C2o Media Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 06626500 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 June 2016

for

C2o Media Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

to

4

DIRECTOR:

Mr O M Loveridge

REGISTERED OFFICE:

1-6 St Mary's Court

High Street

Newmarket

Suffolk

CB8 8HQ

REGISTERED NUMBER:

06626500 (England and Wales)

ACCOUNTANTS:

Knights Lowe

Chartered Accountants

Eldo House, Kempson Way

Suffolk Business Park

Bury St Edmunds

Suffolk

IP32 7AR

BANKERS:

Barclays Bank plc

14 Bene't Street

Cambridge

CB2 3PZ

FIXED ASSETS

Tangible assets

2

22,631

22,455

CURRENT ASSETS

Debtors

403,333

386,498

Cash at bank

692,735

711,831

1,096,068

1,098,329

CREDITORS

Amounts falling due within one year

369,896

382,642

NET CURRENT ASSETS

726,172

715,687

TOTAL ASSETS LESS CURRENT LIABILITIES

748,803

738,142

PROVISIONS FOR LIABILITIES

3,596

2,139

NET ASSETS

745,207

736,003

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

745,206

736,002

SHAREHOLDERS' FUNDS

745,207

736,003

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the
end of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 2 June 2017 and were signed by:

Mr O M Loveridge - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange

ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating

result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to the profit and loss account in the period to which they relate.

Impairment

At each reporting date, goodwill and other fixed assets, including tangible fixed assets and investments but

excluding investment properties, are assessed to determine whether there is an indication that the carrying

amount of an asset may be more than its recoverable amount and that the asset should be impaired. If there is

an indication of possible impairment, the recoverable amount of an asset, which is the higher of its value in

use and its net realisable value, is estimated and compared with its carrying amount. If the recoverable

amount is lower, the carrying amount of the asset is written down to its estimated recoverable amount and an

impairment loss is recognised in profit and loss.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

33,516

Additions

11,846

Disposals

(5,500

)

At 30 June 2016

39,862

DEPRECIATION

At 1 July 2015

11,061

Charge for year

7,803

Eliminated on disposal

(1,633

)

At 30 June 2016

17,231

NET BOOK VALUE

At 30 June 2016

22,631

At 30 June 2015

22,455

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1

Ordinary

£1

1

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2016 and

30 June 2015:

2016

2015

£

Mr O M Loveridge

Balance outstanding at start of year

-

Amounts advanced

1,970

-

Amounts repaid

(1,970

)

-

Balance outstanding at end of year

-