Registered Number 05947790
THE ADVERTISING HUB LTD
Abbreviated Accounts
30 September 2015
Notes | 2015 | 2014 | |
---|---|---|---|
£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
|
|
|
|
||
Current assets | |||
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: amounts falling due within one year |
( |
( |
|
Net current assets (liabilities) |
( |
( |
|
Total assets less current liabilities |
|
|
|
Creditors: amounts falling due after more than one year |
( |
( |
|
Total net assets (liabilities) |
( |
( |
|
Capital and reserves | |||
Called up share capital | 3 |
|
|
Profit and loss account |
( |
( |
|
Shareholders' funds |
( |
( |
Approved by the Board on
And signed on their behalf by:
1 Accounting 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).
Going concern
There were net liabilities at the balance sheet date. The financial statements have been prepared on a going concern basis which is dependent upon the continued support of the director.
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
£ | |
---|---|
Cost | |
At 1 October 2014 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 30 September 2015 |
|
Amortisation | |
At 1 October 2014 |
|
Charge for the year |
|
On disposals |
|
At 30 September 2015 |
|
Net book values | |
At 30 September 2015 | 7,350 |
At 30 September 2014 | 8,770 |
4 Transactions with directors
Name of director receiving advance or credit: |
|
|
---|---|---|
Description of the transaction: |
|
|
Balance at 1 October 2014: | £ |
|
Advances or credits made: |
|
|
Advances or credits repaid: | £ |
|
Balance at 30 September 2015: | £ |
C J Slocock
The director has loaned monies to the company; at the balance sheet date the amount due to C J Slocock was £7,342 (2014 £11,152).
During the year the company traded with Print Solutions (.co.uk) Ltd, a company of which C J Slocock is a director and shareholder. Print Solutions (.co.uk) Ltd provided design, setting and printing services at a cost of £67,837 (2014: £52,164) and recharged indirect costs of £nil (2014: £2,080). At the balance sheet date the amount owed to Print Solutions (.co.uk) Ltd was £12,584 (2014: £3,018).
Ultimate controlling party
The company is controlled by the director who owns 100% of the called up share capital.