Accounts filed on 31-12-2015

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			Company registration number:09633403
		ARC X-MEDIA LIMITED
			ABBREVIATED FINANCIAL STATEMENTS
			FOR THE PERIOD ENDED 31 December 2015

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ARC X-MEDIA LIMITED
BALANCE SHEET
AS AT 31 December 2015
			2015
		Notes	£		£
FIXED ASSETS
Intangible assets		2			115,043
Tangible assets		3			29,845
					144,888
CURRENT ASSETS
Debtors			12,246
Cash at bank and in hand			19,835
			32,081
CREDITORS
Amounts falling due within one year			(120,454)
NET CURRENT ASSETS					(88,373)
TOTAL ASSETS LESS
CURRENT LIABILITIES					56,515
Creditors falling due after one year					(25,613)
NET ASSETS					30,902
CAPITAL AND RESERVES
Called-up equity share capital		5			50,000
Profit and loss account					(19,098)
SHAREHOLDERS FUNDS					30,902
For the period ending 31 December 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 the accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
..........................................................................
A J Curran
2 June 2016
The annexed notes form part of these financial statements.

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ARC X-MEDIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2015

1.

Accounting policies

Basis of preparing the financial statements

The accounts 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 income receivable for goods and services provided in the period, exclusive of Value Added Tax and trade discounts.

Fixed assets

A full year's depreciation is charged in the year of acquisition of an asset but none in the year of disposal. Depreciation has been computed to write off the cost of fixed assets over their expected useful lives at the following rates:-

Fixtures and fittings 25% per annum reducing balance basis

Leasing

Leasing rentals payable on agreements which transfer substantially all the risk and rewards associated with ownership of the lessee ("finance leases") are capitalised within fixed assets, and the obligation to pay future rentals included in creditors as a liability. The interest charges implicit in such a lease are written off to the profit and loss account in proportion to the balance outstanding during the year. All other leasing rentals ("operating leases") are written off to the profit and loss account over the life of the lease.

Deferred taxation

Deferred tax assets and liabilities have arisen from timing differences between the recognition of gains and losses in the financial statements and their recognition in a tax computation. Full provision is made for all liabilities, and provision is made for assets to the extent that they are considered more likely than not to be recoverable in the foreseeable future. Provision is made using tax rates that are expected to apply in the periods in which the timing differences are expected to reverse based upon rates enacted at the balance sheet date.

Research and development

Research and development expenditure is written off as incurred, except that development expenditure incurred on an individual project is carried forward when its future recoverability can reasonably be regarded as assured. Any expenditure carried forward is amortised from the start of the period in which the expenditure was incurred.

2.	Intangible fixed assets
				Total
	Cost
	Additions			127,826
	At end of period			127,826
	Amortisation
	Provided during the period			12,783
	At end of period			12,783
	Net Book Values
	At end of period			115,043

3.	Tangible fixed assets
				Total
	Cost
	Additions			39,793
	At end of period			39,793
	Depreciation
	Provided during the period			9,948
	At end of period			9,948
	Net Book Value
	At end of period			29,845

4.

Creditors

Of the creditors due within one year £ 22,139 is secured

Of the creditors due after more than one year £ 25,613 is secured.

5.	Share capital				Allotted, issued and fully paid
					2015
					£
	Ordinary shares of £1 each				50,000
	Total issued share capital				50,000
6.	Ultimate controlling party
	In the opinion of the directors there is no ultimate controlling party.