Registered number |
07118956 |
LCK MEDIA LTD |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JANUARY 2017 |
LCK MEDIA LTD | |||
CONTENTS | |||
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Balance sheet | 1 | ||
Notes to the financial statements | 2 - 6 | ||
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Balance Sheet | |||||||
as at |
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Company Registration No. | 07118956 | ||||||
Notes | 2017 | 2016 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Tangible assets | 3 |
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Current assets | |||||||
Debtors | 4 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year | 5 | ( |
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Net current liabilities | ( |
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Net assets |
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Capital and reserves | |||||||
Called up share capital |
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Profit and loss account | 7 |
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Shareholders' funds |
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………………………………….. | |||||||
Luke Kennedy | |||||||
Director | |||||||
Approved by the board on |
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NOTES TO THE FINANCIAL STATEMENTS | ||||||||
FOR THE YEAR ENDED 30 JANUARY 2017 | ||||||||
1 | Accounting policies | |||||||
Basis of preparation | ||||||||
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical convention. The principal accounting policies adopted are set out below. |
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Turnover | ||||||||
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Tangible fixed assets | ||||||||
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Fixtures, fittings and equipment | 20% straight line | |||||||
Debtors | ||||||||
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Cash and cash equivalents | ||||||||
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with financial institutions, and other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. | ||||||||
Creditors | ||||||||
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Taxation | ||||||||
The tax expense represents the sum of the tax currently payable and deferred tax. | ||||||||
Current tax | ||||||||
The current tax payable is based on taxable profit for the year. Taxable profit differs from net profit reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date. | ||||||||
Provisions | ||||||||
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Employee benefits | ||||||||
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits. |
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Retirement benefits | ||||||||
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2 | Employees | 2017 | 2016 | |||||
Number | Number | |||||||
Average number of persons employed by the company |
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3 | Tangible fixed assets | |||||||
Fixtures, fittings and equipment | ||||||||
£ | ||||||||
Cost | ||||||||
At 31 January 2016 |
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At 30 January 2017 |
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Depreciation | ||||||||
At 31 January 2016 |
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Charge for the year |
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At 30 January 2017 |
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Net book value | ||||||||
At 30 January 2017 |
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At 30 January 2016 |
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4 | Debtors | 2017 | 2016 | |||||
£ | £ | |||||||
Trade debtors | ( |
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Director's current account | 14,756 | - | ||||||
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5 | Creditors: amounts falling due within one year | 2017 | 2016 | |||||
£ | £ | |||||||
Corporation tax |
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Other taxes and social security costs |
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Other creditors |
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6 | Controlling party | |||||||
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7 | Profit and loss account | |||||||
Profit and loss account represents movement of profit and loss during the year and dividends paid. | ||||||||
8 | Other information | |||||||
Lck Media Ltd is a private company limited by shares and incorporated in England and Wales. The registered office is: 74 Lavington Road, Ealing, , London, W13 9LR. | ||||||||
9 | Transition to FRS 102 | |||||||
This is the first year that the company has presented its results under FRS 102. The last financial statements under UK GAAP were for the year ended 30 January 2016. The date of transition to FRS 102 was 31 January 2015. There are no transitional adjustments arising from the first time adoption of FRS 102. |