Halliford Studios Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 00546164 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Halliford Studios Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

E R Andrews

Mrs C A Andrews

C R Andrews

SECRETARY:

Mrs C A Andrews

REGISTERED OFFICE:

Manygate Lane

Shepperton

Middlesex

TW17 9EG

REGISTERED NUMBER:

00546164 (England and Wales)

ACCOUNTANTS:

Porter Garland

Communication House

Victoria Avenue

Camberley

Surrey

GU15 3HX

FIXED ASSETS

Tangible assets

4

919,371

914,167

CURRENT ASSETS

Stocks

8,000

8,000

Debtors

5

495,989

315,510

Cash at bank and in hand

31,293

260,964

535,282

584,474

CREDITORS

Amounts falling due within one year

6

532,103

573,505

NET CURRENT ASSETS

3,179

10,969

TOTAL ASSETS LESS CURRENT LIABILITIES

922,550

925,136

CREDITORS

Amounts falling due after more than one year

7

155,621

212,313

NET ASSETS

766,929

712,823

CAPITAL AND RESERVES

Called up share capital

25

25

Fair value reserve

8

418,493

418,493

Retained earnings

348,411

294,305

SHAREHOLDERS' FUNDS

766,929

712,823

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 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 Board of Directors on 19 August 2017 and were signed on its behalf by:

E R Andrews - Director

C R Andrews - Director

1.	STATUTORY INFORMATION

Halliford Studios 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.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2016

882,263

112,219

30,203

77,033

1,101,718

Additions

-

-

-

15,460

15,460

Disposals

-

-

-

(11,404

)

(11,404

)

At 31 March 2017

882,263

112,219

30,203

81,089

1,105,774

DEPRECIATION

At 1 April 2016

-

104,546

18,933

64,072

187,551

Charge for year

-

1,151

1,691

7,003

9,845

Eliminated on disposal

-

-

-

(10,993

)

(10,993

)

At 31 March 2017

-

105,697

20,624

60,082

186,403

NET BOOK VALUE

At 31 March 2017

882,263

6,522

9,579

21,007

919,371

At 31 March 2016

882,263

7,673

11,270

12,961

914,167

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

423,969

276,007

Other debtors

72,020

39,503

495,989

315,510

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans and overdrafts

48,600

51,852

Trade creditors

210,805

366,016

Taxation and social security

88,975

55,669

Other creditors

183,723

99,968

532,103

573,505

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans

155,621

212,313

8.

RESERVES

Fair

value

reserve

£

At 1 April 2016

and 31 March 2017

418,493

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2017 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Porter Garland

Communication House

Victoria Avenue

Camberley

Surrey

GU15 3HX

19 August 2017