Power Entertainment Media Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05069961 (England and Wales)

Abbreviated Unaudited Accounts

for the Period

1 April 2015 to 30 September 2016

for

POWER ENTERTAINMENT MEDIA LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J N Bodle

I C Cousins

REGISTERED OFFICE:

34 Gresse Street

London

W1T 1QX

REGISTERED NUMBER:

05069961 (England and Wales)

ACCOUNTANTS:

Ward Mackenzie

Chartered Accountants

Oxford House

15-17 Mount Ephraim Road

Tunbridge Wells

Kent

TN1 1EN

FIXED ASSETS

Tangible assets

2

7,173

13,000

CURRENT ASSETS

Stocks

-

7,090,000

Debtors

1,940,257

1,719,001

Prepayments and accrued income

55,176

-

Cash at bank

44,811

708,000

2,040,244

9,517,001

CREDITORS

Amounts falling due within one year

(1,500,538

)

(1,100,000

)

NET CURRENT ASSETS

539,706

8,417,001

TOTAL ASSETS LESS CURRENT
LIABILITIES

546,879

8,430,001

CREDITORS

Amounts falling due after more than one
year

-

(16,927,000

)

ACCRUALS AND DEFERRED INCOME

(490,208

)

-

NET ASSETS/(LIABILITIES)

56,671

(8,496,999

)

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

56,670

(8,497,000

)

SHAREHOLDERS' FUNDS

56,671

(8,496,999

)

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

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

The directors acknowledge their 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 Board of Directors on 7 July 2017 and were signed on its behalf by:

I C Cousins - 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 invoiced sales of goods, 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.

Improvements to property

-

25% on cost

Fixtures and fittings

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

449,000

Additions

3,292

At 30 September 2016

452,292

DEPRECIATION

At 1 April 2015

436,000

Charge for period

9,119

At 30 September 2016

445,119

NET BOOK VALUE

At 30 September 2016

7,173

At 31 March 2015

13,000

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.16

31.3.15

value:

£

1

Ordinary

1