NEEDMARSH_PUBLISHING_LIMI - Accounts

NEEDMARSH PUBLISHING LIMITED - Company Information

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Company Registration No. 02307715 (England and Wales)

NEEDMARSH PUBLISHING LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

NEEDMARSH PUBLISHING LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

NEEDMARSH PUBLISHING LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

375

501

Current assets

Debtors

246,547

192,030

Cash at bank and in hand

36,705

17,093

283,252

209,123

Creditors: amounts falling due within one year

(64,108)

(47,970)

Net current assets

219,144

161,153

Total assets less current liabilities

219,519

161,654

Capital and reserves

Called up share capital

Profit and loss account

219,511

161,646

Shareholders' funds

219,519

161,654

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 27 September 2016

Mr R D F Lim

Director

Company Registration No. 02307715

NEEDMARSH PUBLISHING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently.

1.3

Turnover

Turnover represents magazine sales and advertising revenue, net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

25% reducing balance

Fixed assets

Tangible assets

Cost

At 1 April 2015 & at 31 March 2016

3,312

Depreciation

At 1 April 2015

2,811

Charge for the year

126

At 31 March 2016

2,937

Net book value

At 31 March 2016

375

At 31 March 2015

501

Share capital

2016

2015

Allotted, called up and fully paid

8 Ordinary shares of £1 each

NEEDMARSH PUBLISHING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Ultimate parent company

The ultimate holding company is Audio Visual Independent Distribution Limited, a company incorporated in England and Wales.