Positive Media Consultancy Limited Company Accounts
Positive Media Consultancy Limited Company Accounts
COMPANY REGISTRATION NUMBER:
04846724
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for the year ended |
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Financial Statements |
for the year ended 31st March 2017
Contents |
Pages |
Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements |
1 |
Statement of financial position |
2 to 3 |
Notes to the financial statements |
4 to 8 |
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Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
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for the year ended 31st March 2017
Bank House
Broad Street
Spalding
PE11 1TB
Dated:
22 December 2017
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Statement of Financial Position |
as at
31 March 2017
2017 |
2016 |
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Note |
£ |
£ |
£ |
£ |
Fixed assets
Intangible assets |
6 |
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Tangible assets |
7 |
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Current assets
Debtors |
8 |
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Cash at bank and in hand |
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----------- |
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Creditors: amounts falling due within one year |
9 |
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Net current liabilities |
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Net (liabilities)/assets |
(
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Capital and reserves
Called up share capital |
10 |
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Profit and loss account |
(
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Shareholders (deficit)/funds |
(
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In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
Directors' responsibilities:
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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
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
as at
31 March 2017
These financial statements were approved by the
board of directors
and authorised for issue on
22 December 2017
, and are signed on behalf of the board by:
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Director |
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Company registration number:
04846724
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Notes to the Financial Statements |
for the year ended 31st March 2017
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 174 Folksworth Road, Norman Cross, Peterborough, Cambs, PE7 3SR.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1st April 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 12.
Revenue recognition
Income tax
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill |
- |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Furniture and equipment |
- |
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Computer equipment |
- |
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Impairment of fixed assets
Financial instruments
4.
Staff costs
The average number of persons employed by the company during the year amounted to
2
(2016:
2
).
5.
Dividends
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year):
2017 |
2016 |
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£ |
£ |
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Equity dividends on ordinary shares |
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6.
Intangible assets
Goodwill |
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£ |
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Cost |
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At 1st April 2016 and 31st March 2017 |
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----------- |
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Amortisation |
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At 1st April 2016 |
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Charge for the year |
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----------- |
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At 31st March 2017 |
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----------- |
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Carrying amount |
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At 31st March 2017 |
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----------- |
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At 31st March 2016 |
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7.
Tangible assets
Furniture and equipment |
Computer equipment |
Total |
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£ |
£ |
£ |
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Cost |
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At 1st April 2016 and 31st March 2017 |
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Depreciation |
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At 1st April 2016 |
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Charge for the year |
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----------- |
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At 31st March 2017 |
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Carrying amount |
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At 31st March 2017 |
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At 31st March 2016 |
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8.
Debtors
2017 |
2016 |
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£ |
£ |
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Trade debtors |
– |
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Directors loan accounts |
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9.
Creditors:
amounts falling due within one year
2017 |
2016 |
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£ |
£ |
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Trade creditors |
– |
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Accruals and deferred income |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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10.
Called up share capital
Issued, called up and fully paid
2017 |
2016 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
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11.
Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2017 |
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Balance brought forward |
Advances/ (credits) to the directors |
Amounts repaid |
Balance outstanding |
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£ |
£ |
£ |
£ |
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Director
|
(
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(
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(
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2016 |
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Balance brought forward |
Advances/ (credits) to the directors |
Amounts repaid |
Balance outstanding |
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£ |
£ |
£ |
£ |
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Director
|
(
|
(
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(
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----------- |
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12.
Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1st April 2015.
No transitional adjustments were required in equity or profit or loss for the year.