McLelland Media Limited - Abbreviated accounts

McLelland Media Limited - Abbreviated accounts


Registered number
08394880
McLelland Media Limited
Abbreviated Accounts
29 February 2016
McLelland Media Limited
Registered number: 08394880
Abbreviated Balance Sheet
as at 29 February 2016
Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 384 480
Current assets
Debtors 10,760 6,100
Cash at bank and in hand 17,066 53,035
27,826 59,135
Creditors: amounts falling due within one year (21,203) (45,688)
Net current assets 6,623 13,447
Net assets 7,007 13,927
Capital and reserves
Called up share capital 3 1 1
Profit and loss account 7,006 13,926
Shareholders' funds 7,007 13,927
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Mr John McLelland Headley
Director
Approved by the board on 5 October 2016
McLelland Media Limited
Notes to the Abbreviated Accounts
for the year ended 29 February 2016
1 Accounting policies
Basis of preparation
The accounts 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, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 20% reducing balance
Stocks
Stock is valued at the lower of cost and net realisable value.
2 Tangible fixed assets £
Cost
At 1 March 2015 750
At 29 February 2016 750
Depreciation
At 1 March 2015 270
Charge for the year 96
At 29 February 2016 366
Net book value
At 29 February 2016 384
At 28 February 2015 480
3 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 1 1 1
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