Abbreviated Company Accounts - DAISY FILMS LIMITED

Abbreviated Company Accounts - DAISY FILMS LIMITED


Registered Number NI619924

DAISY FILMS LIMITED

Abbreviated Accounts

31 August 2016

DAISY FILMS LIMITED Registered Number NI619924

Abbreviated Balance Sheet as at 31 August 2016

Notes 2016 2015
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets - -
Tangible assets 2 272 454
272 454
Current assets
Debtors 810 1,573
Cash at bank and in hand 12,785 13,360
13,595 14,933
Creditors: amounts falling due within one year (12,279) (7,786)
Net current assets (liabilities) 1,316 7,147
Total assets less current liabilities 1,588 7,601
Total net assets (liabilities) 1,588 7,601
Capital and reserves
Called up share capital 10 10
Profit and loss account 1,578 7,591
Shareholders' funds 1,588 7,601
  • For the year ending 31 August 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.

Approved by the Board on 9 December 2016

And signed on their behalf by:
Ms H Murray, Director

DAISY FILMS LIMITED Registered Number NI619924

Notes to the Abbreviated Accounts for the period ended 31 August 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015)

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently.

Turnover policy
Turnover represents amounts receivable for services net of trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual values of each over its expected useful life, as follows:
Computer Equipment 25% Straight line

Other accounting policies
Foreign Currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterlings at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of transaction. All differences are taken to profit and loss account.

2Tangible fixed assets
£
Cost
At 1 September 2015 734
Additions -
Disposals -
Revaluations -
Transfers -
At 31 August 2016 734
Depreciation
At 1 September 2015 280
Charge for the year 182
On disposals -
At 31 August 2016 462
Net book values
At 31 August 2016 272
At 31 August 2015 454