Platform Media Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: SC186739 (Scotland)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2015

FOR

PLATFORM MEDIA LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Alan Davies

SECRETARY:

Estelle Vivienne Davies

REGISTERED OFFICE:

37 Kembhill Park

Kemnay

Inverurie

Aberdeenshire

AB51 5LF

REGISTERED NUMBER:

SC186739 (Scotland)

ACCOUNTANTS:

Bon Accord Accountancy Limited

71 Charleston Road North

Cove

Aberdeen

Aberdeenshire

AB12 3SZ

FIXED ASSETS

Tangible assets

2

40,027

6,282

CURRENT ASSETS

Debtors

76,405

99,897

Cash at bank and in hand

16,902

30,349

93,307

130,246

CREDITORS

Amounts falling due within one year

78,592

81,192

NET CURRENT ASSETS

14,715

49,054

TOTAL ASSETS LESS CURRENT
LIABILITIES

54,742

55,336

CREDITORS

Amounts falling due after more than one
year

3,333

-

NET ASSETS

51,409

55,336

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

51,309

55,236

SHAREHOLDERS' FUNDS

51,409

55,336

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 29 June 2016 and were signed by:

Alan Davies - 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.

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

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

sheet date.

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 July 2014

39,299

Additions

50,329

Disposals

(30,106

)

At 30 June 2015

59,522

DEPRECIATION

At 1 July 2014

33,017

Charge for year

11,255

Eliminated on disposal

(24,777

)

At 30 June 2015

19,495

NET BOOK VALUE

At 30 June 2015

40,027

At 30 June 2014

6,282

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.15

30.6.14

value:

£

100

Ordinary

£1

100