Halliford Studios Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 00546164 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Halliford Studios Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

E R Andrews

Mrs C A Andrews

C R Andrews

SECRETARY:

Mrs C A Andrews

REGISTERED OFFICE:

Manygate Lane

Shepperton

Middlesex

TW17 9EG

REGISTERED NUMBER:

00546164 (England and Wales)

ACCOUNTANTS:

Butcher & Company

99 Liphook Road

Lindford

Hampshire

GU35 0PF

FIXED ASSETS

Tangible assets

2

914,167

920,101

CURRENT ASSETS

Stocks

8,000

Debtors

315,510

545,105

Cash at bank and in hand

260,964

280,835

584,474

833,940

CREDITORS

Amounts falling due within one year

573,505

828,790

NET CURRENT ASSETS

10,969

5,150

TOTAL ASSETS LESS CURRENT
LIABILITIES

925,136

925,251

CREDITORS

Amounts falling due after more than one
year

3

212,313

264,165

NET ASSETS

712,823

661,086

CAPITAL AND RESERVES

Called up share capital

4

25

Revaluation reserve

418,493

Profit and loss account

294,305

242,568

SHAREHOLDERS' FUNDS

712,823

661,086

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 23 December 2016 and were signed on its behalf
by:

E R Andrews - 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.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

1,099,990

Additions

1,728

At 31 March 2016

1,101,718

DEPRECIATION

At 1 April 2015

179,889

Charge for year

7,662

At 31 March 2016

187,551

NET BOOK VALUE

At 31 March 2016

914,167

At 31 March 2015

920,101

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

31.3.16

31.3.15

£

Repayable by instalments

-

4,915

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

500

Ordinary shares

5p

25