MASON_MEDIA_LIMITED - Accounts
MASON_MEDIA_LIMITED - Accounts
ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 30 JUNE 2014
Company Registration No. 04986117 (England and Wales)
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABBREVIATED BALANCE SHEET
AS AT
30 JUNE 2014
- 1 -
2014
2012
Notes
£
£
£
£
Fixed assets
Tangible assets
2
Current assets
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
(95,296 )
(61,149 )
Net current liabilities
(4,620 )
(8,464 )
Total assets less current liabilities
Capital and reserves
Called up share capital
3
Profit and loss account
Shareholders' funds
Directors' responsibilities:
-
-
Approved by the Board and authorised for issue on 26 November 2014
Director
Company Registration No. 04986117
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 30 JUNE 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
1.4
Tangible fixed assets and depreciation
Fixtures, fittings & equipment
1.5
Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the Period they are payable.
1.6
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2013
59,785
Additions
2,206
At 30 June 2014
61,991
Depreciation
At 1 January 2013
39,703
Charge for the period
4,693
At 30 June 2014
44,396
Net book value
At 30 June 2014
17,595
At 31 December 2012
20,082
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2014
- 3 -
3
Share capital
2014
2012
£
£
Allotted, called up and fully paid
4
Ultimate parent company
The company is under the control of its directors by virtue of the fact that they are equal shareholders.
5
Related party relationships and transactions
Loans to directors
Transactions in relation to loans with directors during the Period are outlined in the table below:
Description
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
N Mason - Loan
-
-
21,971
-
-
21,971
L Mason - Loan
-
-
21,971
-
-
21,971
-
43,942
-
-
43,942