MAVERICK MEDIA LIMITED

MAVERICK MEDIA LIMITED

MAVERICK MEDIA LIMITED - Company Information

Print Friendly Version

MAVERICK MEDIA LIMITED

Company Registration Number:
03068959 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2017

Period of accounts

Start date: 01 June 2016

End date: 31 May 2017

MAVERICK MEDIA LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2017

Balance sheet
Notes

MAVERICK MEDIA LIMITED

Balance sheet

As at 31 May 2017


Notes
2017
2016


£
£
Fixed assets
Tangible assets: 3 10,062 2,344
Total fixed assets: 10,062 2,344
Current assets
Stocks:   46,539
Debtors:   306,741 185,662
Cash at bank and in hand: 373,705 413,666
Total current assets: 680,446 645,867
Creditors: amounts falling due within one year:   (130,119) (105,476)
Net current assets (liabilities): 550,327 540,391
Total assets less current liabilities: 560,389 542,735
Total net assets (liabilities): 560,389 542,735
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 560,289 542,635
Shareholders funds: 560,389 542,735

The notes form part of these financial statements

MAVERICK MEDIA LIMITED

Balance sheet statements

For the year ending 31 May 2017 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 23 August 2017
and signed on behalf of the board by:

Name: Will Jeffery
Status: Director

The notes form part of these financial statements

MAVERICK MEDIA LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:Asset class Depreciation method and rateLeasehold properties Straight line over life of the leasePlant and machinery Straight line at 25%Fixtures, fittings and equipment Straight line at 20%Computer equipment Straight line at 25%

Valuation and information policy

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost isdetermined using the first-in, first-out (FIFO) method. The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Other accounting policies

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fundand the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

MAVERICK MEDIA LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2017

2. Employees

2017 2016
Average number of employees during the period 7 6

MAVERICK MEDIA LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2017


3. Tangible Assets

Total
Cost £
At 01 June 2016 218,505
Additions 10,480
Disposals (215,627)
At 31 May 2017 13,358
Depreciation
At 01 June 2016 216,161
Charge for year 2,762
On disposals (215,627)
At 31 May 2017 3,296
Net book value
At 31 May 2017 10,062
At 31 May 2016 2,344