GREY_SQUARE_MEDIA_(2014)_ - Accounts

GREY SQUARE MEDIA (2014) LTD - Company Information

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Company Registration No. 09020744 (England and Wales)

GREY SQUARE MEDIA (2014) LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MARCH 2016

GREY SQUARE MEDIA (2014) LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

GREY SQUARE MEDIA (2014) LTD

ABBREVIATED BALANCE SHEET

AS AT

30 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

Current assets

Stocks

31,188

Debtors

35,876

30,850

Cash at bank and in hand

299

2,429

67,363

64,467

Creditors: amounts falling due within one year

(232,981)

(237,596)

Net current liabilities

(165,618)

(173,129)

Total assets less current liabilities

(165,617)

(173,128)

Capital and reserves

Called up share capital

100

Profit and loss account

(165,717)

(173,228)

Shareholders' funds

(165,617)

(173,128)

For the financial year ended 30 March 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 financial statements for the year in question in accordance with section 476;

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

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 22 March 2017

D Dargan

Director

Company Registration No. 09020744

GREY SQUARE MEDIA (2014) LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

These accounts have been prepared on a going concern basis on the assumption that the directors will continue to financially support the company.

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% straight line

1.4

Stock

Stock is valued at the lower of cost and net realisable value.

1.5

Deferred taxation

Deferred taxation is recognised in respect of all timing differences which have originated but not reversed at the balance sheet date. Timing differences are differences between taxable profits and the results as stated in the financial statements which arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised for tax purposes.

Deferred tax is measured at the average tax rates which are expected to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws which have been enacted or substantively enacted by the balance sheet date. Deferred tax is measured on a non-discounted basis.

Fixed assets

Tangible assets

Cost

At 31 March 2015 & at 30 March 2016

At 30 March 2015

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100