Media Wisdom Photography Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 05087416 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

Media Wisdom Photography Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

G Christopher

A Cockroft

REGISTERED OFFICE:

5 Lindsay Road

Hampton Hill

Middlesex

TW12 1DR

REGISTERED NUMBER:

05087416 (England and Wales)

ACCOUNTANTS:

Swan Accountancy Solutions Limited

4 Riverview

Walnut Tree Close

Guildford

Surrey

GU1 4UX

FIXED ASSETS

Intangible assets

2

16,200

20,250

Tangible assets

3

45,690

43,365

61,890

63,615

CURRENT ASSETS

Debtors

23,206

12,476

Cash at bank and in hand

51,105

29,642

74,311

42,118

CREDITORS

Amounts falling due within one
year

36,450

32,833

NET CURRENT ASSETS

37,861

9,285

TOTAL ASSETS LESS CURRENT
LIABILITIES

99,751

72,900

CREDITORS

Amounts falling due after more
than one year

64,249

47,763

NET ASSETS

35,502

25,137

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

35,402

25,037

SHAREHOLDERS' FUNDS

35,502

25,137

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 21 October 2016 and
were signed on its behalf by:

G Christopher - Director

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 net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill is being amortised over five years commencing this year. The Directors

consider this to be the useful working life of the goodwill.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

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

20,250

AMORTISATION

Amortisation for year

4,050

At 31 March 2016

4,050

NET BOOK VALUE

At 31 March 2016

16,200

At 31 March 2015

20,250

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

76,743

Additions

12,486

Disposals

(1,500

)

At 31 March 2016

87,729

DEPRECIATION

At 1 April 2015

33,378

Charge for year

9,240

Eliminated on disposal

(579

)

At 31 March 2016

42,039

NET BOOK VALUE

At 31 March 2016

45,690

At 31 March 2015

43,365

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

1

100