Registered Number 08136318

10 THINGS FILMS LIMITED

Abbreviated Accounts

30 July 2013

10 THINGS FILMS LIMITED Registered Number 08136318

Abbreviated Balance Sheet as at 30 July 2013

Notes 2013
£
Current assets
Debtors 3,069,782
Cash at bank and in hand 335
3,070,117
Creditors: amounts falling due within one year (73,039)
Net current assets (liabilities) 2,997,078
Total assets less current liabilities 2,997,078
Total net assets (liabilities) 2,997,078
Capital and reserves
Called up share capital 11,747
Share premium account 3,101,888
Profit and loss account (116,557)
Shareholders' funds 2,997,078
  • For the year ending 30 July 2013 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 27 February 2015

And signed on their behalf by:
Mr G Smith, Director
Director, Director

10 THINGS FILMS LIMITED Registered Number 08136318

Notes to the Abbreviated Accounts for the period ended 30 July 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

At 31 July 2013 the company's balance sheet shows a negative profit and loss account. The directors have pledged their continued support to provide financial assistance to the company as required and as such believe it is appropriate to prepare the accounts on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future. If the company were unable to continue in operational existence for the foreseeable future, adjustments would have to be made to reduce the balance sheet values of assets to their recoverable amounts, and to provide for any further liabilities that might arise, and to reclassify assets and long term liabilities as current assets and liabilities.

Other accounting policies
Compliance with accounting standards:
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except stated otherwise).

Revenue recognition:
Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for its services of film production.

Deferred taxation:
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

2Transactions with directors

Name of director receiving advance or credit: G Smith
Description of the transaction: Loan
Balance at 10 July 2012: -
Advances or credits made: £ 2,530
Advances or credits repaid: £ 0
Balance at 30 July 2013: £ 2,530

Name of director receiving advance or credit: C Akers
Description of the transaction: Loan
Balance at 10 July 2012: -
Advances or credits made: £ 2,530
Advances or credits repaid: £ 0
Balance at 30 July 2013: £ 2,530