Abbreviated Company Accounts - CURRENT MEDIA LIMITED

Abbreviated Company Accounts - CURRENT MEDIA LIMITED

CURRENT MEDIA LIMITED - Company Information

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Registered Number 04108667

CURRENT MEDIA LIMITED

Abbreviated Accounts

30 June 2016

CURRENT MEDIA LIMITED Registered Number 04108667

Abbreviated Balance Sheet as at 30 June 2016

Notes 2016 2015
£ £
Fixed assets
Investments 2 254,908 254,908
254,908 254,908
Current assets
Debtors 10,270 -
Cash at bank and in hand 284 1,918
10,554 1,918
Creditors: amounts falling due within one year (240,999) (231,402)
Net current assets (liabilities) (230,445) (229,484)
Total assets less current liabilities 24,463 25,424
Creditors: amounts falling due after more than one year (23,917) (23,917)
Total net assets (liabilities) 546 1,507
Capital and reserves
Called up share capital 10 10
Profit and loss account 536 1,497
Shareholders' funds 546 1,507
  • For the year ending 30 June 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 29 March 2017

And signed on their behalf by:
A Herrington, Director

CURRENT MEDIA LIMITED Registered Number 04108667

Notes to the Abbreviated Accounts for the period ended 30 June 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 net invoiced sales of goods, excluding value added tax.

2Fixed assets Investments
Investments are stated at the lower of cost and net realisable value.