Nameless Media Group Limited - Period Ending 2016-09-30

Registration number: 03839411

Nameless Media Group Limited
 
  Unaudited Abbreviated Accounts
 
  for the Year Ended 30 September 2016
 

Balance Accounts Limited
Chartered Certified Accountants
28 Brock Street
Bath
BA1 2LN

Nameless Media Group Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 5

Nameless Media Group Limited
(Registration number: 03839411)
Abbreviated Balance Sheet at 30 September 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					10,848			15,017
Current assets
Debtors					195,557			159,897
Cash at bank and in hand					60,128			27,000
					255,685			186,897
Creditors: Amounts falling due within one year					(169,786)			(128,940)
Net current assets					85,899			57,957
Total assets less current liabilities					96,747			72,974
Creditors: Amounts falling due after more than one year					(2,167)			(2,710)
Provisions for liabilities					(1,808)			(3,526)
Net assets					92,772			66,738
Capital and reserves
Called up share capital		4			5,241			5,241
Share premium account					27,494			27,494
Capital redemption reserve					213			213
Profit and loss account					59,824			33,790
Shareholders' funds					92,772			66,738

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 30 June 2017 and signed on its behalf by:

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 1

Nameless Media Group Limited
(Registration number: 03839411)
Abbreviated Balance Sheet at 30 September 2016
......... continued

.........................................
J Chakrabarti-Gallemore
Director

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 2

Nameless Media Group Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Government grants

Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments. Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Intangible Fixed Assets	The domain name was amortised on a 20% straight line basis

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures & fittings	50% or 25% on a reducing balance basis
Vehicles	25% on a reducing balance basis
Office equipment	50% or 25% on a reducing balance basis

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Page 3

Nameless Media Group Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... continued

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 October 2015		4,000			110,850			114,850
Additions		-			1,452			1,452
Disposals		-			(375)			(375)
At 30 September 2016		4,000			111,927			115,927
Depreciation
At 1 October 2015		4,000			95,833			99,833
Charge for the year		-			5,362			5,362
Eliminated on disposals		-			(116)			(116)
At 30 September 2016		4,000			101,079			105,079
Net book value
At 30 September 2016		-			10,848			10,848
At 30 September 2015		-			15,017			15,017

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

2016 £

2015 £

Page 4

Nameless Media Group Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... continued

4	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		1,266			1,266			1,266			1,266
Ordinary C of £1 each		1,546			1,546			1,546			1,546
Ordinary D of £1 each		1,497			1,497			1,497			1,497
Ordinary E of £1 each		222			222			222			222
Ordinary F of £1 each		710			710			710			710
		5,241			5,241			5,241			5,241

5

Control

It is the view of the directors that there is no ultmate controlling party .

Page 5