Accounts filed on 31-03-2016

Accounts filed on 31-03-2016

ARCANAVISION LIMITED - Company Information

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ARCANAVISION LIMITED

Company Registration Number:
07494988 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 April 2015

End date: 31 March 2016

ARCANAVISION LIMITED

Abbreviated Balance sheet

As at 31 March 2016


Notes
2016
£
2015
£
Fixed assets
Tangible assets: 2 4,680 3,006
Total fixed assets: 4,680 3,006
Current assets
Debtors: 3 2,022 4,714
Cash at bank and in hand: 4,320 3,458
Total current assets: 6,342 8,172
Creditors: amounts falling due within one year: 4 ( 11,394 ) ( 11,438 )
Net current assets (liabilities): ( 5,052 ) ( 3,266 )
Total assets less current liabilities: ( 372 ) ( 260 )
Total net assets (liabilities): ( 372 ) ( 260 )

The notes form part of these financial statements

ARCANAVISION LIMITED

Balance sheet continued

As at 31 March 2016


Notes
2016
£
2015
£
Capital and reserves
Called up share capital: 5 10 10
Profit and loss account: ( 382 ) ( 270 )
Shareholders funds: ( 372 ) ( 260 )

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities 2015.

The financial statements were approved by the Board of Directors on 31 December 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: G Pritchard
Status: Director

The notes form part of these financial statements

ARCANAVISION LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The accounts are prepared under the historic cost convention

    Turnover policy

    The turnover shown in the profit and loss account represents revenue earned during the period excluding VAT.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost less accumulated depreciation. Such costs include costs directly attributable to making the asset capable of operating as intended. The cost of fixed assets less their expected residual value is depreciated by equal instalments over their useful economic lives. IT hardware and software are depreciated over three years.

ARCANAVISION LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 2. Tangible assets

    Total
    Cost £
    01 April 2015: 6,798
    Additions: 3,486
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    31 March 2016: 10,284
    Depreciation
    01 April 2015: 3,792
    Charge for year: 1,812
    On disposals: 0
    Other adjustments: 0
    31 March 2016: 5,604
    Net book value
    31 March 2016: 4,680
    31 March 2015: 3,006

ARCANAVISION LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 3. Debtors


    2016
    £
    2015
    £
    Trade debtors: 2,022 4,714
    Total: 2,022 4,714

ARCANAVISION LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 4. Creditors: amounts falling due within one year


    2016
    £
    2015
    £
    Accruals and deferred income: 1,985 2,150
    Other creditors: 9,409 9,288
    Total: 11,394 11,438

ARCANAVISION LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 5. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 10 1.00 10
    Preference shares: 0
    Total share capital (£): 10
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 10 1.00 10
    Preference shares: 0
    Total share capital (£): 10

ARCANAVISION LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 6. Related party disclosures

    Name of the ultimate controlling party during the period: S Pritchard
    Name of related party: S Pritchard
    Relationship: Director
    Description of the transaction Balance owed to Director
    Balance at 01 April 2015 9,288
    Balance at 31 March 2016 9,409