The TV Detective Limited - Period Ending 2016-07-31

Registration number: 06532189

The TV Detective Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 July 2016
 

Thompson Jenner LLP
Chartered Accountants
1 Colleton Crescent
Exeter
Devon
EX2 4DG

The TV Detective Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

The TV Detective Limited
(Registration number: 06532189)
Abbreviated Balance Sheet at 31 July 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			322			531
Current assets
Cash at bank and in hand					2,321			3,864
Creditors: Amounts falling due within one year					(10,105)			(10,631)
Net current liabilities					(7,784)			(6,767)
Net liabilities					(7,462)			(6,236)
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					(7,562)			(6,336)
Shareholders' deficit					(7,462)			(6,236)

For the year ending 31 July 2016 the company was entitled to exemption from audit 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

Approved by the director on 25 April 2017

S P Hall
 Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

The TV Detective Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Going concern

The company has net current liabilities and net liabilities. Included in creditors is a loan from the director to the company which will remain available for the forseeable future and the director confirms that the company will be able to meet its liabilities as they fall due. As such, the financial statements have been prepared on a going concern basis.

Turnover

Turnover represents royalty payments received.

Goodwill

Goodwill including intellectual property rights is the fair value of consideration paid for all rights to existing books in publications and future books to be marketed, published and written.


Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	over 5 years

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Computer equipment	33% straight line basis
Office equipment	20% straight line basis

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

The TV Detective Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2016
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 August 2015		8,000			2,280			10,280
At 31 July 2016		8,000			2,280			10,280
Depreciation
At 1 August 2015		8,000			1,749			9,749
Charge for the year		-			209			209
At 31 July 2016		8,000			1,958			9,958
Net book value
At 31 July 2016		-			322			322
At 31 July 2015		-			531			531

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 3