Bristol Film and Media Limited - Abbreviated accounts 16.1

BRISTOL FILM AND MEDIA LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

E M McMahon

N J Kendall

REGISTERED OFFICE:

Four Fifty Partnership

Bath Street

Cheddar

Somerset

BS27 3AA

REGISTERED NUMBER:

07894754 (England and Wales)

ACCOUNTANTS:

four fifty partnership

Chartered Accountants

Bath Street

Cheddar

Somerset

BS27 3AA

FIXED ASSETS

Tangible assets

2

5,262

10,410

CURRENT ASSETS

Stocks

150

-

Debtors

21,891

28,776

Cash at bank

13,850

5,362

35,891

34,138

CREDITORS

Amounts falling due within one year

19,989

22,007

NET CURRENT ASSETS

15,902

12,131

TOTAL ASSETS LESS CURRENT LIABILITIES

21,164

22,541

PROVISIONS FOR LIABILITIES

1,045

2,074

NET ASSETS

20,119

20,467

CAPITAL AND RESERVES

Called up share capital

3

100

100

Capital redemption reserve

19,980

19,980

Profit and loss account

39

387

SHAREHOLDERS' FUNDS

20,119

20,467

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 22 September 2016 and were signed on its behalf by:

E M McMahon - 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 January 2015).

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 and film equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

32,579

Additions

2,637

At 31 December 2015

35,216

DEPRECIATION

At 1 January 2015

22,169

Charge for year

7,785

At 31 December 2015

29,954

NET BOOK VALUE

At 31 December 2015

5,262

At 31 December 2014

10,410

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

55

Ordinary A

£55

55

55

25

Ordinary B

£25

25

25

20

Ordinary C

£20

20

20

100

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2015

and 31 December 2014:

2015

2014

£

£

E M McMahon and N J Kendall

Balance outstanding at start of year

(5,092

)

(5,597

)

Amounts advanced

21,054

30,505

Amounts repaid

(13,400

)

(30,000

)

Balance outstanding at end of year

2,562

(5,092

)

The loan was not beneficial at any point in the year, is interest free and repayable on demand.