Macfarlane Media Limited - Abbreviated accounts 16.1
Macfarlane Media Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 29 February 2016 |
| for |
| Macfarlane Media Limited |
| Macfarlane Media Limited (Registered number: 07046179) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 29 February 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Macfarlane Media Limited |
| Company Information |
| for the Year Ended 29 February 2016 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| BUSINESS ADDRESS: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Macfarlane Media Limited (Registered number: 07046179) |
| Abbreviated Balance Sheet |
| 29 February 2016 |
| 29.2.16 | 28.2.15 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Debtors |
| Prepayments and accrued income |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| 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. |
| Macfarlane Media Limited (Registered number: 07046179) |
| Abbreviated Balance Sheet - continued |
| 29 February 2016 |
| The financial statements were approved by the Board of Directors on |
| Macfarlane Media Limited (Registered number: 07046179) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 29 February 2016 |
| 1. | ACCOUNTING POLICIES |
| 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 amounts receivable for services provided in the normal course of business, net of VAT. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
| balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at |
| the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
| under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
| are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
| capital element of the future payments is treated as a liability. |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
| period of the lease. |
| Employer financed retirement benefit schemes (efrbs) |
| The Company has established an employer financed retirement benefit scheme for the benefit of its officers, |
| employees and their wider families, The Macfarlane Media Limited 2013 EFRBS ("the Scheme").In accordance |
| with UITF Abstract 32 'Employee Benefit Trusts and other intermediate payment arrangements', the Company |
| does not include the assets and liabilities of the Scheme on its balance sheet to the extent that it considers that it |
| will not retain any future economic benefit from the assets of the Scheme and will not have control of the rights |
| or other access to those future economic benefits. |
| Macfarlane Media Limited (Registered number: 07046179) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 29 February 2016 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 March 2015 |
| Additions |
| At 29 February 2016 |
| DEPRECIATION |
| At 1 March 2015 |
| Charge for year |
| At 29 February 2016 |
| NET BOOK VALUE |
| At 29 February 2016 |
| At 28 February 2015 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 29.2.16 | 28.2.15 |
| value: | £ | £ |
| Ordinary shares | £1 |
| 4. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 29 February 2016 and |
| 28 February 2015: |
| 29.2.16 | 28.2.15 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year |
| The loan was repaid after the year end. |