The Media Tank Limited Micro-entity accounts
The Media Tank Limited Micro-entity accounts
COMPANY REGISTRATION NUMBER
04060900
FOR
DIRECTOR'S REPORT
YEAR ENDED 31 AUGUST 2016
The director presents his report and the unaudited financial statements of the company for the year ended 31 August 2016.
PRINCIPAL ACTIVITIES
DIRECTOR
The director who served the company during the year was as follows:
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SMALL COMPANY PROVISIONS
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
Registered office:
Signed by order of the director
Company Secretary
Approved by the director on
16 May 2017
ACCOUNTANTS' INDEPENDENT ASSURANCE REPORT ON THE
UNAUDITED
FINANCIAL STATEMENTS
OF THE MEDIA TANK
LIMITED
YEAR ENDED 31 AUGUST 2016
We have reviewed the financial statements of
THE MEDIA TANK LIMITED
for the year ended
31 August 2016
which comprise the Profit and Loss Account, Balance Sheet and the related notes 1 to 1. The financial reporting framework that has been applied in their preparation is applicable law and the Financial Reporting Standard for Smaller Entities (effective January 2015) (United Kingdom Generally Accepted Accounting Practice applicable to Smaller Entities). This report is made solely to the company's director in accordance with the terms of our engagement letter dated 7 February 2014. Our review has been undertaken so that we may state to the company's director those matters we have agreed with them in our engagement letter and for no other purpose. To the fullest extent permitted by law, we do not accept or assume any responsibility to anyone other than the company and the company's director for our work, for this report or the conclusions we have formed.
DIRECTORS RESPONSIBILITY FOR THE FINANCIAL STATEMENTS
As explained more fully in the directors responsibilities statement, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view.
ACCOUNTANTS RESPONSIBILITY
Our responsibility is to express a conclusion based on our review of the financial statements. We conducted our review in accordance with International Standard on Review Engagements (ISRE) 2400 (Revised), Engagements to Review Historical Financial Statements, and ICAEW Technical Release TECH 09/13AAF. ISRE 2400 also requires us to comply with the ICAEW Code of Ethics.
SCOPE OF ASSURANCE REVIEW
A review of financial statements in accordance with ISRE 2400 (Revised) is a limited assurance engagement. We have performed additional procedures to those required under a compilation engagement. These primarily consist of making enquiries of management and others within the entity, as appropriate, applying analytical procedures and evaluating the evidence obtained. The procedures performed in a review are substantially less than those performed in an audit conducted in accordance with International Standards on Auditing (UK and Ireland). Accordingly, we do not express an audit opinion on these financial statements.
CONCLUSION
Based on our review, nothing has come to our attention that causes us to believe the financial statements have not been prepared:
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so as to give a true and fair view of the state of the company's affairs as at
31 August 2016
, and of its loss for the year then ended;
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in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) (United Kingdom Generally Accepted Accounting Practice applicable to Smaller Entities); and
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in accordance with the Companies Act 2006.
18 Mulberry Avenue
Chartered Accountants
Turnstone Business Park
Widnes
Cheshire
WA8 0WN
16 May 2017
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PROFIT AND LOSS ACCOUNT |
YEAR ENDED 31 AUGUST 2016
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2016 |
2015 |
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£ |
£ |
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Turnover |
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Staff costs |
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Depreciation and other amounts written off assets |
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Other charges |
16,359 |
18,724 |
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Tax |
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(LOSS)/PROFIT |
(
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--------- |
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BALANCE SHEET |
31 AUGUST 2016
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2016 |
2015 |
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£ |
£ |
£ |
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Fixed assets |
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------- |
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Current assets |
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Creditors: amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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Accruals and deferred income |
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Capital and reserves |
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Director's responsibilities:
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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
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements were approved and signed by the director and authorised for issue on
16 May 2017
.
Company Registration Number:
04060900
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MANAGEMENT INFORMATION |
YEAR ENDED 31 AUGUST 2016
The following page does not form part of the financial statements.
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DETAILED PROFIT AND LOSS ACCOUNT |
YEAR ENDED 31 AUGUST 2016
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2016 |
2015 |
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£ |
£ |
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TURNOVER |
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STAFF COSTS |
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DEPRECIATION AND OTHER AMOUNTS WRITTEN OFF ASSETS |
1,744 |
1,932 |
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OTHER CHARGES |
(16,359) |
(18,724) |
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54 |
7,556 |
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STAFF COSTS
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Direct wages |
480 |
15,338 |
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Directors salaries |
– |
6,300 |
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DEPRECIATION AND OTHER AMOUNTS WRITTEN OFF ASSETS
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Depreciation |
1,744 |
1,932 |
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OTHER CHARGES
DIRECT AND OTHER COSTS
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Direct costs |
15,877 |
18,146 |
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ESTABLISHMENT EXPENSES
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Repairs and maintenance (allowable) |
196 |
226 |
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GENERAL EXPENSES
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Office expenses |
164 |
192 |
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FINANCIAL COSTS
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Bank charges |
123 |
167 |
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FINANCE INCOME
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Bank interest receivable |
1 |
7 |
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