PUNK_PUBLISHING_LIMITED - Accounts

HIPCAMP UK LIMITED - Company Information

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Company Registration No. 05577942 (England and Wales)

PUNK PUBLISHING LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

PUNK PUBLISHING LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

PUNK PUBLISHING LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

20,211

25,484

Current assets

Stocks

7,983

20,348

Debtors

82,083

76,138

Cash at bank and in hand

64,106

22,060

154,172

118,546

Creditors: amounts falling due within one year

(183,721)

(83,044)

Net current liabilities/(assets)

(29,549)

35,502

Total assets less current liabilities

(9,338)

60,986

Creditors: amounts falling due after more than one year

(63,544)

(72,882)

60,986

Capital and reserves

Called up share capital

1,160

Share premium account

59,090

Profit and loss account

(133,132)

736

Shareholders' funds

(72,882)

60,986

For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 14 June 2017

J. Knight

Director

Company Registration No. 05577942

PUNK PUBLISHING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% reducing balance

Computer equipment

20% straight line

Booking system

20% straight line

1.5

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.6

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Fixed assets

Tangible assets

Cost

At 1 October 2015 & at 30 September 2016

40,198

Depreciation

At 1 October 2015

14,714

Charge for the year

5,273

At 30 September 2016

19,987

Net book value

At 30 September 2016

20,211

At 30 September 2015

25,484

PUNK PUBLISHING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

1,160 Ordinary of £1 each

1,160