PLAY MEDIA DISTRIBUTION LIMITED

PLAY MEDIA DISTRIBUTION LIMITED

PLAY MEDIA DISTRIBUTION LIMITED - Company Information

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Company Registration No. 06663509 (England and Wales)
PLAY MEDIA DISTRIBUTION LIMITED Unaudited accounts for the period from 1 January 2016 to 30 December 2016
PLAY MEDIA DISTRIBUTION LIMITED Unaudited accounts Contents
Page
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PLAY MEDIA DISTRIBUTION LIMITED Company Information for the period from 1 January 2016 to 30 December 2016
Directors
Bartosz DRYZNER Ewa Aneta DRYZNER
Company Number
06663509 (England and Wales)
Registered Office
UNIT 17 LITTLETON ROAD LITTLETON HOUSE ASHFORD MIDDLESEX TW15 1UU
Accountants
Archer Accountants Ltd Unit 1 63 Jeddo Road London London W12 9EE
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PLAY MEDIA DISTRIBUTION LIMITED Statement of financial position as at 30 December 2016
2016 
2015 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
5,759 
6,889 
Current assets
Inventories
5
49,990 
58,320 
Debtors
6
23,293 
12,243 
Cash at bank and in hand
856 
1,822 
74,139 
72,385 
Creditors: amounts falling due within one year
7
(37,250)
(70,986)
Net current assets
36,889 
1,399 
Total assets less current liabilities
42,648 
8,288 
Creditors: amounts falling due after more than one year
8
(51,818)
(5,729)
Net (liabilities)/assets
(9,170)
2,559 
Capital and reserves
Called up share capital
9
100 
100 
Profit and loss account
(9,270)
2,459 
Shareholders' funds
(9,170)
2,559 
For the period ending 30 December 2016 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 24 November 2017.
Ewa Aneta DRYZNER Director Company Registration No. 06663509
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PLAY MEDIA DISTRIBUTION LIMITED Notes to the Accounts for the period from 1 January 2016 to 30 December 2016
1
Statutory information
PLAY MEDIA DISTRIBUTION LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06663509. The registered office is UNIT 17 LITTLETON ROAD, LITTLETON HOUSE, ASHFORD, MIDDLESEX, TW15 1UU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the period from 1 January 2016 to 30 December 2016 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 31 August 2015. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
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PLAY MEDIA DISTRIBUTION LIMITED Notes to the Accounts for the period from 1 January 2016 to 30 December 2016
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2016
11,990 
834 
10,414 
23,238 
Additions
- 
292 
498 
790 
At 30 December 2016
11,990 
1,126 
10,912 
24,028 
Depreciation
At 1 January 2016
10,380 
70 
5,899 
16,349 
Charge for the period
403 
264 
1,253 
1,920 
At 30 December 2016
10,783 
334 
7,152 
18,269 
Net book value
At 30 December 2016
1,207 
792 
3,760 
5,759 
At 31 December 2015
1,610 
764 
4,515 
6,889 
5
Inventories
2016 
2015 
£ 
£ 
Finished goods
49,990 
58,320 
49,990 
58,320 
6
Debtors
2016 
2015 
£ 
£ 
Trade debtors
2,834 
3,523 
Accrued income and prepayments
1,900 
1,900 
Other debtors
18,559 
6,820 
23,293 
12,243 
7
Creditors: amounts falling due within one year
2016 
2015 
£ 
£ 
Bank loans and overdrafts
6,939 
16,305 
Trade creditors
44,798 
49,206 
Taxes and social security
(145)
2,225 
Loans from directors
(19,242)
- 
Accruals
4,900 
3,250 
37,250 
70,986 
8
Creditors: amounts falling due after more than one year
2016 
2015 
£ 
£ 
Bank loans
51,818 
5,729 
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PLAY MEDIA DISTRIBUTION LIMITED Notes to the Accounts for the period from 1 January 2016 to 30 December 2016
9
Share capital
2016 
2015 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Average number of employees
During the period the average number of employees was 3 (2015: 3).
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