Entertainment Technology Press Limited - Period Ending 2015-12-31

Registration number: 03839258

Entertainment Technology Press Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015
 

Entertainment Technology Press Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Entertainment Technology Press Limited
(Registration number: 03839258)
Abbreviated Balance Sheet at 31 December 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					-			17
Current assets
Debtors					66,504			55,794
Cash at bank and in hand					39,928			38,259
					106,432			94,053
Creditors: Amounts falling due within one year					(16,833)			(17,917)
Net current assets					89,599			76,136
Net assets					89,599			76,153
Capital and reserves
Called up share capital		3			400			400
Share premium account					74,700			74,700
Profit and loss account					14,499			1,053
Shareholders' funds					89,599			76,153

For the year 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 3 August 2016

K Sewell
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Entertainment Technology Press Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	25% & 33% straight line basis

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2015		3,398			3,398
At 31 December 2015		3,398			3,398
Depreciation
At 1 January 2015		3,381			3,381
Charge for the year		17			17
At 31 December 2015		3,398			3,398
Net book value
At 31 December 2015		-			-
At 31 December 2014		17			17

Page 2

Entertainment Technology Press Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		400			400			400			400

4

Control

The company is controlled by Cambridge Media Group Limited , the parent company with a 100% controlling shareholding. The ultimate controlling party is K Sewell.

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