Abbreviated Company Accounts - EDIT CONCEPTS (UK) LIMITED

EDIT CONCEPTS (UK) LIMITED - Company Information

Registered Number 08815435

EDIT CONCEPTS (UK) LIMITED

Abbreviated Accounts

30 September 2016

EDIT CONCEPTS (UK) LIMITED Registered Number 08815435

Abbreviated Balance Sheet as at 30 September 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets	2	58,740	95,420
Tangible assets	3	31,145	50,913
		89,885	146,333
Current assets
Stocks		42,687	54,273
Debtors		93,952	111,287
Investments		-	-
Cash at bank and in hand		3,172	11,857
		139,811	177,417
Prepayments and accrued income		51,198	-
Creditors: amounts falling due within one year		(331,652)	(315,829)
Net current assets (liabilities)		(140,643)	(138,412)
Total assets less current liabilities		(50,758)	7,921
Creditors: amounts falling due after more than one year		(556,943)	(488,492)
Total net assets (liabilities)		(607,701)	(480,571)
Capital and reserves
Called up share capital		1	1
Profit and loss account		(607,702)	(480,572)
Shareholders' funds		(607,701)	(480,571)

For the year ending 30 September 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 20 June 2017

And signed on their behalf by:
Simon Hersh, Director

EDIT CONCEPTS (UK) LIMITED Registered Number 08815435

Notes to the Abbreviated Accounts for the period ended 30 September 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the rights to consideration.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter, Plant and equipment: 15% on cost; fixtures and fittings: 25% on cost; motor vehicles: 25% on cost; motor vehicles: 25% on cost; office equipment: 12% on cost.

Intangible assets amortisation policy
Goodwill is amortised over what the Company believes to be its useful life. In this case 10 years.

2Intangible fixed assets

	£
Cost
At 1 October 2015	130,600
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2016	130,600
Amortisation
At 1 October 2015	35,180
Charge for the year	36,680
On disposals	-
At 30 September 2016	71,860
Net book values
At 30 September 2016	58,740
At 30 September 2015	95,420

3Tangible fixed assets

	£
Cost
At 1 October 2015	72,805
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2016	72,805
Depreciation
At 1 October 2015	21,892
Charge for the year	19,768
On disposals	-
At 30 September 2016	41,660
Net book values
At 30 September 2016	31,145
At 30 September 2015	50,913