Abbreviated Company Accounts - VIDEO MEDIA COMPANY LIMITED

VIDEO MEDIA COMPANY LIMITED - Company Information

04441889 VIDEO MEDIA COMPANY LIMITED 2013-10-31 false 2012-11-01 2013-10-31 true 04441889 2012-11-01 2013-10-31 04441889 2013-10-31 04441889 2012-10-31 04441889 uk-gaap-cd-bus:Director1 2012-11-01 2013-10-31 04441889 uk-gaap-cd-bus:Director2 2012-11-01 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-11-01 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-10-31 iso4217:GBP shares

Registered Number 04441889

VIDEO MEDIA COMPANY LIMITED

Abbreviated Accounts

31 October 2013

VIDEO MEDIA COMPANY LIMITED Registered Number 04441889

Abbreviated Balance Sheet as at 31 October 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	3,900	6,649
Investments	3	-	175,000
		3,900	181,649
Current assets
Debtors		8,193	9,217
Investments		360,000	245,000
Cash at bank and in hand		1,039,688	849,461
		1,407,881	1,103,678
Creditors: amounts falling due within one year		(1,372,554)	(1,282,721)
Net current assets (liabilities)		35,327	(179,043)
Total assets less current liabilities		39,227	2,606
Total net assets (liabilities)		39,227	2,606
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		39,127	2,506
Shareholders' funds		39,227	2,606

For the year ending 31 October 2013 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 July 2014

And signed on their behalf by:
R Vinton, Director

VIDEO MEDIA COMPANY LIMITED Registered Number 04441889

Notes to the Abbreviated Accounts for the period ended 31 October 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover consists of invoiced sales of services, excluding VAT.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost. Depreciation is provided by the company to write off the cost of the assets over their useful economic lives at the following rates: Office equipment - 20% per annum.

2Tangible fixed assets

	£
Cost
At 1 November 2012	28,913
Additions	1,005
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2013	29,918
Depreciation
At 1 November 2012	22,264
Charge for the year	3,754
On disposals	-
At 31 October 2013	26,018
Net book values
At 31 October 2013	3,900
At 31 October 2012	6,649

3Fixed assets Investments
During 2011 the company loaned £175,000 to Optimal Media Limited, an unlisted trading company at a commercial rate of interest. The loan has no fixed repayment term, but is repayable on demand. At 31 October 2013 the loan was reclassified as a current asset investment.

4Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
100 Ordinary shares of £1 each	100	100