MEDIA_CAMBRIDGE_LTD - Accounts

M CAMBRIDGE LTD - Company Information

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Company Registration No. 08276945 (England and Wales)

MEDIA CAMBRIDGE LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

MEDIA CAMBRIDGE LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

MEDIA CAMBRIDGE LTD

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

1,845

2,624

Current assets

Debtors

15,374

64,548

Cash at bank and in hand

316,215

403,700

331,589

468,248

Creditors: amounts falling due within one year

(6,287)

(108,553)

Net current assets

325,302

359,695

Total assets less current liabilities

327,147

362,319

Provisions for liabilities

(183)

327,147

362,136

Capital and reserves

Called up share capital

100

Profit and loss account

327,047

362,036

Shareholder's funds

327,147

362,136

For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has 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 24 May 2016

J Bachini

Director

Company Registration No. 08276945

MEDIA CAMBRIDGE LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 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

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

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

1.4

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

Straight line over 4 years

1.5

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.

1.6

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.

MEDIA CAMBRIDGE LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 3 -

Fixed assets

Tangible assets

Cost

At 1 January 2015

4,431

Additions

439

At 31 December 2015

4,870

Depreciation

At 1 January 2015

1,807

Charge for the year

1,218

At 31 December 2015

3,025

Net book value

At 31 December 2015

1,845

At 31 December 2014

2,624

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary of £1 each

100

Related party relationships and transactions

Loans to directors

Transactions in relation to loans with directors during the year are outlined in the table below:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Directors loan

3.25

302,063

333

289,822

12,574

302,063

333

289,822

12,574