High Life Productions Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 08141508 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

FOR

HIGH LIFE PRODUCTIONS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Miss H Rosenberg

Mr L Watson

REGISTERED OFFICE:

115b Drysdale Street

Hoxton

London

N1 6ND

REGISTERED NUMBER:

08141508 (England and Wales)

ACCOUNTANTS:

P J Marks and Co. Ltd

Chartered Certified Accountants

115b Drysdale Street

Hoxton

London

N1 6ND

FIXED ASSETS

Tangible assets

2

7,914

10,552

CURRENT ASSETS

Debtors

5,054

11,724

Cash at bank and in hand

20,850

21,174

25,904

32,898

CREDITORS

Amounts falling due within one year

32,273

36,839

NET CURRENT LIABILITIES

(6,369

)

(3,941

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,545

6,611

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

1,543

6,609

SHAREHOLDERS' FUNDS

1,545

6,611

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 1 February 2017 and were signed on its behalf by:

Miss H Rosenberg - 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 equipment

-

25% on reducing balance

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

and 31 July 2016

18,221

DEPRECIATION

At 1 August 2015

7,669

Charge for year

2,638

At 31 July 2016

10,307

NET BOOK VALUE

At 31 July 2016

7,914

At 31 July 2015

10,552

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2

4.	RELATED PARTY DISCLOSURES

Miss H Rosenberg

A director and shareholder

2016

2015

£

Amount due to related party at the balance sheet date

7,988

5,919

Mr L Watson

A director and shareholder

2016

2015

£

Amount due to related party at the balance sheet date

5,970

442