REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 DECEMBER 2014 |
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FOR |
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BITEBACK PUBLISHING LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 DECEMBER 2014 |
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FOR |
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BITEBACK PUBLISHING LIMITED |
BITEBACK PUBLISHING LIMITED (REGISTERED NUMBER: 06939540) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 DECEMBER 2014 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
BITEBACK PUBLISHING LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2014 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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BITEBACK PUBLISHING LIMITED (REGISTERED NUMBER: 06939540) |
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ABBREVIATED BALANCE SHEET |
31 DECEMBER 2014 |
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31.12.14 | 31.12.13 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 4 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Share premium |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS | ( |
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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. |
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The financial statements were approved by the Board of Directors on
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BITEBACK PUBLISHING LIMITED (REGISTERED NUMBER: 06939540) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 DECEMBER 2014 |
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1. | ACCOUNTING POLICIES |
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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 April 2008). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Intangible assets |
Intangible assets represent trading names, trade marks and other intellectual property. |
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Amortisation is provided at an annual rate of 10% of cost. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
items. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet |
date where transactions or events that will result in an obligation to pay more tax in future or a right to pay less tax in |
future have occurred at that date. Timing differences are differences between the company's taxable profits and its results |
as stated in the financial statements. |
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Deferred tax is measured at the average tax rates that are expected to apply in the periods in which timing differences are |
expected to reverse, based on tax rates and laws which are enacted or substantially enacted by the balance sheet date. |
Deferred tax is measured on a non-discounted basis. |
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Where such differences result in deferred tax assets, they are recognised to the extent that they are regarded as |
recoverable where, on the basis of available evidence, it is more likely than not that there will be suitable taxable profits |
from which the reversal of the timing differences can be deducted. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the |
lease. |
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Going concern |
These accounts have been prepared under the going concern principle although the liabilities of the company exceed its |
assets. The company is reliant on the continued support of Political Holdings Limited. The directors are confident that such |
support will continue to be provided, and that additional funding will be available to the company. The directors consider |
that the going concern concept continues to be appropriate and this has therefore been applied. In making this assessment, |
the directors have also considered projections of the future performance of the business, as well as the trading |
performance after the balance sheet date. If the going concern basis proves not to be appropriate, adjustments would have |
to be made to reduce the balance sheet value of assets to their recoverable amounts and to provide for any further |
liabilities that might arise. |
BITEBACK PUBLISHING LIMITED (REGISTERED NUMBER: 06939540) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2014 |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 January 2014 |
and 31 December 2014 |
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AMORTISATION |
At 1 January 2014 |
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Amortisation for year |
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At 31 December 2014 |
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NET BOOK VALUE |
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At 31 December 2014 |
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At 31 December 2013 |
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3. | TANGIBLE FIXED ASSETS |
Total |
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COST |
At 1 January 2014 |
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Additions |
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At 31 December 2014 |
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DEPRECIATION |
At 1 January 2014 |
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Charge for year |
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At 31 December 2014 |
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NET BOOK VALUE |
At 31 December 2014 |
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At 31 December 2013 |
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4. | CREDITORS |
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Creditors include an amount of £
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.14 | 31.12.13 |
value: | £ | £ |
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Ordinary | £1 |
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6. | ULTIMATE PARENT COMPANY |
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