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REGISTERED NUMBER: 02290833 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

ABACO MEDIA & PUBLISHING LTD

ABACO MEDIA & PUBLISHING LTD (REGISTERED NUMBER: 02290833)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABACO MEDIA & PUBLISHING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2017







DIRECTOR: J D Fisher





REGISTERED OFFICE: 30 - 34 North Street
Hailsham
East Sussex
BN27 1DW





REGISTERED NUMBER: 02290833 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Limited
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

ABACO MEDIA & PUBLISHING LTD (REGISTERED NUMBER: 02290833)

BALANCE SHEET
31 DECEMBER 2017

2017 2016
Notes £    £   
CURRENT ASSETS
Debtors 4 1,000 1,000
Cash at bank 4,613 18,453
5,613 19,453
CREDITORS
Amounts falling due within one year 5 (840 ) (1,680 )
NET CURRENT ASSETS 4,773 17,773
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,773

17,773

CREDITORS
Amounts falling due after more than one
year

6

(26,197

)

(39,346

)
NET LIABILITIES (21,424 ) (21,573 )

CAPITAL AND RESERVES
Called up share capital 7 10 10
Retained earnings (21,434 ) (21,583 )
SHAREHOLDERS' FUNDS (21,424 ) (21,573 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ABACO MEDIA & PUBLISHING LTD (REGISTERED NUMBER: 02290833)

BALANCE SHEET - continued
31 DECEMBER 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director on 15 September 2018 and were signed by:





J D Fisher - Director


ABACO MEDIA & PUBLISHING LTD (REGISTERED NUMBER: 02290833)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017

1. STATUTORY INFORMATION

Abaco Media & Publishing Ltd is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover originating within the United Kingdom represents royalties due and the invoiced value of sales, no
value added tax having been charged.

Turnover originating within the Federal Republic of Germany, which excludes sales tax, represents royalties due
and the invoiced value of sales.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial
assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third
parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the
undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments
are initially measured at present value of the future payments and subsequently at amortised cost using the
effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period
for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is
recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an
enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise
the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.


ABACO MEDIA & PUBLISHING LTD (REGISTERED NUMBER: 02290833)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2017

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws
that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal
of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Song rights and recording costs
Due to the inherent uncertainties of the music business, costs of acquiring song rights and recording costs are
not capitalised but are written off in the profit and loss account as and when they are incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2016 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Other debtors 1,000 1,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Other creditors 840 1,680

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2017 2016
£    £   
Other creditors 26,197 39,346

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
10 Ordinary £1 10 10