ORBIT_FILMS_LIMITED - Accounts


Company Registration No. 00610232 (England and Wales)
ORBIT FILMS LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014
ORBIT FILMS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2014
31 March 2014
- 1 -
2014
2013
Notes
£
£
£
£
Current assets
Creditors: amounts falling due within one year
(5,679)
(5,000)
Total assets less current liabilities
(5,679)
(5,000)
Creditors: amounts falling due after more than one year
(28,454)
(28,454)
(34,133)
(33,454)
Capital and reserves
Called up share capital
2
100 
100 
Profit and loss account
(34,233)
(33,554)
Shareholders' funds
(34,133)
(33,454)
For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board and authorised for issue on 13 August 2014
Mr David Malyon
Director
Company Registration No. 00610232
ORBIT FILMS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention.
The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cashflow statement on the grounds that it is a small company.
1.2
Compliance with accounting standards
The accounts have been prepared in accordance with applicable accounting standards.
1.3
Deferred taxation
Deferred taxation is provided at appropriate rates on all timing differences using the liability method only to the extent that, in the opinion of the director, there is a reasonable probability that a liability or asset will crystallise in the foreseeable future.
2
Share capital
2014
2013
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100 
100 
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