Cineco Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 06549141 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2017

for

Cineco Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J A Moolenschot

SECRETARY:

REGISTERED OFFICE:

PO Box 5

Brentway

Brentford

London

TW8 8ES

REGISTERED NUMBER:

06549141 (England and Wales)

ACCOUNTANTS:

DNA Accountants Limited

Regency House

61a Walton Street

Walton-on-the-Hill

Surrey

KT20 7RZ

FIXED ASSETS

Tangible assets

4

66,595

54,232

CURRENT ASSETS

Debtors

5

884,603

820,593

Cash at bank

302,566

415,741

1,187,169

1,236,334

CREDITORS

Amounts falling due within one year

6

222,512

359,372

NET CURRENT ASSETS

964,657

876,962

TOTAL ASSETS LESS CURRENT LIABILITIES

1,031,252

931,194

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

1,031,251

931,193

SHAREHOLDERS' FUNDS

1,031,252

931,194

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 24 July 2017 and were signed by:

J A Moolenschot - Director

1.	STATUTORY INFORMATION

Cineco Limited is a private company, limited by shares , registered in England and Wales. The company's registered

number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

25% on reducing balance

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the

extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will

be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 July 2016

-

95,040

95,040

Additions

5,152

29,409

34,561

At 30 June 2017

5,152

124,449

129,601

DEPRECIATION

At 1 July 2016

-

40,808

40,808

Charge for year

1,288

20,910

22,198

At 30 June 2017

1,288

61,718

63,006

NET BOOK VALUE

At 30 June 2017

3,864

62,731

66,595

At 30 June 2016

-

54,232

54,232

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Trade debtors

109,639

207,581

Other debtors

774,964

613,012

884,603

820,593

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Trade creditors

(1

)

-

Taxation and social security

214,968

351,122

Other creditors

7,545

8,250

222,512

359,372

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £62,000 were paid to the director .

As at 30 June 2017, Mr J A Moolenschot, a director, owed the company £438,745 (30 June 2016 £492,205).

8.	ULTIMATE CONTROLLING PARTY