Rapid Eye Movies Limited Small abbreviated accounts
Rapid Eye Movies Limited Small abbreviated accounts
COMPANY REGISTRATION NUMBER
02604370
ABBREVIATED BALANCE SHEET
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2016 |
2015 |
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Note |
£ |
£ |
£ |
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FIXED ASSETS |
2 |
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Tangible assets |
- |
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---- |
------- |
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CURRENT ASSETS
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Cash at bank and in hand |
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CREDITORS: Amounts falling due within one year |
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--------- |
--------- |
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NET CURRENT LIABILITIES |
(
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(
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--------- |
--------- |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
(
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(
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CREDITORS: Amounts falling due after more than one year |
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--------- |
--------- |
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(
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(
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--------- |
--------- |
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CAPITAL AND RESERVES
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Called up equity share capital |
3 |
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Profit and loss account |
(
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(
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--------- |
--------- |
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DEFICIT |
(
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(
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--------- |
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Directors' responsibilities:
-
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts were approved by the directors and authorised for issue on
27 February 2017
, and are signed on their behalf by:
Company Registration Number:
02604370
NOTES TO THE ABBREVIATED ACCOUNTS
YEAR ENDED 30 JUNE 2016
1.
ACCOUNTING POLICIES
Basis of accounting
Turnover
Fixed assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
2.
FIXED ASSETS
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Tangible Assets |
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|
£ |
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COST
|
At 1 July 2015 and 30 June 2016 |
21,339 |
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--------- |
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DEPRECIATION
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At 1 July 2015 |
19,389 |
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Charge for year |
1,950 |
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--------- |
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At 30 June 2016 |
21,339 |
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--------- |
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NET BOOK VALUE
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At 30 June 2016 |
– |
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---- |
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At 30 June 2015 |
1,950
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------- |
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3.
SHARE CAPITAL
Allotted, called up and fully paid:
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2016 |
2015 |
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No. |
£ |
No. |
£ |
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---- |
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CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE
DIRECTORS ON THE PREPARATION OF THE UNAUDITED
STATUTORY ACCOUNTS OF RAPID EYE MOVIES LIMITED
YEAR ENDED 30 JUNE 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Rapid Eye Movies Limited for the year ended 30 June 2016 which comprise the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.
This report is made solely to the Board of Directors of Rapid Eye Movies Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the abbreviated accounts of Rapid Eye Movies Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 02/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rapid Eye Movies Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Rapid Eye Movies Limited has kept adequate accounting records and to prepare statutory abbreviated accounts that give a true and fair view of the assets, liabilities, financial position and loss of Rapid Eye Movies Limited. You consider that Rapid Eye Movies Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the abbreviated accounts of Rapid Eye Movies Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory abbreviated accounts.