Velvet Film Production Limited - Limited company - abbreviated - 11.9
Velvet Film Production Limited - Limited company - abbreviated - 11.9
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31 AUGUST 2015 |
| FOR |
| VELVET FILM PRODUCTION LIMITED |
| VELVET FILM PRODUCTION LIMITED (REGISTERED NUMBER: 06195811) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| for the Year Ended 31 August 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| VELVET FILM PRODUCTION LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31 August 2015 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| VELVET FILM PRODUCTION LIMITED (REGISTERED NUMBER: 06195811) |
| ABBREVIATED BALANCE SHEET |
| 31 August 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| VELVET FILM PRODUCTION LIMITED (REGISTERED NUMBER: 06195811) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 August 2015 |
| The financial statements were approved by the director on |
| VELVET FILM PRODUCTION LIMITED (REGISTERED NUMBER: 06195811) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| for the Year Ended 31 August 2015 |
| 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 the net invoice value of services provided, excluding value added tax. |
| Tangible fixed assets |
| Tangible fixed assets are included at cost less depreciation. |
| Depreciation is provided at the following rates in order to write off the cost less estimated residual value of each |
| asset over its estimated useful life. |
| Fixtures and fittings | - | 15% on reducing balance |
| Motor vehicles | - | 25% on reducing balance |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| 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. |
| Government grants |
| Government grants are credited to the profit and loss account by instalments over the expected useful economic |
| life of the related asset on a basis consistent with the depreciation policy. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 September 2014 |
| Additions |
| Disposals | ( |
) |
| At 31 August 2015 |
| DEPRECIATION |
| At 1 September 2014 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 August 2015 |
| NET BOOK VALUE |
| At 31 August 2015 |
| At 31 August 2014 |
| VELVET FILM PRODUCTION LIMITED (REGISTERED NUMBER: 06195811) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the Year Ended 31 August 2015 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary A | £1 |