Company Registration No. SC402646 (Scotland)
12th Man Media Ltd.
Unaudited accounts
for the year ended 31 July 2017
12th Man Media Ltd.
Unaudited accounts
Contents
12th Man Media Ltd.
Company Information
for the year ended 31 July 2017
Directors
Karen Derwin
Paul James Derwin
Company Number
SC402646 (Scotland)
Registered Office
1 Strenabey Avenue
Burnside
Glasgow
G73 5DL
Scotland
Accountants
Aird Sakol Ltd
8 Benview Road
Clarkston Toll
Glasgow
G76 7PP
12th Man Media Ltd.
Statement of financial position
as at 31 July 2017
Tangible assets
2,936
3,454
Cash at bank and in hand
49,683
61,617
Creditors: amounts falling due within one year
(27,372)
(46,712)
Net current assets
22,311
14,905
Called up share capital
100
100
Profit and loss account
25,147
18,259
Shareholders' funds
25,247
18,359
For the year ending 31 July 2017 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 11 April 2018.
Paul James Derwin
Director
Company Registration No. SC402646
12th Man Media Ltd.
Notes to the Accounts
for the year ended 31 July 2017
12th Man Media Ltd. is a private company, limited by shares, registered in Scotland, registration number SC402646. The registered office is 1 Strenabey Avenue, Burnside, Glasgow, G73 5DL, Scotland.
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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.
These financial statements for the year ended 31 July 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
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Tangible fixed assets
Plant & machinery
12th Man Media Ltd.
Notes to the Accounts
for the year ended 31 July 2017
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Creditors: amounts falling due within one year
2017
2016
Taxes and social security
25,193
22,905
Loans from directors
1,099
22,846
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
The company is controlled by Karen Derwin.
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Average number of employees
During the year the average number of employees was 2 (2016: 2).