Abbreviated Company Accounts - THE OTHER MEDIA LIMITED

THE OTHER MEDIA LIMITED - Company Information

03468671 THE OTHER MEDIA LIMITED 2014-04-30 false 2013-05-01 2014-04-30 true 03468671 2013-05-01 2014-04-30 03468671 2014-04-30 03468671 2013-04-30 03468671 uk-gaap-cd-bus:Director1 2013-05-01 2014-04-30 03468671 uk-gaap-cd-bus:Director2 2013-05-01 2014-04-30 uk-gaap-cd-bus:Director3 2013-05-01 2014-04-30 uk-gaap-cd-bus:Director3 2014-04-30 uk-gaap-cd-bus:Director3 2013-04-30 uk-gaap-cd-bus:Director4 2013-05-01 2014-04-30 uk-gaap-cd-bus:Director4 2014-04-30 uk-gaap-cd-bus:Director4 2013-04-30 uk-gaap-cd-bus:Director5 2013-05-01 2014-04-30 uk-gaap-cd-bus:Director5 2014-04-30 uk-gaap-cd-bus:Director5 2013-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-01 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-30 uk-gaap-cd-bus:OrdinaryShareClass2 2013-05-01 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass2 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass2 2013-04-30 iso4217:GBP shares

Registered Number 03468671

THE OTHER MEDIA LIMITED

Abbreviated Accounts

30 April 2014

THE OTHER MEDIA LIMITED Registered Number 03468671

Abbreviated Balance Sheet as at 30 April 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	20,414	24,231
Investments	3	-	67,934
		20,414	92,165
Current assets
Debtors	4	740,197	698,374
Cash at bank and in hand		615	-
		740,812	698,374
Creditors: amounts falling due within one year	5	(639,972)	(680,143)
Net current assets (liabilities)		100,840	18,231
Total assets less current liabilities		121,254	110,396
Total net assets (liabilities)		121,254	110,396
Capital and reserves
Called up share capital	6	35,399	35,399
Share premium account		45,470	45,470
Profit and loss account		40,385	29,527
Shareholders' funds		121,254	110,396

For the year ending 30 April 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.

Approved by the Board on 26 January 2015

And signed on their behalf by:
G E Crabb, Director

THE OTHER MEDIA LIMITED Registered Number 03468671

Notes to the Abbreviated Accounts for the period ended 30 April 2014

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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In the case of contracts not completed at the year end, a proportion of accrued income is recognised if the company has carried out a significant part of its contractual obligations by this date.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Leasehold improvements - at variable rates reducing balance
Fixtures & Fittings - at variable rates reducing balance
Equipment - at variable rates reducing balance

Other accounting policies
Research and development

Research and development expenditure is written off in the year in which it is incurred.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Pension costs

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2Tangible fixed assets

	£
Cost
At 1 May 2013	541,851
Additions	5,104
Disposals	(39,987)
Revaluations	-
Transfers	-
At 30 April 2014	506,968
Depreciation
At 1 May 2013	517,620
Charge for the year	8,921
On disposals	(39,987)
At 30 April 2014	486,554
Net book values
At 30 April 2014	20,414
At 30 April 2013	24,231

3Fixed assets Investments
Investments with a cost of £67,934 were disposed of in full during the year.

4Debtors

	2014 £	2013 £
Debtors include the following amounts due after more than one year	45,005	45,005

5Creditors

	2014 £	2013 £
Secured Debts	81,621	100,420

6Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
3,500,001 Ordinary shares of £0.01 each	35,000	35,000
39,886 Ordinary non voting shares of £0.01 each	399	399

7Transactions with directors

Name of director receiving advance or credit:	J H Briggs
Description of the transaction:	Loan
Balance at 1 May 2013:	£ 39,282
Advances or credits made:	-
Advances or credits repaid:	£ 39,282
Balance at 30 April 2014:	£ 0

Name of director receiving advance or credit:	G E Crabb
Description of the transaction:	Loan
Balance at 1 May 2013:	£ 16,561
Advances or credits made:	-
Advances or credits repaid:	£ 16,561
Balance at 30 April 2014:	£ 0

Name of director receiving advance or credit:	N S Oates
Description of the transaction:	Loan
Balance at 1 May 2013:	£ 40,289
Advances or credits made:	-
Advances or credits repaid:	£ 40,289
Balance at 30 April 2014:	£ 0