Absolutely Publishing & Media Limited

		2016		2015
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	2		2,834,366		979,269
Investments	3		-		248,617

			2,834,366		1,227,886
CURRENT ASSETS
Stocks		8,500		17,647
Debtors		247,556		8,853
Cash at bank and in hand		130,921		177,748

		386,977		204,248
Creditors: Amounts Falling Due Within One Year		(67,478 )		(228,664 )

NET CURRENT ASSETS (LIABILITIES)			319,499		(24,416 )

TOTAL ASSETS LESS CURRENT LIABILITIES			3,153,865		1,203,470

Creditors: Amounts Falling Due After More Than One Year	4		(611,461 )		-

NET ASSETS			2,542,404		1,203,470

CAPITAL AND RESERVES
Called up share capital	5		120		120
Revaluation reserve			2,003,144		686,113
Profit and Loss Account			539,140		517,237

SHAREHOLDERS' FUNDS			2,542,404		1,203,470

Company No. 03487304

Abbreviated Balance Sheet (continued) 30 November 2016

For the year ending 30 November 2016 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

On behalf of the board

Ms Dawn Melvin

14 August 2017

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 Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. 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:

Freehold	nil
Plant & Machinery	20% 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. Tangible Assets


	Total
Cost	£
As at 1 December 2015	1,208,024
Additions	543,979
Revaluation	1,317,031

As at 30 November 2016	3,069,034

Depreciation
As at 1 December 2015	228,755
Provided during the period	5,913

As at 30 November 2016	234,668

Net Book Value
As at 30 November 2016	2,834,366

As at 1 December 2015	979,269

Page 2

Absolutely Publishing & Media Limited

Notes to the Abbreviated Accounts (continued)

For The Year Ended 30 November 2016

3. Investments

	Other
	£
Cost
As at 1 December 2015	248,617
Disposals	(248,617 )

As at 30 November 2016	-

Provision
As at 1 December 2015	-

As at 30 November 2016	-

Net Book Value
As at 30 November 2016	-

As at 1 December 2015	248,617

4. Creditors: Amounts Falling Due After More Than One Year

	2016	2015
	£	£
Bank loans	611,461	-

5. Share Capital

	Value	Number	2016	2015
Allotted, called up and fully paid	£		£	£
Ordinary A shares	1.000	100	100	100

Ordinary B shares	1.000	20	20	20




		120	120	120

6. Transactions With and Loans to Directors

Included within Debtors are the following loans to directors:

	As at 1 December 2015	Amounts advanced	Amounts repaid	As at 30 November 2016
	£	£	£	£
Ms Dawn Melvin	(113,584)	410,795	54,635	242,576

The above loan is unsecured, interest free and repayable on demand.

7. Ultimate Controlling Party

The company's ultimate controlling party is Ms Dawn Melvin by virtue of her ownership of 100% of the issued share capital in the company.