015

9,266

Charge for year

4,361

At 31 March 2016

13,627

NET BOOK VALUE

At 31 March 2016

6,214

At 31 March 2015

8,302

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

200

Ordinary

£1

200