Company Registration Number 06215360 (England and Wales)
SUMMERHOUSE MEDIA LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2017
PAGES FOR FILING WITH REGISTRAR
SUMMERHOUSE MEDIA LIMITED
BALANCE SHEET
AS AT
30 APRIL 2017
30 April 2017
- 1 -
2017
2016
£
£
£
£
Fixed assets
1,473
1,194
Current assets
148,533
55,783
Prepayments and accrued income
3,600
31,682
Creditors: amounts falling due within one year
(56,888)
(51,244)
Net current assets
95,245
36,221
Total assets less current liabilities
96,718
37,415
Net assets
96,718
37,415
Capital and reserves
96,718
37,415
Notes to the financial statements
1
Directors' benefits: advances, credit and guarantees
Included within debtors at the year end, is £92,447 (2016: £27,078) due from our director. The movement in the year relates to advances to the director of £94,359 (2016: £28,952), interest charged of £1,282 (2016: £1,087) less repayments of £30,272 (2016: £38,674).
3
Transition to FRS105
These financial statements for the year ended 30 April 2017 are the
first
financial statements of Summerhouse Media Limited prepared in accordance with FRS 10
5
, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 10
5
was 1
May 2015
.
3
Transitional adjustments
Under FRS 105 there is no longer consideration for deferred tax. Deferred tax of £239 on the date of transition, 1 May 2015 and £239 as at 30 April 2016 have been released to retained profit.
Summerhouse Media Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Old Steppe House, Brighton Road, Godalming, Surrey, GU7 1NS.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.
For the year ended 30 April 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
SUMMERHOUSE MEDIA LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2017
30 April 2017
- 2 -
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 26 February 2018
J L Hunter
Director
Company Registration Number 06215360