Social Media Boom Limited - Abbreviated accounts

Registered number

07510338

Social Media Boom Limited

Abbreviated Accounts

31 May 2016

Social Media Boom Limited

Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Social Media Boom Limited for the year ended 31 May 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Social Media Boom Limited for the year ended 31 May 2016 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation.

Moore Accountancy
Chartered Accountants
1 Northway
Altrincham
Cheshire
WA14 1NN

23 February 2017

Social Media Boom Limited
Registered number:		07510338
Abbreviated Balance Sheet
as at 31 May 2016

Notes			2016			2015
£				£
Current assets
Debtors		2,200			706
Cash at bank and in hand		-			439
		2,200			1,145

Creditors: amounts falling due within one year		(1,214)			(1,500)

Net current assets/(liabilities)			986			(355)

Net assets/(liabilities)			986			(355)

Capital and reserves
Called up share capital	3		2			2
Profit and loss account			984			(357)

Shareholder's funds			986			(355)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Naomi Timperley
Director
Approved by the board on 23 February 2017

Social Media Boom Limited
Notes to the Abbreviated Accounts
for the year ended 31 May 2016

1	Accounting policies

	Basis of preparation
	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
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Contracts for services
	Where the substance of a contract is that the contractual obligations are performed gradually over time, revenue is recognised as contract activity progresses to reflect the partial performance of our contractual obligations. The amount of revenue included reflects the accrual of the right to consideration as contract activity progresses by reference to value of the work performed.


2	Tangible fixed assets					£

	Cost
	Disposals					(399)
	At 31 May 2016					-

	Depreciation
	On disposals					(399)
	At 31 May 2016					-

	Net book value
	At 31 May 2016					-


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		2		2		2


4	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Naomi Timperley
	Director Loan	(1,100)		4,712		(3,912)		(300)

		(1,100)		4,712		(3,912)		(300)