Abbreviated Company Accounts - ABSOLUTE MEDIA GROUP LIMITED

ABSOLUTE MEDIA GROUP LIMITED Registered Number 06846835

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	2	2
Investments	3	2	2
		4	4
Current assets
Debtors		65,568	78,486
Cash at bank and in hand		1,786	13,603
		67,354	92,089
Creditors: amounts falling due within one year		(54,859)	(71,498)
Net current assets (liabilities)		12,495	20,591
Total assets less current liabilities		12,499	20,595
Total net assets (liabilities)		12,499	20,595
Capital and reserves
Called up share capital	4	127	127
Share premium account		52,488	52,488
Profit and loss account		(40,116)	(32,020)
Shareholders' funds		12,499	20,595

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 23 December 2016

And signed on their behalf by:
Nigel Edward Lloyd, Director

ABSOLUTE MEDIA GROUP LIMITED Registered Number 06846835

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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).
The company is the parent undertaking of a small group and as such is not required by the
Companies Act 2006 to prepare group accounts. These financial statements therefore present
information about the company as an individual undertaking and not about its group.

Turnover policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied
during the year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates
calculated to write off the cost of fixed assets, less their estimated residual value, over their
expected useful lives on the following bases:

Fixtures and fittings - 33% on cost
Office equipment - 33% on cost

Other accounting policies
Investments:-

Investments held as fixed assets are shown at cost less provision for impairment.

2Tangible fixed assets

	£
Cost
At 1 April 2015	39,979
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	39,979
Depreciation
At 1 April 2015	39,977
Charge for the year	-
On disposals	-
At 31 March 2016	39,977
Net book values
At 31 March 2016	2
At 31 March 2015	2

3Fixed assets Investments
Subsidiary undertakings:-

The following were subsidiary undertakings of the company:

Name: The Cambridge Research Centre Limited
Class of shares: Ordinary Share
Holding: 100 %

Name: Absolute Sports (UK) Limited
Class of shares: Ordinary Share
Holding: 100 %

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
12,700 Ordinary shares of £0.01 each	127	127