COMPANY REGISTRATION NUMBER
09006031
LURIA MEDIA LIMITED
UNAUDITED ABBREVIATED ACCOUNTS
30 April 2016
MALDE & CO
Chartered Certified Accountants
99 Kenton Road
Kenton Harrow
Middlesex
HA3 0AN
LURIA MEDIA LIMITED
ABBREVIATED BALANCE SHEET
30 April 2016
|
2016
|
2015
|
Note
|
£
|
£
|
£
|
FIXED ASSETS
|
2
|
|
|
|
Tangible assets
|
|
4,695
|
-
|
|
|
-------
|
----
|
|
|
|
|
|
CURRENT ASSETS
Stocks
|
-
|
|
136,623
|
Debtors
|
10
|
|
400
|
Cash at bank and in hand
|
6,804
|
|
26,401
|
|
-------
|
|
----------
|
|
6,814
|
|
163,424
|
CREDITORS: Amounts falling due within one year
|
187,038
|
|
167,288
|
|
----------
|
|
----------
|
NET CURRENT LIABILITIES
|
|
(
180,224)
|
(
3,864)
|
|
|
----------
|
-------
|
TOTAL ASSETS LESS CURRENT LIABILITIES
|
|
(
175,529)
|
(
3,864)
|
|
|
----------
|
-------
|
|
|
|
|
CAPITAL AND RESERVES
Called up equity share capital
|
3
|
|
1
|
1
|
Profit and loss account
|
|
(
175,530)
|
(
3,865)
|
|
|
----------
|
-------
|
DEFICIT
|
|
(
175,529)
|
(
3,864)
|
|
|
----------
|
-------
|
|
|
|
|
|
For the year ended 30 April 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 accounts for the year in question in accordance with section 476; and
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.
These abbreviated accounts were approved and signed by the director and authorised for issue on
23 January 2017
.
Mrs C Lurie-Alt
Company Registration Number:
09006031
LURIA MEDIA LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
YEAR ENDED 30 APRIL 2016
1.
ACCOUNTING POLICIES
Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). Going Concern The Company made a loss for the year and at the balance sheet date the company has net current liabilities. The director has confirmed that she has the ability and is willing to support the company so that the company will be able to meet its financial obligations as and when they fall due for at least 12 months from the date of approval of these financial statements. On this basis the director consider that preparing the accounts on the going concern basis is appropriate.
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
Fixed assets
All fixed assets are initially recorded at cost.
Depreciation
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:
Fixtures and Equipment-Straight Line 33.33%
Work in progress
This represents film project development costs and is stated at cost.
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.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
2.
FIXED ASSETS
COST
Additions
|
7,042
|
|
-------
|
At 30 April 2016
|
7,042
|
|
-------
|
|
|
DEPRECIATION
Charge for year
|
2,347
|
|
-------
|
At 30 April 2016
|
2,347
|
|
-------
|
|
|
NET BOOK VALUE
At 30 April 2016
|
4,695
|
|
-------
|
|
|
At 30 April 2015
|
–
|
|
-------
|
|
|
3.
SHARE CAPITAL
Allotted, called up and fully paid:
|
2016
|
2015
|
|
No.
|
£
|
No.
|
£
|
|
Ordinary shares of £ 1 each
|
1
|
1
|
1
|
1
|
|
|
----
|
----
|
----
|
----
|
|
|
|
|
|
|
LURIA MEDIA LIMITED
CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF LURIA MEDIA LIMITED
YEAR ENDED 30 APRIL 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Luria Media Limited for the year ended 30 April 2016 which comprise the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
Our work has been undertaken in accordance with the requirements of Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
MALDE & CO
Chartered Certified Accountants
99 Kenton Road
Kenton Harrow
Middlesex
HA3 0AN
23 January 2017