Abbreviated Company Accounts - CORNISH MEDIA INDUSTRIES LIMITED

Abbreviated Company Accounts - CORNISH MEDIA INDUSTRIES LIMITED

CORNISH MEDIA INDUSTRIES LIMITED - Company Information

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Registered Number 06983341

CORNISH MEDIA INDUSTRIES LIMITED

Abbreviated Accounts

31 August 2016

CORNISH MEDIA INDUSTRIES LIMITED Registered Number 06983341

Abbreviated Balance Sheet as at 31 August 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 1,282 7,619
1,282 7,619
Current assets
Debtors - 29,177
Cash at bank and in hand 940 -
940 29,177
Prepayments and accrued income 31,804 24,095
Creditors: amounts falling due within one year (168,918) (114,243)
Net current assets (liabilities) (136,174) (60,971)
Total assets less current liabilities (134,892) (53,352)
Creditors: amounts falling due after more than one year (43,463) (49,775)
Accruals and deferred income (1,515) (822)
Total net assets (liabilities) (179,870) (103,949)
Capital and reserves
Called up share capital 1 1
Profit and loss account (179,871) (103,950)
Shareholders' funds (179,870) (103,949)
  • For the year ending 31 August 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 15 June 2017

And signed on their behalf by:
Dorian Spackman, Director

CORNISH MEDIA INDUSTRIES LIMITED Registered Number 06983341

Notes to the Abbreviated Accounts for the period ended 31 August 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and comply with financial reporting standards of the Accounting Standards Board.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life

2Tangible fixed assets
£
Cost
At 1 September 2015 14,834
Additions 106
Disposals (8,660)
Revaluations -
Transfers -
At 31 August 2016 6,280
Depreciation
At 1 September 2015 7,215
Charge for the year 1,247
On disposals (3,464)
At 31 August 2016 4,998
Net book values
At 31 August 2016 1,282
At 31 August 2015 7,619