Multichannel TV Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05854654

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016

FOR

MULTICHANNEL TV LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr J Mason

SECRETARY:

Mr J Mason

REGISTERED OFFICE:

5 Beaumont Gate

Shenley Hill

Radlett

Hertfordshire

WD7 7AR

REGISTERED NUMBER:

05854654

ACCOUNTANTS:

Nagler Simmons

Chartered Accountants

5 Beaumont Gate

Shenley Hill

Radlett

Hertfordshire

WD7 7AR

FIXED ASSETS

Tangible assets

2

23,017

12,992

CURRENT ASSETS

Debtors

40,464

50,638

Cash at bank and in hand

56,897

46,820

97,361

97,458

CREDITORS

Amounts falling due within one year

63,245

93,461

NET CURRENT ASSETS

34,116

3,997

TOTAL ASSETS LESS CURRENT
LIABILITIES

57,133

16,989

PROVISIONS FOR LIABILITIES

2,062

2,266

NET ASSETS

55,071

14,723

CAPITAL AND RESERVES

Called up share capital

3

950

Capital redemption reserve

50

Profit and loss account

54,071

13,723

SHAREHOLDERS' FUNDS

55,071

14,723

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 17 November 2016 and were signed by:

Mr J Mason - 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 goods, 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.

Office equipment

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

43,369

Additions

16,042

At 31 May 2016

59,411

DEPRECIATION

At 1 June 2015

30,377

Charge for year

6,017

At 31 May 2016

36,394

NET BOOK VALUE

At 31 May 2016

23,017

At 31 May 2015

12,992

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

1,000

Ordinary

£1

950