FOCUS_BUSINESS_MEDIA_LIMI - Accounts

FOCUS_BUSINESS_MEDIA_LIMI - Accounts

FOCUS BUSINESS MEDIA LIMITED - Company Information

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Company Registration No. 03090772 (England and Wales)
FOCUS BUSINESS MEDIA LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
FOCUS BUSINESS MEDIA LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
FOCUS BUSINESS MEDIA LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
527,825
539,416
Current assets
Debtors
510,132
378,730
Cash at bank and in hand
366,953
193,860
877,085
572,590
Creditors: amounts falling due within one year
3
(485,229)
(451,588)
Net current assets
391,856
121,002
Total assets less current liabilities
919,681
660,418
Creditors: amounts falling due after more than one year
4
(25,951)
(42,785)
Provisions for liabilities
(1,940)
(776)
891,790
616,857
Capital and reserves
Called up share capital
5
55,333
55,333
Revaluation reserve
186,024
189,820
Other reserves
52,255
52,255
Profit and loss account
598,178
319,449
Shareholders'  funds
891,790
616,857
FOCUS BUSINESS MEDIA LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2015
31 December 2015
- 2 -
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.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their 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 30 June 2016
C Medwynter
J Hodge
Director
Director
Company Registration No. 03090772
FOCUS BUSINESS MEDIA LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 3 -
1
Accounting policies
1.1
Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings 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 and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
Straight line over 50 years
Plant and machinery
25% straight line
Fixtures, fittings & equipment
15% straight line
Motor vehicles
50% in first year then 25% straight line
1.5
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.6
Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.7
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.
FOCUS BUSINESS MEDIA LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
- 4 -
2
Fixed assets
Tangible assets
£
Cost or valuation
At 1 January 2015
583,539
Additions
14,850
At 31 December 2015
598,389
Depreciation
At 1 January 2015
44,125
Charge for the year
26,439
At 31 December 2015
70,564
Net book value
At 31 December 2015
527,825
At 31 December 2014
539,416
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £16,833 (2014 - £15,896).
4
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £25,951 (2014 - £42,785).
5
Share capital
2015
2014
£
£
Allotted, called up and fully paid
54,933 Ordinary of £1 each
54,933
54,933
100 Ordinary A of £1 each
100
100
100 Ordinary B of £1 each
100
100
100 Ordinary C of £1 each
100
100
100 Ordinary D of £1 each
100
100
55,333
55,333
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