Dreamscope Productions Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05470740 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

for

Dreamscope Productions Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

D J Hutchinson

REGISTERED OFFICE:

c/o Higsons

93 Market Street

Farnworth

Bolton

Lancashire

BL4 7NS

REGISTERED NUMBER:

05470740 (England and Wales)

ACCOUNTANTS:

Higsons Limited

Chartered Accountants

93 Market Street

Farnworth

Bolton

Lancashire

BL4 7NS

FIXED ASSETS

Intangible assets

2

9,515

14,082

Tangible assets

3

13,253

3,849

22,768

17,931

CURRENT ASSETS

Debtors

37,180

12,708

Cash at bank

7,740

6,551

44,920

19,259

CREDITORS

Amounts falling due within one year

63,135

36,603

NET CURRENT LIABILITIES

(18,215

)

(17,344

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,553

587

PROVISIONS FOR LIABILITIES

2,159

170

NET ASSETS

2,394

417

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

2,392

415

SHAREHOLDERS' FUNDS

2,394

417

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 8 June 2015 and were signed by:

D J Hutchinson - Director

1.	ACCOUNTING POLICIES

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).

Turnover

Turnover represents services provided in the period, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

45,670

AMORTISATION

At 1 January 2014

31,588

Amortisation for year

4,567

At 31 December 2014

36,155

NET BOOK VALUE

At 31 December 2014

9,515

At 31 December 2013

14,082

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

19,531

Additions

11,972

At 31 December 2014

31,503

DEPRECIATION

At 1 January 2014

15,682

Charge for year

2,568

At 31 December 2014

18,250

NET BOOK VALUE

At 31 December 2014

13,253

At 31 December 2013

3,849

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

2

Ordinary

£1

2

2