T-BASS MEDIA LIMITED - Abbreviated accounts 16.3

REGISTERED NUMBER: 08069037 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 May 2016

for

T-BASS MEDIA LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

T Basciano

REGISTERED OFFICE:

26 Tremlett Grove

London

N19 5JX

REGISTERED NUMBER:

08069037 (England and Wales)

ACCOUNTANTS:

Maths Partnership

1 Brook Court

Blakeney Road

Beckenham

Kent

BR3 1HG

FIXED ASSETS

Tangible assets

2

30,245

30,771

CURRENT ASSETS

Debtors

29,645

3,471

Cash at bank

23,454

25,978

53,099

29,449

CREDITORS

Amounts falling due within one year

44,450

37,473

NET CURRENT ASSETS/(LIABILITIES)

8,649

(8,024

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

38,894

22,747

PROVISIONS FOR LIABILITIES

5,788

5,836

NET ASSETS

33,106

16,911

CAPITAL AND RESERVES

Called up share capital

3

1,250

Profit and loss account

31,856

15,661

SHAREHOLDERS' FUNDS

33,106

16,911

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 30 November 2016 and were signed by:

T Basciano - 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 services, 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.

Plant and machinery

-

25% on reducing balance

Computer equipment

-

33% 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

where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or

to receive more tax, with the following exception:

Deferred tax assets are recognised only to the extent that the directors consider that it si more likely than not that there will

be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in the which

timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire

purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over

their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital

element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

54,337

Additions

8,952

At 31 May 2016

63,289

DEPRECIATION

At 1 June 2015

23,566

Charge for year

9,478

At 31 May 2016

33,044

NET BOOK VALUE

At 31 May 2016

30,245

At 31 May 2015

30,771

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

1,250

Ordinary

1

1,250

4.	RELATED PARTY DISCLOSURES

During the year, total dividends of £34,000 (2015 - £32,400) were paid to the director .

5.	ULTIMATE CONTROLLING PARTY

The controlling party is T Basciano.