Abbreviated Company Accounts - PLAY MEDIA EUROPE LIMITED

Abbreviated Company Accounts - PLAY MEDIA EUROPE LIMITED

PLAY MEDIA EUROPE LIMITED - Company Information

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Registered Number 07893603

PLAY MEDIA EUROPE LIMITED

Abbreviated Accounts

31 December 2013

PLAY MEDIA EUROPE LIMITED Registered Number 07893603

Abbreviated Balance Sheet as at 31 December 2013

Notes 2013 2012
£ £
Called up share capital not paid 100 100
Fixed assets
Intangible assets - -
Tangible assets 2 9,286 4,549
Investments 3 725 725
10,011 5,274
Current assets
Stocks - -
Debtors 4 691,849 449,845
Investments - -
Cash at bank and in hand 103,438 21,720
795,287 471,565
Prepayments and accrued income 4,190 2,847
Creditors: amounts falling due within one year (652,329) 0
Net current assets (liabilities) 147,148 474,412
Total assets less current liabilities 157,259 479,786
Creditors: amounts falling due after more than one year 0 (384,810)
Provisions for liabilities 0 0
Accruals and deferred income (111,396) (74,998)
Total net assets (liabilities) 45,863 19,978
Capital and reserves
Called up share capital 5 100 100
Share premium account 0 0
Revaluation reserve 0 0
Other reserves 0 0
Profit and loss account 45,763 19,878
Shareholders' funds 45,863 19,978
  • For the year ending 31 December 2013 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 2 September 2014

And signed on their behalf by:
Russell Pegrum, Director

PLAY MEDIA EUROPE LIMITED Registered Number 07893603

Notes to the Abbreviated Accounts for the period ended 31 December 2013

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
The turnover shown in the profit and los account represents revenue recognised by the Company in respect of goods and services supplied during the period , exclusive of Value Added Tax and trade discounts

Tangible assets depreciation policy
Depreciation is provided a the following rates in order to write off the asset over its estimated useful life. Computer Equipment 33.33% on cost, Fixtures and Fittings 33.33% on cost

Other accounting policies
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

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. Deferred taxation is calculated at the rates of tax that are expected to apply in the periods when the timing differences will reverse and has not been discounted.

2Tangible fixed assets
£
Cost
At 1 January 2013 6,825
Additions 7,013
Disposals 0
Revaluations 0
Transfers 0
At 31 December 2013 13,838
Depreciation
At 1 January 2013 2,276
Charge for the year 2,276
On disposals 0
At 31 December 2013 4,552
Net book values
At 31 December 2013 9,286
At 31 December 2012 4,549

3Fixed assets Investments
Fixed Asset Investments are stated in the balance sheet at cost less any provision made for impairment value. Such investments are classified as current assets when regarded as available for sale

4Debtors
2013
£		 2012
£
Debtors include the following amounts due after more than one year 0 0

All Debtors are due within one year

5Called Up Share Capital
Allotted, called up and fully paid:
2013
£		 2012
£
100 Ordinary shares of £1 each 100 100