Company Registration No. 08137255 (England and Wales)
INNER TRUTH PRODUCTIONS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2014
INNER TRUTH PRODUCTIONS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
INNER TRUTH PRODUCTIONS LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
3,601
2,955
Current assets
Cash at bank and in hand
11,116
5,733
Creditors: amounts falling due within one year
(11,545)
(5,920)
Net current liabilities
(429)
(187)
Total assets less current liabilities
3,172
2,768
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
3,072
2,668
Shareholders' funds
3,172
2,768
For the financial year ended 31 July 2014 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 of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 24 February 2015
Mr P Brook
Director
Company Registration No. 08137255
INNER TRUTH PRODUCTIONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
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 less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
20% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 August 2013
3,693
Additions
1,547
At 31 July 2014
5,240
Depreciation
At 1 August 2013
738
Charge for the year
901
At 31 July 2014
1,639
Net book value
At 31 July 2014
3,601
At 31 July 2013
2,955
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
100 ordinary of £1 each
100
100
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