Abbreviated Company Accounts - GREAT POINT MEDIA LIMITED

Abbreviated Company Accounts - GREAT POINT MEDIA LIMITED

GREAT POINT MEDIA LIMITED - Company Information

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Registered Number 08335376

GREAT POINT MEDIA LIMITED

Abbreviated Accounts

31 March 2016

GREAT POINT MEDIA LIMITED Registered Number 08335376

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 8,764 14,396
Investments 3 591,919 80,000
600,683 94,396
Current assets
Debtors 2,412,132 680,419
Cash at bank and in hand 1,000,576 932,798
3,412,708 1,613,217
Creditors: amounts falling due within one year (3,393,483) (1,939,514)
Net current assets (liabilities) 19,225 (326,297)
Total assets less current liabilities 619,908 (231,901)
Creditors: amounts falling due after more than one year (65,650) (96,865)
Total net assets (liabilities) 554,258 (328,766)
Capital and reserves
Called up share capital 4 100 100
Profit and loss account 554,158 (328,866)
Shareholders' funds 554,258 (328,766)
  • For the year ending 31 March 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 10 January 2017

And signed on their behalf by:
Mr James Edward Taylor Reeve, Director

GREAT POINT MEDIA LIMITED Registered Number 08335376

Notes to the Abbreviated Accounts for the period ended 31 March 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 net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. A full year depreciation has been charged on tangible fixed assets purchased in the year.

Computer equipment - 33% on cost

Other accounting policies
Fixed Asset Investments
Fixed asset investments are shown at their cost to the company, including all costs of acquisition, less any provision for impairment. The investments are annually for impairment.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating result.

2Tangible fixed assets
£
Cost
At 1 April 2015 25,988
Additions 4,542
Disposals -
Revaluations -
Transfers -
At 31 March 2016 30,530
Depreciation
At 1 April 2015 11,592
Charge for the year 10,174
On disposals -
At 31 March 2016 21,766
Net book values
At 31 March 2016 8,764
At 31 March 2015 14,396

3Fixed assets Investments
The Company's investments at the Balance Sheet date in the share capital of the companies include the following:

Great Point Investments Limited
Nature of business: Promoter and marketing of Seed Enterprises.
Class of shares: Ordinary shares of £1.00 each
% holding: 100%

4Called Up Share Capital
Allotted, called up and fully paid:
2016
£		 2015
£
100 Ordinary shares of £0.01 each 1 1

Allotted and fully paid.