Multimedia Integrated Solutions Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: SC330894 (Scotland)

Abbreviated Accounts

for the Year Ended 31 December 2013

for

Multimedia Integrated Solutions Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D Watson

A Pasinski

SECRETARY:

Ms A Bambridge

REGISTERED OFFICE:

Radleigh House

1 Golf Road

Clarkston

Glasgow

G76 7HU

REGISTERED NUMBER:

SC330894 (Scotland)

ACCOUNTANTS:

O'Haras Chartered Accountants

Radleigh House

1 Golf Road

Clarkston

Glasgow

G76 7HU

FIXED ASSETS

Tangible assets

2

37,400

16,394

CURRENT ASSETS

Debtors

114,853

38,088

Cash at bank and in hand

35,386

60,753

150,239

98,841

CREDITORS

Amounts falling due within one year

110,751

80,002

NET CURRENT ASSETS

39,488

18,839

TOTAL ASSETS LESS CURRENT LIABILITIES

76,888

35,233

CREDITORS

Amounts falling due after more than one year

43,129

29,497

NET ASSETS

33,759

5,736

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

33,659

5,636

SHAREHOLDERS' FUNDS

33,759

5,736

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 7 July 2014 and were signed on its behalf by:

A Pasinski - Director

D Watson - 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 April 2008).

Turnover

Turnover represents the amounts derived from the provision of goods and services, excluding value added tax

and trade discounts.

Tangible fixed assets

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

Furniture & equipment

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Website and IT costs

-

33% on cost

Deferred tax

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods

different from those in which they are included in the company's accounts. Deferred tax is provided in full on

timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates

that are expected to apply when the timing differences reverse, based on current tax rates and laws.

Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no

commitment to sell the asset.

Deferred tax assets and liabilities are not discounted.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

45,148

Additions

25,551

At 31 December 2013

70,699

DEPRECIATION

At 1 January 2013

28,754

Charge for year

4,545

At 31 December 2013

33,299

NET BOOK VALUE

At 31 December 2013

37,400

At 31 December 2012

16,394

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

100

Ordinary

£1

100

100