Abbreviated Company Accounts - LIVEWIRE EDITORIAL COMMUNICATIONS LTD

LIVEWIRE EDITORIAL COMMUNICATIONS LTD - Company Information

05004558 LIVEWIRE EDITORIAL COMMUNICATIONS LTD 2016-02-28 false 2015-03-01 2016-02-28 true 05004558 2015-03-01 2016-02-28 05004558 2016-02-28 05004558 2015-02-28 05004558 uk-gaap-cd-bus:Director1 2015-03-01 2016-02-28 05004558 uk-gaap-cd-bus:Director2 2015-03-01 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-01 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass2 2015-03-01 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass2 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass2 2015-02-28 iso4217:GBP shares

Registered Number 05004558

LIVEWIRE EDITORIAL COMMUNICATIONS LTD

Abbreviated Accounts

28 February 2016

LIVEWIRE EDITORIAL COMMUNICATIONS LTD Registered Number 05004558

Abbreviated Balance Sheet as at 28 February 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	310	1,462
		310	1,462
Current assets
Stocks		36,929	13,363
Debtors		273,326	92,132
Cash at bank and in hand		181,829	206,111
		492,084	311,606
Creditors: amounts falling due within one year		(307,149)	(223,023)
Net current assets (liabilities)		184,935	88,583
Total assets less current liabilities		185,245	90,045
Total net assets (liabilities)		185,245	90,045
Capital and reserves
Called up share capital	3	103,500	103,000
Profit and loss account		81,745	(12,955)
Shareholders' funds		185,245	90,045

For the year ending 28 February 2016 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 accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 21 July 2016

And signed on their behalf by:
Ms L E Weinberger, Director

LIVEWIRE EDITORIAL COMMUNICATIONS LTD Registered Number 05004558

Notes to the Abbreviated Accounts for the period ended 28 February 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents net invoiced sales of goods, excluding value added tax.

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

Plant and machinery etc. - 33% on cost

Other accounting policies
Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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

2Tangible fixed assets

	£
Cost
At 1 March 2015	5,951
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2016	5,951
Depreciation
At 1 March 2015	4,489
Charge for the year	1,152
On disposals	-
At 28 February 2016	5,641
Net book values
At 28 February 2016	310
At 28 February 2015	1,462

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100,000 A Ordinary shares of £1 each	100,000	100,000
350,000 B,C,D,E,F,G,H ordinary shares shares of £0.01 each (300,000 shares for 2015)	3,500	3,000

During the year 50,000 H ordinary shares of £0.01 were issued as part of a company incentive scheme.