Moorlands Radio Limited - Period Ending 2014-03-31

Registration number: 05612521

Moorlands Radio Limited Unaudited Abbreviated Accounts for the Year Ended 31 March 2014

Howsons Chartered Accountants
Chartered Accountants
50 Broad Street
Leek
Staffordshire
ST13 5NS

Moorlands Radio Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Moorlands Radio Limited
(Registration number: 05612521)
Abbreviated Balance Sheet at 31 March 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					1,488			5,096
Current assets
Debtors					3,637			1,781
Cash at bank and in hand					2,563			407
					6,200			2,188
Creditors: Amounts falling due within one year					(4,192)			(3,512)
Net current assets/(liabilities)					2,008			(1,324)
Net assets					3,496			3,772
Capital and reserves
Profit and loss account					3,496			3,772
Shareholders' funds					3,496			3,772

For the year ending 31 March 2014 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

Approved by the Board on 17 December 2014 and signed on its behalf by:

.........................................
William Durose
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
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Moorlands Radio Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Revenue Recognition

Turnover represents amounts chargeable in respect of the sale of goods and services to customers. In respect of long term contracts for ongoing services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long term contracts and contracts for ongoing services is recognised by reference to the stage of completion.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% straight line basis
Fixtures and fittings	33.3% straight line basis

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2013		20,496			20,496
Additions		478			478
At 31 March 2014		20,974			20,974
Depreciation
At 1 April 2013		15,400			15,400
Charge for the year		4,086			4,086
At 31 March 2014		19,486			19,486
Net book value
At 31 March 2014		1,488			1,488
At 31 March 2013		5,096			5,096

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Moorlands Radio Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

3	Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £10 towards the assets of the company in the event of liquidation.

4	Going Concern

The directors have reviewed the performance of the company since the end of the accounting period. The level of turnover remains consistent, there are sufficient cashflows to meet the ongoing liabilities and the company is continuing to generate a profit. Therefore the directors are satisfied that there are no material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern.

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