Bowhead Media Ltd - Limited company - abbreviated

REGISTERED NUMBER: 06127651 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

BOWHEAD MEDIA LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A Skillen

SECRETARY:

Ms C Skillen

REGISTERED OFFICE:

Communications House

26 York Street

London

W1U 6PZ

REGISTERED NUMBER:

06127651 (England and Wales)

ACCOUNTANTS:

Cardens Accountants LLP

The Old Casino

28 Fourth Avenue

Hove

East Sussex

BN3 2PJ

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

19,917

26,916

19,917

26,916

CURRENT ASSETS

Debtors

24,031

70,294

Investments

61,990

Cash at bank

66,564

10,811

152,585

143,095

CREDITORS

Amounts falling due within one year

112,229

120,854

NET CURRENT ASSETS

40,356

22,241

TOTAL ASSETS LESS CURRENT
LIABILITIES

60,273

49,157

CREDITORS

Amounts falling due after more than one
year

4

(59,070

)

(33,702

)

PROVISIONS FOR LIABILITIES

(1,081

)

(2,263

)

NET ASSETS

122

13,192

CAPITAL AND RESERVES

Called up share capital

5

14

Profit and loss account

108

13,178

SHAREHOLDERS' FUNDS

122

13,192

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 23 December 2014 and were signed by:

A Skillen - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are

physically delivered to the customer.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

Deferred taxation is provided in full on timing differences which represent a liability at the balance sheet date, at

rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from

the inclusion of items of income and expenditure in taxation computations in periods different from those in

which they are included in financial statements. Deferred tax is not provided on timing differences arising from

the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities

are not discounted.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

53,000

AMORTISATION

At 1 April 2013

and 31 March 2014

53,000

NET BOOK VALUE

At 31 March 2014

-

At 31 March 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

55,468

DEPRECIATION

At 1 April 2013

28,552

Charge for year

6,999

At 31 March 2014

35,551

NET BOOK VALUE

At 31 March 2014

19,917

At 31 March 2013

26,916

4.

CREDITORS

Creditors include the following debts falling due in more than five years:

2014

2013

£

Repayable by instalments

37,535

14,085

5.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2014

2013

value:

£

14

Ordinary 'A'

£1

14

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, A Skillen reduced his loan to the company. As at 31 March 2014, the company owed him

£21,287 (2013: £21,356). This represents the maximum amount outstanding during the year and the loan is

interest free and repayable on demand.

The company also paid A Skillen rent amounting to £NIL (2013: £888) as a result of utilising office space within

his home.

Finally, the company paid him dividends of £41,372.

Bowhead Media Ltd - Limited company - abbreviated - 11.6

Bowhead Media Ltd - Limited company - abbreviated - 11.6