Company Registration No. 05732153 (England and Wales)
SE1 Media Ltd
Abbreviated unaudited accounts
for the year ended 31 March 2016
SE1 Media Ltd
Abbreviated Balance Sheet
as at 31 March 2016
Tangible assets
8,828
7,798
Cash at bank and in hand
42,857
65,405
Creditors: amounts falling due within one year
(51,833)
(26,073)
Net current assets
20,679
79,907
Total assets less current liabilities
29,507
87,705
Provisions for liabilities
(1,766)
(1,559)
Called up share capital
100
100
Profit and loss account
17,651
76,056
Total shareholders' funds
27,741
86,146
For the year ending 31 March 2016 the company was entitled to exemption from audit 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 24 August 2016
N R Hall
Director
Company Registration No. 05732153
SE1 Media Ltd
Notes to the Abbreviated Accounts
for the year ended 31 March 2016
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirement to prepare such a statement under the Financial Reporting Standard for Smaller Entities (effective January 2015).
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Work-in-progress is valued at net realisable value.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
SE1 Media Ltd
Notes to the Abbreviated Accounts
for the year ended 31 March 2016
2
Tangible fixed assets
Computer equipment
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
