Log Networks Limited - Abbreviated accounts 16.1
Log Networks Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 31 March 2016 |
| for |
| Log Networks Limited |
| Log Networks Limited (Registered number: 03023200) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 March 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Log Networks Limited |
| Company Information |
| for the Year Ended 31 March 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| BANKERS: |
| Log Networks Limited (Registered number: 03023200) |
| Abbreviated Balance Sheet |
| 31 March 2016 |
| 31.3.16 | 31.3.15 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Investments | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Share premium |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The directors acknowledge their 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 financial statements were approved by the Board of Directors on |
| Log Networks Limited (Registered number: 03023200) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 March 2016 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The net amounts of loans to/from group undertakings totals £325,580 against the balance sheet deficit. |
| 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 net invoiced sales of goods, excluding value added tax. |
| Tangible fixed assets |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2015 |
| and 31 March 2016 |
| NET BOOK VALUE |
| At 31 March 2016 |
| At 31 March 2015 |
| 3. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 April 2015 |
| and 31 March 2016 | 75 |
| NET BOOK VALUE |
| At 31 March 2016 |
| At 31 March 2015 |
| Log Networks Limited (Registered number: 03023200) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 March 2016 |
| 3. | FIXED ASSET INVESTMENTS - continued |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Associated company |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 37.50 |
| 31.3.16 | 31.3.15 |
| £ | £ |
| Aggregate capital and reserves | (117,905 | ) | (137,988 | ) |
| Profit for the year | 19,883 | 16,900 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.3.16 | 31.3.15 |
| value: | £ | £ |
| Ordinary 'A' | £0.01 |
| 5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| All transactions with the Directors are entered through the Directors Current Accounts. |
| 6. | RELATED PARTY DISCLOSURES |
| Paul and Michael Berrow are directors of Wandering Star Music Ltd, Wandering Star Ltd, Wandering Star |
| Publishing Ltd, Wandering Star Media Ltd, Wandering Star Records Ltd, Wandering Star Books Ltd, The Band |
| Register Ltd, Wandering Star Pictures Ltd. There are inter-company loan accounts between these companies |
| which are shown on the balance sheet. |
| 7. | CONTROLLING PARTY |
| The Company is under the control of Paul and Michael Berrow. |