| Late Tuesday Night Productions Ltd |
| Registered number: |
02694241 |
| Balance Sheet |
| as at 30 April 2018 |
|
| Notes |
|
|
2018 |
|
|
2017 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
57,151 |
|
|
42,013 |
|
| Current assets |
| Debtors |
4 |
|
49,007 |
|
|
80,651 |
| Cash at bank and in hand |
|
|
93,274 |
|
|
46,045 |
|
|
|
142,281 |
|
|
126,696 |
|
| Creditors: amounts falling due within one year |
5 |
|
(103,370) |
|
|
(99,674) |
|
| Net current assets |
|
|
|
38,911 |
|
|
27,022 |
|
| Total assets less current liabilities |
|
|
|
96,062 |
|
|
69,035 |
|
|
| Provisions for liabilities |
|
|
|
(10,161) |
|
|
(7,132) |
|
|
| Net assets |
|
|
|
85,901 |
|
|
61,903 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
6 |
|
|
6 |
| Profit and loss account |
|
|
|
85,895 |
|
|
61,897 |
|
| Shareholders' funds |
|
|
|
85,901 |
|
|
61,903 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| P G Y Sun |
| Director |
| Approved by the board on 24 January 2019 |
|
| Late Tuesday Night Productions Ltd |
| Notes to the Accounts |
| for the year ended 30 April 2018 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Office Equipment |
over 3.33 years |
|
Hire equipment |
over 3.33 years |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is the invoice price). Loans and other financial liabilities are initially recognised at transaction price. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2018 |
|
2017 |
| Number |
Number |
|
|
Average number of persons employed by the company |
3 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Office equipment |
|
Hire equipment |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 May 2017 |
5,812 |
|
235,876 |
|
241,688 |
|
Additions |
3,977 |
|
61,601 |
|
65,578 |
|
At 30 April 2018 |
9,789 |
|
297,477 |
|
307,266 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 May 2017 |
4,760 |
|
194,915 |
|
199,675 |
|
Charge for the year |
1,852 |
|
48,588 |
|
50,440 |
|
At 30 April 2018 |
6,612 |
|
243,503 |
|
250,115 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 April 2018 |
3,177 |
|
53,974 |
|
57,151 |
|
At 30 April 2017 |
1,052 |
|
40,961 |
|
42,013 |
|
|
| 4 |
Debtors |
2018 |
|
2017 |
| £ |
£ |
|
|
Trade debtors |
42,641 |
|
74,581 |
|
Other debtors |
6,366 |
|
6,070 |
|
|
|
|
|
|
49,007 |
|
80,651 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2018 |
|
2017 |
| £ |
£ |
|
|
Shareholders loan account |
58,000 |
|
42,000 |
|
Trade creditors |
18,454 |
|
33,615 |
|
Taxation and social security costs |
26,498 |
|
23,688 |
|
Other creditors |
418 |
|
371 |
|
|
|
|
|
|
103,370 |
|
99,674 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
D P Blinston |
|
Directors loan account |
371 |
|
(17,921) |
|
17,968 |
|
418 |
|
|
|
371 |
|
(17,921) |
|
17,968 |
|
418 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Related party transactions |
|
|
One of company shareholders, Sunequip Ltd, is a related party. The sum of £58,000 remains owing to Sunequip Ltd at the year end. |
|
|
| 8 |
Controlling party |
|
|
The company is controlled by its directors. |
|
|
| 9 |
Other information |
|
|
Late Tuesday Night Productions Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
Unit 2 The Calvert Centre |
|
Woodmancott |
|
Winchester |
|
Hampshire |
|
SO21 3BN |
