Oakhill Media Limited - Limited company accounts 16.1

REGISTERED NUMBER: 04331700 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 December 2016

for

Oakhill Media Limited

Page

Company information

1

Report of the director

2

Profit and loss account

3

Balance sheet

4

Notes to the financial statements

5

Director:

P W Hicks

Registered office:

6 The Roughs

Northwood

Middlesex

HA6 3DF

Registered number:

04331700 (England and Wales)

Accountants:

Timewise Limited t/a George & Co.

Chartered Accountants

6 The Roughs

Northwood

Middlesex

HA6 3DF

The director presents his report with the financial statements of the company for the year ended 31 December 2016.

Principal activity

The principal activity of the company in the year under review was that of publishers and conference

organisers.

Director

P W Hicks held office during the whole of the period from 1 January 2016 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006

relating to small companies.

On behalf of the board:

P W Hicks - Director

16 September 2017

Turnover

342,460

448,010

Cost of sales

49,556

88,444

Gross profit

292,904

359,566

Administrative expenses

347,210

350,486

(54,306

)

9,080

Other operating income

2,750

2,000

Operating (loss)/profit and

(Loss)/profit on ordinary activities
before taxation

2

(51,556

)

11,080

Tax on (loss)/profit on ordinary
activities

3

-

(Loss)/profit for the financial year

(51,556

)

11,080

Fixed assets

Tangible assets

4

363

519

Current assets

Debtors

5

8,667

11,183

Cash at bank and in hand

14,073

39,332

22,740

50,515

Creditors

Amounts falling due within one year

6

62,481

38,856

Net current (liabilities)/assets

(39,741

)

11,659

Total assets less current liabilities

(39,378

)

12,178

Capital and reserves

Called up share capital

7

100

Profit and loss account

8

(39,478

)

12,078

Shareholders' funds

(39,378

)

12,178

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements were approved by the director on 16 September 2017 and were signed by:

P W Hicks - 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.

Deferred tax

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

at the balance sheet date.

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.	Operating (loss)/profit

The operating loss (2015 - operating profit) is stated after charging/(crediting):

31.12.16

31.12.15

£

Depreciation - owned assets

156

222

Foreign exchange differences

(2,084

)

5,598

Pension costs

1,330

-

Director's remuneration and other benefits etc

133,800

131,300

3.

Taxation

Analysis of the tax charge

No liability to UK corporation tax arose on ordinary activities for the year ended

31 December 2016 nor for the year ended 31 December 2015.

4.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 January 2016

and 31 December 2016

20,801

Depreciation

At 1 January 2016

20,282

Charge for year

156

At 31 December 2016

20,438

Net book value

At 31 December 2016

363

At 31 December 2015

519

5.

Debtors: amounts falling due within one year

31.12.16

31.12.15

£

Trade debtors

3,250

5,275

Other debtors

5,417

5,908

8,667

11,183

6.

Creditors: amounts falling due within one year

31.12.16

31.12.15

£

Trade creditors

575

451

Taxation and social security

31,260

32,150

Other creditors

30,646

6,255

62,481

38,856

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.16

31.12.15

value:

£

100

A Ordinary

£1

100

8.

Reserves

Profit

and loss

account

£

At 1 January 2016

12,078

Deficit for the year

(51,556

)

At 31 December 2016

(39,478

)