Matmi New Media Design Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 04142762 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 28 February 2016

for

Matmi New Media Design Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr J J Coghlan

REGISTERED OFFICE:

Dukes Chambers Dukes Court

Mill Street

Macclesfield

Cheshire

SK11 6NN

REGISTERED NUMBER:

04142762 (England and Wales)

ACCOUNTANTS:

Castletree Consultants Limited

Cheshire House

59 Wilmslow Road

Handforth

Cheshire

SK9 3EN

FIXED ASSETS

Tangible assets

2

14,505

17,102

CURRENT ASSETS

Stocks

26,500

-

Debtors

51,051

62,173

Cash at bank and in hand

527

45,550

78,078

107,723

CREDITORS

Amounts falling due within one year

55,697

40,206

NET CURRENT ASSETS

22,381

67,517

TOTAL ASSETS LESS CURRENT LIABILITIES

36,886

84,619

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

36,786

84,519

SHAREHOLDERS' FUNDS

36,886

84,619

36,886

84,619

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 27 May 2016 and were signed by:

Mr J J Coghlan - 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.

Tangible fixed assets

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

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2015

99,878

Additions

1,448

At 28 February 2016

101,326

DEPRECIATION

At 1 March 2015

82,776

Charge for year

4,045

At 28 February 2016

86,821

NET BOOK VALUE

At 28 February 2016

14,505

At 28 February 2015

17,102

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.16

28.2.15

value:

£

£

100

Ordinary

£1

100

100