REGISTERED NUMBER: 02784605 (England and Wales)

Mendip Media Group Ltd.

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M H Trevor

Mrs S J Trevor

Mrs C F Williams

Mrs R M Jessop

SECRETARY:

Mrs C F Williams

REGISTERED OFFICE:

Rockeagle House

Pynes Hill

Exeter

Devon

EX2 5AZ

REGISTERED NUMBER:

02784605 (England and Wales)

ACCOUNTANTS:

Haines Watts Exeter LLP

1A Parliament Square

Parliament Street

Crediton

Devon

EX17 2AW

FIXED ASSETS

Tangible assets

2

25,140

20,171

CURRENT ASSETS

Stocks

250

250

Debtors

248,487

303,649

Cash at bank and in hand

169,428

86,927

418,165

390,826

CREDITORS

Amounts falling due within one year

(104,777

)

(121,393

)

NET CURRENT ASSETS

313,388

269,433

TOTAL ASSETS LESS CURRENT LIABILITIES

338,528

289,604

PROVISIONS FOR LIABILITIES

(3,463

)

(2,344

)

NET ASSETS

335,065

287,260

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

335,063

287,258

SHAREHOLDERS' FUNDS

335,065

287,260

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 5 August 2016 and were signed on its behalf by:

M H Trevor - Director

1.	ACCOUNTING POLICIES

Accounting convention

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).

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the

year and derives from the provision of services falling within the company's ordinary activities.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures, fittings and equipment

-

25% straight line

Computer equipment

-

25% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

260,287

Additions

14,185

At 31 March 2016

274,472

DEPRECIATION

At 1 April 2015

240,116

Charge for year

9,216

At 31 March 2016

249,332

NET BOOK VALUE

At 31 March 2016

25,140

At 31 March 2015

20,171

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

2

Ordinary

£1

2

2

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2016 and

31 March 2015:

2016

2015

£

£

M H Trevor

Balance outstanding at start of year

91,326

(289

)

Amounts advanced

47,156

162,262

Amounts repaid

(71,187

)

(70,647

)

Balance outstanding at end of year

67,295

91,326

During the year the company charged interest on the overdrawn loan account amounting to £3,180

(2015 - £2,264).