Company Registration No. 06836521 (England and Wales)
CARRON MEDIA LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
CARRON MEDIA LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
CARRON MEDIA LTD
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Current assets
Debtors
23,062
23,065
Cash at bank and in hand
1
3,001
23,063
26,066
Creditors: amounts falling due within one year
(22,742)
(21,592)
Total assets less current liabilities
321
4,474
Capital and reserves
Called up share capital
2
200
200
Profit and loss account
121
4,274
Shareholders' funds
321
4,474
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
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;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 15 December 2016
Ian Harris
Director
Company Registration No. 06836521
CARRON MEDIA LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
50% straight line
Fixtures, fittings & equipment
25% straight line
2
Share capital
2016
2015
£
£
Allotted, called up and fully paid
200 Ordinary of £1 each
200
200
3
Related party relationships and transactions
Loans to directors
The following directors had interest free loans during the year. The movement on these loans are as follows:
Description
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
Ian Harris -
-
15,032
-
-
5,460
9,572
15,032
-
-
5,460
9,572
The loan is interest free and repayable on demand.