Rose Television Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 05060477 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

ROSE TELEVISION LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr D Rose

Mrs C C Rose

REGISTERED OFFICE:

6 Langdale Court

Witney

Oxfordshire

OX28 6FG

REGISTERED NUMBER:

05060477 (England and Wales)

ACCOUNTANTS:

Bronsens

Chartered Certified Accountants

6 Langdale Court

Witney

Oxfordshire

OX28 6FG

FIXED ASSETS

Intangible assets

2

1

Tangible assets

3

-

4,626

1

4,627

CURRENT ASSETS

Stocks

2,118

2,882

Debtors

2,589

824

Cash at bank and in hand

2,818

2,999

7,525

6,705

CREDITORS

Amounts falling due within one year

7,493

11,300

NET CURRENT ASSETS/(LIABILITIES)

32

(4,595

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

33

32

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

31

30

SHAREHOLDERS' FUNDS

33

32

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 20 December 2016 and were signed on its behalf
by:

Mr D Rose - 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 sale of goods and services excluding value added tax.

Goodwill

Goodwill, being the amount of £1 paid in connection with the acquisition of a business in 2004, is not being

amortised as it is not material.

Tangible fixed assets

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

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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

1

NET BOOK VALUE

At 31 March 2016

1

At 31 March 2015

1

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

10,687

Disposals

(10,687

)

At 31 March 2016

-

DEPRECIATION

At 1 April 2015

6,061

Eliminated on disposal

(6,061

)

At 31 March 2016

-

NET BOOK VALUE

At 31 March 2016

-

At 31 March 2015

4,626

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

1

Ordinary A

£1

1

Ordinary B

£1

1

2

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2016 and

31 March 2015:

31.3.16

31.3.15

£

Mr D Rose and Mrs C C Rose

Balance outstanding at start of year

(3

)

13,745

Amounts advanced

30,146

25,443

Amounts repaid

(28,328

)

(39,191

)

Balance outstanding at end of year

1,815

(3

)

The loan was repaid to the company after the year end.