Abbreviated Company Accounts - SPROUT MEDIA LIMITED

SPROUT MEDIA LIMITED - Company Information

08363972 SPROUT MEDIA LIMITED 2016-01-31 false 2015-02-01 2016-01-31 true 08363972 2015-02-01 2016-01-31 08363972 2016-01-31 08363972 2015-01-31 08363972 uk-gaap-cd-bus:Director1 2015-02-01 2016-01-31 08363972 uk-gaap-cd-bus:Director2 2015-02-01 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-01 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-31 iso4217:GBP shares

Registered Number 08363972

SPROUT MEDIA LIMITED

Abbreviated Accounts

31 January 2016

SPROUT MEDIA LIMITED Registered Number 08363972

Abbreviated Balance Sheet as at 31 January 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	445	585
		445	585
Current assets
Debtors		780	-
Cash at bank and in hand		1,506	2,281
		2,286	2,281
Creditors: amounts falling due within one year		(6,718)	(3,578)
Net current assets (liabilities)		(4,432)	(1,297)
Total assets less current liabilities		(3,987)	(712)
Total net assets (liabilities)		(3,987)	(712)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(4,087)	(812)
Shareholders' funds		(3,987)	(712)

For the year ending 31 January 2016 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 11 October 2016

And signed on their behalf by:
Mr J Perkins, Director

SPROUT MEDIA LIMITED Registered Number 08363972

Notes to the Abbreviated Accounts for the period ended 31 January 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted, have been prepared
under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller
Entities (Effective January 2015).

Turnover policy
Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated
residual value, over their expected useful economic life as follows:
Asset class Depreciation method and rate
Office Equipment 20% straight line

Other accounting policies
Going concern
The financial statements have been prepared on a going concern basis.
Hire purchase and leasing
Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the
lease term.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract
that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares
are issued, any component that creates a financial liability of the company is presented as a liability in the
balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in
the profit and loss account.

2Tangible fixed assets

	£
Cost
At 1 February 2015	725
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2016	725
Depreciation
At 1 February 2015	140
Charge for the year	140
On disposals	-
At 31 January 2016	280
Net book values
At 31 January 2016	445
At 31 January 2015	585

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100