Swan Media Productions Limited,Ltd - AccountsLtd - Accounts

Swan Media Productions Limited,Ltd - AccountsLtd - Accounts


2016-04-01065182202017-03-31065182202016-04-012017-03-31065182202016-03-31065182202015-04-012016-03-3106518220uk-core:WithinOneYear2016-03-3106518220uk-core:WithinOneYear2017-03-3106518220uk-core:ShareCapital2017-03-3106518220uk-core:ShareCapital2016-03-3106518220uk-core:RetainedEarningsAccumulatedLosses2017-03-3106518220uk-core:RetainedEarningsAccumulatedLosses2016-03-3106518220uk-bus:Director12016-04-012017-03-3106518220uk-core:ToolsEquipment2016-04-012017-03-3106518220uk-core:FurnitureFittings2016-04-012017-03-3106518220uk-core:ToolsEquipment2016-03-3106518220uk-core:FurnitureFittings2016-03-3106518220uk-core:FurnitureFittings2017-03-3106518220uk-core:ToolsEquipment2017-03-31iso4217:GBP06518220uk-bus:AuditExempt-NoAccountantsReport2016-04-012017-03-3106518220uk-bus:FRS1022016-04-012017-03-3106518220uk-bus:FullAccounts2016-04-012017-03-3106518220uk-bus:PrivateLimitedCompanyLtd2016-04-012017-03-31
Swan Media Productions Limited
Registered Number:06518220
For the year ended 31 March 2017
England and Wales
Unaudited Financial Statements
2
As at 31 March 2017
Swan Media Productions Limited
Statement of Financial Position
Registered Number :
06518220
£
£
2016
2017
Notes
Fixed assets
Property, plant and equipment
5,166
8,041
2
5,166
8,041
Current assets
Trade and other receivables
79,989
126,501
3
77,058
Cash and cash equivalents
95,248
221,749
157,047
Trade and other payables: amounts falling due within one
year
(91,988)
(128,336)
4
65,059
93,413
Net current assets
Total assets less current liabilities
98,579
73,100
98,579
Net assets
73,100
Capital and reserves
Called up share capital
1,100
1,100
Retained earnings
97,479
72,000
98,579
73,100
Shareholders' funds
For the year ended 31 March 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
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.
Mr David James Freeman Director
These financial statements were approved and authorised for issue by the Board on 21 December 2017 and were signed by:
The notes form part of these financial statements
1 of 4
3
For the year ended 31 March 2017
Swan Media Productions Limited
Notes to the Financial Statements
Statutory Information
Swan Media Productions Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 06518220.
Principal place of business:
61 Church Street
Old Isleworth
Twickenham
TW7 6BE
Registered address:
82 Wandsworth Bridge Road
London
SW6 2TF
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25 % Reducing balance
Computer equipment
25 % Reducing balance
Fixtures and fittings
2 of 4
4
For the year ended 31 March 2017
Swan Media Productions Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
£
£
£
Cost or
valuation
At 01 April 2016
25,673
23,605
2,068
951
951
-
Additions
(16,682)
(1,106)
Disposals
(17,788)
At 31 March 2017
962
7,874
8,836
Provision for depreciation and impairment
At 01 April 2016
17,632
16,491
1,141
Charge for year
1,459
1,287
172
(15,421)
(14,495)
(926)
On disposal
At 31 March 2017
3,670
3,283
387
At 31 March 2017
Net book value
575
4,591
5,166
At 31 March 2016
927
7,114
8,041
3. Trade and other receivables
2016
2017
£
£
Trade debtors
126,501
79,707
Taxation and social security
-
282
79,989
126,501
4. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Trade creditors
5,914
15,773
Taxation and social security
16,807
-
Accruals and deferred income
4,200
4,200
Directors' current accounts
101,415
70,623
Other creditors
-
1,392
128,336
91,988
3 of 4
5
For the year ended 31 March 2017
Swan Media Productions Limited
Notes to the Financial Statements Continued
5. Transition to FRS 102
This is the first financial year that the Company has presented its financial statements in accordance with FRS 102
Section1A "The Financial Reporting Framework Applicable in the UK and Republic of Ireland' ('FRS 102'). For
financial years up to and including the year ended 31 March 2016, the Company prepared its financial statements in
accordance with Financial Reporting Standard for Smaller Entities. The Company's date of transition to FRS 102 is
therefore 1 April 2015. This note sets out any changes to accounting policies and transitional adjustments that are
required for first time transition to FRS 102. There are no changes to the accounting policies nor balances relating to
the financial year ending 31 March 2017 as a result of this transition.
4 of 4