Bees Nees Media Limited - Abbreviated accounts 16.1

Bees Nees Media Limited - Abbreviated accounts 16.1

BEEZR STUDIOS LTD - Company Information

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REGISTERED NUMBER: SC261821















BEES NEES MEDIA LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 1 JANUARY 2015 TO 31 MARCH 2016






BEES NEES MEDIA LIMITED (REGISTERED NUMBER: SC261821)

CONTENTS OF THE ABBREVIATED ACCOUNTS
For The Period 1 January 2015 to 31 March 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

BEES NEES MEDIA LIMITED

COMPANY INFORMATION
For The Period 1 January 2015 to 31 March 2016







DIRECTOR: A MacCuish





REGISTERED OFFICE: 19 Woodside Crescent
Glasgow
G3 7UL





REGISTERED NUMBER: SC261821





ACCOUNTANTS: Benham Conway & Co
16 Royal Crescent
Glasgow
G3 7SL
Page 1
BEES NEES MEDIA LIMITED (REGISTERED NUMBER: SC261821)

ABBREVIATED BALANCE SHEET
31 March 2016

31.3.16 31.12.14
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 24,515 45,252

CURRENT ASSETS
Debtors 236,347 241,305
Cash at bank and in hand 107,842 100,722
344,189 342,027
CREDITORS
Amounts falling due within one year 264,045 410,987
NET CURRENT ASSETS/(LIABILITIES) 80,144 (68,960 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
104,659
(23,708
)

PROVISIONS FOR LIABILITIES 1,326 4,246
NET ASSETS/(LIABILITIES) 103,333 (27,954 )

CAPITAL AND RESERVES
Called up share capital 3 96,002 96,002
Profit and loss account 7,331 (123,956 )
SHAREHOLDERS' FUNDS 103,333 (27,954 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 20 September 2016 and were signed by:



A MacCuish - Director


The notes form part of these abbreviated accounts

Page 2
BEES NEES MEDIA LIMITED (REGISTERED NUMBER: SC261821)

NOTES TO THE ABBREVIATED ACCOUNTS
For The Period 1 January 2015 to 31 March 2016


1. ACCOUNTING POLICIES

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

Turnover
Turnover represents the value of services provided in the year, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following rates in order to write off the cost less estimated residual value of each
asset over its estimated useful life.

Leasehold improvements - 20% on cost
Studio and office equipment - 20% on cost

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and
depreciated over their useful lives. Obligations under such agreements are included in creditors net of the
finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and
loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

Government grants
Grants are credited to deferred income. Grants towards capital expenditure are released to the profit and loss
account over the expected useful life of the asset. Grants towards revenue expenditure are released to the profit
and loss account as the related expenditure is incurred.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015 398,228
Additions 7,562
At 31 March 2016 405,790
DEPRECIATION
At 1 January 2015 352,976
Charge for period 28,299
At 31 March 2016 381,275
NET BOOK VALUE
At 31 March 2016 24,515
At 31 December 2014 45,252

Page 3 continued...
BEES NEES MEDIA LIMITED (REGISTERED NUMBER: SC261821)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
For The Period 1 January 2015 to 31 March 2016


3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.16 31.12.14
value: £    £   
96,002 Ordinary £1 96,002 96,002

4. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the period the company had provided the director with a loan of £57,376 (2014, £29,134). Interest was
charged at 3%.

Page 4