For the year ended 31 October 2014
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 07951595
Team Wild Media Limited
For the year ended 31 October 2014
1
Balance Sheet
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Notes to the Abbreviated Financial Statements
Notes to the Abbreviated Financial Statements
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Team Wild Media Limited
For the year ended 31 October 2014
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
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Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Planning and operating costs for the company's website are charged to the profit and loss account as incurred.
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange
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ruling at the balance sheet date
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Transactions in foreign currencies are recorded at the rate ruling at the date of the
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transaction
.
All foreign exchange differences are included to the profit and loss account
.
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Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
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2 of 3
Notes to the Abbreviated Financial Statements
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Team Wild Media Limited
For the year ended 31 October 2014
Stocks are valued at the lower of cost and net realisable value as follows: Goods for resale Purchase cost on a first-in, first-out basis:Raw materials Purchase cost on a first-in, first-out basisConsumables Purchase cost on a first-in, first-out basisWork in progress Cost of direct materials and labour, including all direct overheads and the attributable proportion of indirect overhead expensesFinished goods Cost of direct materials and labour, including all direct overheads and the attributable proportion of indirect overhead expenses
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5,556
12,899
18,455
2,075
6,150
Charge for year
8,225
10,230
3,481
Allotted called up and fully paid
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2014
2013
1
Ordinary Shares shares of £
1
.
00
each
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1
1
1
1
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