LIGHTINK_MEDIA_LTD - Accounts

LIGHTINK MEDIA LTD. - Company Information

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Company Registration No. 09388039 (England and Wales)

LIGHTINK MEDIA LTD

ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 JANUARY 2016

LIGHTINK MEDIA LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

LIGHTINK MEDIA LTD

ABBREVIATED BALANCE SHEET

AS AT

31 JANUARY 2016

- 1 -

Notes

Fixed assets

Tangible assets

2,754

Current assets

Debtors

1,452

Cash at bank and in hand

8,679

10,131

Creditors: amounts falling due within one year

(11,822)

Net current liabilities

(1,691)

Total assets less current liabilities

1,063

Provisions for liabilities

(551)

512

Capital and reserves

Called up share capital

Profit and loss account

502

Shareholders' funds

512

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

Director's responsibilities:

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

The director acknowledges his 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 14 October 2016

Mr S M Phillips

Director

Company Registration No. 09388039

LIGHTINK MEDIA LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 JANUARY 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

Turnover

Turnover represents amounts receivable for goods and services net of VAT.

1.3

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:

Fixtures, fittings & equipment

25% per annum reducing balance.

1.4

Deferred taxation

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. The deferred tax balance has not been discounted.

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Fixed assets

Tangible assets

Cost

At 14 January 2015

Additions

3,100

At 31 January 2016

3,100

Depreciation

At 14 January 2015

Charge for the period

346

At 31 January 2016

346

Net book value

At 31 January 2016

2,754

LIGHTINK MEDIA LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 JANUARY 2016

- 3 -

Share capital

Allotted, called up and fully paid

10 Ordinary shares of £1 each

During the year 10 ordinary shares of £1 each were allotted and fully paid at par for cash consideration.