Abbreviated Company Accounts - CARGO MEDIA LIMITED

Abbreviated Company Accounts - CARGO MEDIA LIMITED

CARGO MEDIA LIMITED - Company Information

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Registered Number 09490281

CARGO MEDIA LIMITED

Abbreviated Accounts

31 May 2016

CARGO MEDIA LIMITED Registered Number 09490281

Abbreviated Balance Sheet as at 31 May 2016

Notes 2016
£
Fixed assets
Intangible assets 2 56,975
Tangible assets 3 3,610
60,585
Current assets
Debtors 140,320
Cash at bank and in hand 8,835
149,155
Net current assets (liabilities) 149,155
Total assets less current liabilities 209,740
Provisions for liabilities (401,871)
Total net assets (liabilities) (192,131)
Capital and reserves
Called up share capital 200
Profit and loss account (192,331)
Shareholders' funds (192,131)
  • For the year ending 31 May 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 9 December 2016

And signed on their behalf by:
J.STEINBERG, Director

CARGO MEDIA LIMITED Registered Number 09490281

Notes to the Abbreviated Accounts for the period ended 31 May 2016

1Accounting Policies

Basis of measurement and preparation of accounts
THE ACCOUNTS HAVE BEEN PREPARED UNDER THE HISTORICAL COST CONVENTION AND IN ACCORDANCE WITH THE FINANCIAL REPORTING STANDARD FOR SMALLER ENTITIES (EFFECTIVE JANUARY 2015)

Turnover policy
TURNOVER REPRESENTS THE VALUE , NET OF VALUE TAX AND DISCOUNTS , OF GOODS AND SERVICES PROVIDED TO CUSTOMERS AND WORK CARRIED OUT IN RESPECT OF SERVICES PROVIDED TO CUSTOMERS

Tangible assets depreciation policy
DEPRECIATION HAS BEEN PROVIDE ESTIMATED USD IN ORDER TO WRITE OFF THE ASSETS OVER THEIR USEFUL LIVES OF THREE YEARS

Intangible assets amortisation policy
GOODWILL IS BEING WRITTEN OFF IN EQUAL INSTALLMENTS OVER ITS ESTIMATED ECONOMIC LIFE OF 10 YEARS

Other accounting policies
THESE ACCOUNTS HAVE BEEN PREPARED ON A GOING CONCERN BASIS AND HAVE ASSUMED THE CONTINUING SUPPORT OF THE COMPANY'S DIRECTORS AND CREDITORS

2Intangible fixed assets
£
Cost
Additions 64,500
Disposals -
Revaluations -
Transfers -
At 31 May 2016 64,500
Amortisation
Charge for the year 7,525
On disposals -
At 31 May 2016 7,525
Net book values
At 31 May 2016 56,975
3Tangible fixed assets
£
Cost
Additions 3,713
Disposals -
Revaluations -
Transfers -
At 31 May 2016 3,713
Depreciation
Charge for the year 103
On disposals -
At 31 May 2016 103
Net book values
At 31 May 2016 3,610