Company Registration No. 05735642 (England and Wales)
MAXX MEDIA LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
MAXX MEDIA LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
MAXX MEDIA LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
14,133
35,333
Tangible assets
2
954,910
714,380
969,043
749,713
Current assets
Debtors
418,732
286,530
Cash at bank and in hand
75,170
-
493,902
286,530
Creditors: amounts falling due within one year
(1,100,123)
(816,916)
Net current liabilities
(606,221)
(530,386)
Total assets less current liabilities
362,822
219,327
Provisions for liabilities
(161,990)
(101,884)
200,832
117,443
Capital and reserves
Called up share capital
3
110
110
Profit and loss account
200,722
117,333
Shareholders' funds
200,832
117,443
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his 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 9 December 2016
Mr P Dixon
Director
Company Registration No. 05735642
MAXX MEDIA LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
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 January 2015).
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 the total invoice value, excluding value added tax, of sales made during the year.the total invoice value, excluding value added tax, of sales made during the year.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years. of 10 years.
1.5
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:
Land and buildings Leasehold
Straight line over the life of the lease
Fixtures, fittings & equipment
3 & 5 years straight line
Advertising structures
10 years straight line
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 April 2015
212,000
961,725
1,173,725
Additions
-
376,231
376,231
Disposals
-
(31,667)
(31,667)
At 31 March 2016
212,000
1,306,289
1,518,289
Depreciation
At 1 April 2015
176,667
247,344
424,011
Charge for the year
21,200
104,035
125,235
At 31 March 2016
197,867
351,379
549,246
Net book value
At 31 March 2016
14,133
954,910
969,043
At 31 March 2015
35,333
714,380
749,713
MAXX MEDIA LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
10,000 Ordinary of 1p each
100
100
10 A Ordinary of £1 each
10
10
110
110
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