PAUL MILL TELEVISION LTD Small abbreviated accounts

PAUL MILL TELEVISION LIMITED - Company Information

FY Private Limited Company Company accounts 2017-03-15 2017-03-15 false true false false false false false false false false true false true true 2015-07-01 true xbrli:pure xbrli:shares iso4217:GBP 04788751 2015-07-01 2016-06-30 04788751 2016-06-30 04788751 2015-06-30 04788751 2015-06-30 04788751 uk-gaap:FixturesFittings 2015-07-01 2016-06-30 04788751 uk-gaap:MotorVehicles 2015-07-01 2016-06-30 04788751 uk-gaap:OfficeEquipment 2015-07-01 2016-06-30 04788751 uk-gaap:NetGoodwill 2015-07-01 2016-06-30 04788751 uk-bus:OrdinaryShareClass1 2015-07-01 2016-06-30 04788751 uk-bus:Director1 2015-07-01 2016-06-30 04788751 uk-gaap:AllSubsidiaries 2015-07-01 2016-06-30 04788751 uk-bus:OrdinaryShareClass1 2016-06-30 04788751 uk-bus:OrdinaryShareClass1 2015-06-30 04788751 uk-lang:English 2015-07-01 2016-06-30 04788751 uk-curr:PoundSterling 2015-07-01 2016-06-30

COMPANY REGISTRATION NUMBER 04788751

PAUL MILL TELEVISION LTD

ABBREVIATED ACCOUNTS

30 June 2016

PAUL MILL TELEVISION LTD

ABBREVIATED BALANCE SHEET

30 June 2016

		2016		2015
Note		£	£	£	£
FIXED ASSETS	2
Intangible assets			21,500		24,500
Tangible assets			3,623		5,062
			----------		----------
			25,123		29,562

CURRENT ASSETS

Stocks	39,149		18,850
Debtors	542		-
Cash at bank and in hand	830		2,652
	----------		----------
	40,521		21,502
CREDITORS: Amounts falling due within one year	43,739		28,915
	----------		----------
NET CURRENT LIABILITIES		( 3,218)		( 7,413)
		----------		----------
TOTAL ASSETS LESS CURRENT LIABILITIES		21,905		22,149

CREDITORS: Amounts falling due after more than one year	7,885	9,920
	----------	----------
	14,020	12,229
	----------	----------

CAPITAL AND RESERVES

Called up equity share capital	3	25,000	25,000
Profit and loss account		( 10,980)	( 12,771)
		----------	----------
SHAREHOLDERS' FUNDS		14,020	12,229
		----------	----------

For the year ended 30th June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved by the directors and authorised for issue on 15 March 2017 , and are signed on their behalf by:

Mr P C Mill

Company Registration Number: 04788751

PAUL MILL TELEVISION LTD

NOTES TO THE ABBREVIATED ACCOUNTS

YEAR ENDED 30TH JUNE 2016

1. ACCOUNTING POLICIES

Basis of accounting

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

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Goodwill-5% straight line

Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings-20% straight line

Motor Vehicles-25% Reducing balance method

Equipment-20% straight line

Work in progress

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Hire purchase agreements

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

2. FIXED ASSETS

Intangible Assets	Tangible Assets	Total
£	£	£

COST

At 1st July 2015 and 30th June 2016	60,000	32,311	92,311
	----------	----------	----------

DEPRECIATION

At 1st July 2015	35,500	27,249	62,749
Charge for year	3,000	1,439	4,439
	----------	----------	----------
At 30th June 2016	38,500	28,688	67,188
	----------	----------	----------

NET BOOK VALUE

At 30th June 2016	21,500	3,623	25,123
	----------	--------	----------

At 30th June 2015	24,500	5,062	29,562
	----------	--------	----------

3. SHARE CAPITAL

Allotted, called up and fully paid:

	2016		2015
	No.	£	No.	£
Ordinary shares of £ 1 each	25,000	25,000	25,000	25,000
	----------	----------	----------	----------