Accounts Submission

Accounts Submission

LAMPPOST BANNERS LTD - Company Information

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PROMPT MEDIA LTD

Company Registration Number:
07414210 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 August 2015

End date: 31 July 2016

PROMPT MEDIA LTD

Abbreviated Balance sheet

As at 31 July 2016


Notes
2016
£
2015
£
Fixed assets
Tangible assets: 2 2,271 2,645
Total fixed assets: 2,271 2,645
Current assets
Stocks: 1,000 100
Cash at bank and in hand: 36,484 19,242
Total current assets: 37,484 19,342
Creditors: amounts falling due within one year: ( 25,485 ) ( 18,664 )
Net current assets (liabilities): 11,999 678
Total assets less current liabilities: 14,270 3,323
Total net assets (liabilities): 14,270 3,323

The notes form part of these financial statements

PROMPT MEDIA LTD

Balance sheet continued

As at 31 July 2016


Notes
2016
£
2015
£
Capital and reserves
Called up share capital: 3 1 1
Profit and loss account: 14,269 3,322
Shareholders funds: 14,270 3,323

For the year ending 31 July 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 and in accordance with the Financial Reporting Standard for Smaller Entities 2015.

The financial statements were approved by the Board of Directors on 26 April 2017

SIGNED ON BEHALF OF THE BOARD BY:

Name: Kaushal Ashok Shah
Status: Director

The notes form part of these financial statements

PROMPT MEDIA LTD

Notes to the Abbreviated Accounts

for the Period Ended 31 July 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    Basis of measurement and preperation of accounts The financial statements are prepared under the historical cost of
    conversion and in accordance with the Financial Reporting Standards for Smaller Entities (effective April 2008). The
    financial statements have been prepared on the going concern basis. The Directors consider that, in preparing these
    financial statements, they have taken into account all information that could reasonable be expected to be available. On
    this basis, they consider it appropriate to prepare the accounts on a going concern basis. The financial statements are
    prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdon Generally Accepted
    Accounting Practice), which have been applied consistently (except as otherwise stated)

    Turnover policy

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

    Tangible fixed assets depreciation policy

    angible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write
    off the cost or the valuation less estimated residual value of each asset over its expected useful life, as follows: Office
    Equipment 25% straight line basis, Fixtures and Fittings 25% straight line basis

PROMPT MEDIA LTD

Notes to the Abbreviated Accounts

for the Period Ended 31 July 2016

  • 2. Tangible assets

    Total
    Cost £
    01 August 2015: 2,645
    Additions: 287
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    31 July 2016: 2,932
    Depreciation
    01 August 2015: 0
    Charge for year: 661
    On disposals: 0
    Other adjustments: 0
    31 July 2016: 661
    Net book value
    31 July 2016: 2,271
    31 July 2015: 2,645

PROMPT MEDIA LTD

Notes to the Abbreviated Accounts

for the Period Ended 31 July 2016

  • 3. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 100 0.01 1
    Preference shares: 0
    Total share capital (£): 1
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 100 0.01 1
    Preference shares: 0
    Total share capital (£): 1