High Life Productions Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08141508 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2014

FOR

HIGH LIFE PRODUCTIONS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Miss H Rosenberg

Mr L Watson

REGISTERED OFFICE:

114-116 Curtain Road

London

EC2A 3AH

REGISTERED NUMBER:

08141508 (England and Wales)

ACCOUNTANTS:

P J Marks and Co. Ltd

Chartered Certified Accountants

114-116 Curtain Road

London

EC2A 3AH

FIXED ASSETS

Tangible assets

2

9,129

3,997

CURRENT ASSETS

Debtors

31,838

12,343

Cash at bank and in hand

14,738

24,499

46,576

36,842

CREDITORS

Amounts falling due within one year

29,945

40,619

NET CURRENT ASSETS/(LIABILITIES)

16,631

(3,777

)

TOTAL ASSETS LESS CURRENT LIABILITIES

25,760

220

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

25,758

218

SHAREHOLDERS' FUNDS

25,760

220

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2014 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 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 Board of Directors on 13 February 2015 and were signed on its behalf by:

Miss H Rosenberg - 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 net invoiced sales of goods, excluding value added tax.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

5,330

Additions

7,951

At 31 July 2014

13,281

DEPRECIATION

At 1 August 2013

1,333

Charge for year

2,819

At 31 July 2014

4,152

NET BOOK VALUE

At 31 July 2014

9,129

At 31 July 2013

3,997

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

2

4.	RELATED PARTY DISCLOSURES

Miss H Rosenberg

A director and shareholder

2014

2013

£

£

Amount due to related party at the balance sheet date

2,107

12,395

Mr L Watson

A director and shareholder

2014

2013

£

£

Amount due to related party at the balance sheet date

2,107

12,628