High Life Productions Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08141508 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2018

FOR

HIGH LIFE PRODUCTIONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Miss H Rosenberg

Mr L Watson

REGISTERED OFFICE:

Unit 2

99-101 Kingsland Road

London

E2 8AG

REGISTERED NUMBER:

08141508 (England and Wales)

ACCOUNTANTS:

P J Marks and Co. Ltd

Chartered Certified Accountants

Unit 2

99-101 Kingsland Road

London

E2 8AG

FIXED ASSETS

Tangible assets

4

9,503

5,936

CURRENT ASSETS

Debtors

5

8,454

8,033

Cash at bank and in hand

21,167

40,503

29,621

48,536

CREDITORS

Amounts falling due within one year

6

18,223

29,956

NET CURRENT ASSETS

11,398

18,580

TOTAL ASSETS LESS CURRENT LIABILITIES

20,901

24,516

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

20,899

24,514

SHAREHOLDERS' FUNDS

20,901

24,516

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 in accordance with Section 476 of the Companies Act 2006.

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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 8 January 2019 and were signed on its behalf by:

Miss H Rosenberg - Director

1.	STATUTORY INFORMATION

High Life Productions 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 August 2017

2,319

15,902

18,221

Additions

-

6,735

6,735

At 31 July 2018

2,319

22,637

24,956

DEPRECIATION

At 1 August 2017

1,692

10,593

12,285

Charge for year

157

3,011

3,168

At 31 July 2018

1,849

13,604

15,453

NET BOOK VALUE

At 31 July 2018

470

9,033

9,503

At 31 July 2017

627

5,309

5,936

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

8,454

8,033

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Taxation and social security

14,459

29,398

Other creditors

3,764

558

18,223

29,956

7.	ULTIMATE CONTROLLING PARTY

The controlling party is the Directors.