Abbreviated Company Accounts - JAMES BLACK MEDIA LIMITED

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SC169969 JAMES BLACK MEDIA LIMITED 2015-11-30 false 2014-12-01 2015-11-30 true SC169969 2014-12-01 2015-11-30 SC169969 2015-11-30 SC169969 2014-11-30 SC169969 uk-gaap-cd-bus:Director1 2014-12-01 2015-11-30 SC169969 uk-gaap-cd-bus:Director2 2014-12-01 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-01 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-11-30 iso4217:GBP shares

Registered Number SC169969

JAMES BLACK MEDIA LIMITED

Abbreviated Accounts

30 November 2015

JAMES BLACK MEDIA LIMITED Registered Number SC169969

Abbreviated Balance Sheet as at 30 November 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	1,681	1,373
		1,681	1,373
Current assets
Stocks		164,505	165,361
Debtors		-	195
Cash at bank and in hand		1,109	3,049
		165,614	168,605
Net current assets (liabilities)		165,614	168,605
Total assets less current liabilities		167,295	169,978
Creditors: amounts falling due after more than one year		(226,975)	(233,887)
Total net assets (liabilities)		(59,680)	(63,909)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(59,780)	(64,009)
Shareholders' funds		(59,680)	(63,909)

For the year ending 30 November 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 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 30 August 2016

And signed on their behalf by:
James Black, Director

JAMES BLACK MEDIA LIMITED Registered Number SC169969

Notes to the Abbreviated Accounts for the period ended 30 November 2015

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 April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its
expected useful life, as follows:
Fixtures, fittings
and equipment - 33.3% reducing balance method

Valuation information and policy
Stock is valued at the lower of cost and net realisable value.

Other accounting policies
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the transactions. All differences are taken to the Profit and Loss account.

Going concern
Creditors include advances from directors amounting to £223,391 (2014 - £233,387). These funds have been provided while the company explores and develops business opportunities. The directors have indicated that they will not seek repayment of these funds in the near future. Consequently these accounts have been prepared on the basis that the company is a going concern.

2Tangible fixed assets

	£
Cost
At 1 December 2014	30,799
Additions	1,148
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2015	31,947
Depreciation
At 1 December 2014	29,426
Charge for the year	840
On disposals	-
At 30 November 2015	30,266
Net book values
At 30 November 2015	1,681
At 30 November 2014	1,373

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

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100