Abbreviated Company Accounts - RISING MEDIA LTD

Registered Number 05537495

RISING MEDIA LTD

Abbreviated Accounts

31 December 2015

RISING MEDIA LTD Registered Number 05537495

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Called up share capital not paid		1	1
Fixed assets
Intangible assets	2	167,308	174,913
Tangible assets	3	7,158	6,482
		174,466	181,395
Current assets
Debtors		121,692	211,395
Cash at bank and in hand		331,651	6,648
		453,343	218,043
Creditors: amounts falling due within one year		(666,362)	(472,516)
Net current assets (liabilities)		(213,019)	(254,473)
Total assets less current liabilities		(38,552)	(73,077)
Total net assets (liabilities)		(38,552)	(73,077)
Capital and reserves
Called up share capital		1	1
Profit and loss account		(38,553)	(73,078)
Shareholders' funds		(38,552)	(73,077)

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 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 28 September 2016

And signed on their behalf by:
Matthew Finlay, Director

RISING MEDIA LTD Registered Number 05537495

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

2Intangible fixed assets

	£
Cost
At 1 January 2015	177,878
Additions	44,328
Disposals	-
Revaluations	(9,215)
Transfers	-
At 31 December 2015	212,991
Amortisation
At 1 January 2015	2,965
Charge for the year	42,718
On disposals	-
At 31 December 2015	45,683
Net book values
At 31 December 2015	167,308
At 31 December 2014	174,913

Rising Media acquired "Allfacebook" in December 2014 with balance payable in April 2015.
The intangible asset will be amortised over five years.

3Tangible fixed assets

	£
Cost
At 1 January 2015	17,368
Additions	4,088
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	21,456
Depreciation
At 1 January 2015	10,886
Charge for the year	3,412
On disposals	-
At 31 December 2015	14,298
Net book values
At 31 December 2015	7,158
At 31 December 2014	6,482

Depreciation is charged on straight line basis over the life of the asset