Abbreviated Company Accounts - FUSI MEDIA LIMITED

Registered Number 08643173

FUSI MEDIA LIMITED

Abbreviated Accounts

31 August 2016

FUSI MEDIA LIMITED Registered Number 08643173

Abbreviated Balance Sheet as at 31 August 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	9,287	14,030
		9,287	14,030
Current assets
Stocks		785	961
Debtors		464	483
Cash at bank and in hand		5,167	2,182
		6,416	3,626
Creditors: amounts falling due within one year		(9,316)	(936)
Net current assets (liabilities)		(2,900)	2,690
Total assets less current liabilities		6,387	16,720
Creditors: amounts falling due after more than one year		(8,290)	(26,619)
Total net assets (liabilities)		(1,903)	(9,899)
Capital and reserves
Called up share capital		100	100
Profit and loss account		(2,003)	(9,999)
Shareholders' funds		(1,903)	(9,899)

For the year ending 31 August 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 24 January 2017

And signed on their behalf by:
PAUL HAYTER, Director

FUSI MEDIA LIMITED Registered Number 08643173

Notes to the Abbreviated Accounts for the period ended 31 August 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 April 2008.

Turnover policy
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 25% straight line
Fixtures & Fittings 25% straight line
Computer & Office Equipments 50% straight line

Other accounting policies
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

2Tangible fixed assets

	£
Cost
At 1 September 2015	19,272
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2016	19,272
Depreciation
At 1 September 2015	5,242
Charge for the year	4,743
On disposals	-
At 31 August 2016	9,985
Net book values
At 31 August 2016	9,287
At 31 August 2015	14,030

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 25% straight line
Fixtures & Fittings 25% straight line
Computer & Office Equipments 50% straight line