WFL_MEDIA_LTD - Accounts

WFL MEDIA LTD - Company Information

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Company Registration No. 07076964 (England and Wales)

WFL MEDIA LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

WFL MEDIA LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

WFL MEDIA LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

5,315

8,285

Current assets

Debtors

92,285

64,645

Cash at bank and in hand

201,954

146,114

294,239

210,759

Creditors: amounts falling due within one year

(108,911)

(34,009)

Net current assets

185,328

176,750

Total assets less current liabilities

190,643

185,035

Capital and reserves

Called up share capital

2,270

2,000

Share premium account

529,210

279,470

Profit and loss account

(340,837)

(96,435)

Shareholders' funds

190,643

185,035

For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The directors acknowledge their 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 2 October 2014

N J Telson

A P Webster

Director

Company Registration No. 07076964

WFL MEDIA LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

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 April 2008).

The financial statements have been prepared on a going concern basis which assumes that the company will continue to trade. The validity of this assumption is dependent upon the continued support of the company's directors who have indicated that they intend to provide necessary facilities to enable the company to continue to trade for the foreseeable future.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for services net of VAT and trade discounts.

1.4

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:

Computer equipment

3 years straight line

Fixtures, fittings & equipment

25% reducing balance

Fixed assets

Tangible assets

Cost

At 1 April 2013

30,346

Additions

3,608

At 31 March 2014

33,954

Depreciation

At 1 April 2013

22,061

Charge for the year

6,578

At 31 March 2014

28,639

Net book value

At 31 March 2014

5,315

At 31 March 2013

8,285

WFL MEDIA LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

2,270 Ordinary shares of £1 each

2,270

2,000