Curu Media Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 07824242 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2016

FOR

CURU MEDIA LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

C Norris

REGISTERED OFFICE:

Skyview House

10 St Neots Road

Sandy

Bedfordshire

SG19 1LB

REGISTERED NUMBER:

07824242 (England and Wales)

ACCOUNTANTS:

The Blue Skies Partnership

Skyview House

10 St Neots Road

Sandy

Bedfordshire

SG19 1LB

BANKERS:

HSBC Bank Plc

Lion House

25 Islington High Street

Islington

London

N1 9LJ

FIXED ASSETS

Tangible assets

2

1,098

1,134

CURRENT ASSETS

Debtors

39,375

6,647

Cash at bank

77,773

91,520

117,148

98,167

CREDITORS

Amounts falling due within one year

(36,581

)

(30,243

)

NET CURRENT ASSETS

80,567

67,924

TOTAL ASSETS LESS CURRENT LIABILITIES

81,665

69,058

PROVISIONS FOR LIABILITIES

(220

)

(227

)

NET ASSETS

81,445

68,831

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

81,444

68,830

SHAREHOLDERS' FUNDS

81,445

68,831

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 26 January 2017 and were signed by:

C Norris - 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 and revenue recognition

Turnover represents fees received for work done during the year, excluding value added tax.

Fee income represents revenue earned under a wide variety of contracts to provide television and media

production services. Revenue is recognised as earned when, and to the extent that, the firm obtains the right to

consideration in exchange for its performance under these contracts. It is measured at the fair value of the right

to consideration, which represents amounts chargeable to clients, including expenses and disbursements but

excluding value added tax.

Fee income that is contingent on events outside the control of the firm, is recognised when the contingent event

occurs.

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

-

33% on cost and 20% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

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 November 2015

2,971

Additions

699

At 31 October 2016

3,670

DEPRECIATION

At 1 November 2015

1,837

Charge for year

735

At 31 October 2016

2,572

NET BOOK VALUE

At 31 October 2016

1,098

At 31 October 2015

1,134

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.16

31.10.15

value:

£

£

1

Ordinary

£1

1

1

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Amounts of £81,598 (2015: £12,408) were advanced interest free, and repayable on demand, to the director

during the year. At the year end, £37,225 (2015: £6,167) was owed by the director to the company.

5.	ULTIMATE CONTROLLING PARTY

The controlling party is C Norris.