Blue Pro Media Limited

Contents
	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 04080238

		2017		2016
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	3		875		1,166

			875		1,166
CURRENT ASSETS
Stocks	4	2,150		2,150
Cash at bank and in hand		2		220

		2,152		2,370
Creditors: Amounts Falling Due Within One Year	5	(32,764 )		(31,573 )

NET CURRENT ASSETS (LIABILITIES)			(30,612 )		(29,203 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(29,737 )		(28,037 )

NET ASSETS			(29,737 )		(28,037 )

CAPITAL AND RESERVES
Called up share capital	6		2		2
Profit and Loss Account			(29,739 )		(28,039 )

SHAREHOLDERS' FUNDS			(29,737)		(28,037)

Page 1

Balance Sheet (continued)

As at 31 December 2017

For the year ending 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr G. Balfour-Kinnear

13th September 2018

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

1.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

1.3. Tangible Fixed Assets and Depreciation

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

Plant & Machinery

25% reducing balance

1.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2. Average Number of Employees

Average number of employees, including directors, during the year was 1.

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Blue Pro Media Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2017

3. Tangible Assets


	Plant & Machinery
	£
Cost
As at 1 January 2017	3,573

As at 31 December 2017	3,573

Depreciation
As at 1 January 2017	2,407
Provided during the period	291

As at 31 December 2017	2,698

Net Book Value
As at 31 December 2017	875

As at 1 January 2017	1,166

4. Stocks

	2017	2016
	£	£
Stock - finished goods	2,150	2,150

	2,150	2,150

5. Creditors: Amounts Falling Due Within One Year

	2017	2016
	£	£
VAT	170	148
Accruals and deferred income	250	300
Director's loan account	32,344	31,125

	32,764	31,573

6. Share Capital

	2017		2016
Allotted, Called up and fully paid	2		2

7. General Information

Blue Pro Media Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04080238. The registered office is Unit 11, 407-409 Hornsey Road, London, N19 4DX.

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