Ark Media Productions Limited - Accounts to registrar - small 16.3d

REGISTERED NUMBER: 06922471 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2016

FOR

ARK MEDIA PRODUCTIONS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr P Arkinstall

SECRETARY:

Mr P Arkinstall

REGISTERED OFFICE:

20 Welford Road

Sutton Coldfield

West Midlands

B73 5DP

REGISTERED NUMBER:

06922471 (England and Wales)

ACCOUNTANTS:

Brookes Stephens

New Media House

Davidson Road

Lichfield

Staffordshire

WS14 9DZ

Fixed assets

Tangible assets

4

8,882

8,652

Current assets

Stocks

-

2,838

Debtors

9,544

22,502

Cash at bank and in hand

4,527

3,981

14,071

29,321

Creditors

Amounts falling due within one year

19,771

24,115

Net current (liabilities)/assets

(5,700

)

5,206

Total assets less current liabilities

3,182

13,858

Provisions for liabilities

1,691

1,730

Net assets

1,491

12,128

Capital and reserves

Called up share capital

100

100

Retained earnings

1,391

12,028

Shareholders' funds

1,491

12,128

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 June 2016 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 14 February 2017 and were signed by:

Mr P Arkinstall - Director

1.	STATUTORY INFORMATION

Ark Media Productions Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced goods and 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 etc

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2015

22,707

Additions

3,191

At 30 June 2016

25,898

DEPRECIATION

At 1 July 2015

14,055

Charge for year

2,961

At 30 June 2016

17,016

NET BOOK VALUE

At 30 June 2016

8,882

At 30 June 2015

8,652

5.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2016

2015

£

£

Within one year

1,965

-

Between one and five years

2,156

-

4,121

-

6.	RELATED PARTY DISCLOSURES

During the year, total dividends of £33,767 (2015 - £20,981) were paid to the director .

At the year end the company owed the director £1,933 (2015: £1,314). This loan is interest free and repayable on

demand.