Spin Off Productions Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05318712 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2019

for

Spin Off Productions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

5

DIRECTORS:

V M R Dufton

Mrs S E Jones

Mrs J M Capes

D A Cook

Mrs A M Grantham

Mrs G M S Lunn

M A Gosling

SECRETARY:

V M R Dufton

REGISTERED OFFICE:

Centre 88

Saner Street

HULL

East Yorkshire

HU3 2TR

REGISTERED NUMBER:

05318712 (England and Wales)

ACCOUNTANTS:

cbaSadofskys

Chartered Accountants

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

FIXED ASSETS

Tangible assets

4

179

133

CURRENT ASSETS

Debtors

5

346

278

Cash at bank

18,253

20,543

18,599

20,821

CREDITORS

Amounts falling due within one year

6

13,177

17,632

NET CURRENT ASSETS

5,422

3,189

TOTAL ASSETS LESS CURRENT LIABILITIES

5,601

3,322

RESERVES

Income and expenditure account

5,601

3,322

5,601

3,322

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2019 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 surplus or deficit 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 31st July 2019 and were signed on its behalf by:

V M R Dufton - Director

Mrs S E Jones - Director

1.	STATUTORY INFORMATION

Spin Off Productions Limited is a private company, limited by guarantee , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales together with grant income.

Grant income provided for specific projects is credited to income as the project progresses. Grants received

which relate to future expenditure are shown as deferred income and released to income as the expenditure is

incurred. Surpluses on projects are only taken to profit where the project outcome can be predicted with

reasonable certainty.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment

-

33% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Equipment

£

COST

At 1st April 2018

5,210

Additions

269

At 31st March 2019

5,479

DEPRECIATION

At 1st April 2018

5,077

Charge for year

223

At 31st March 2019

5,300

NET BOOK VALUE

At 31st March 2019

179

At 31st March 2018

133

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

300

250

Prepayments

46

28

346

278

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Deferred income

12,410

16,936

Accrued expenses

767

696

13,177

17,632

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 Statement of Comprehensive Income and certain other primary

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

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Spin Off Productions Limited for the year ended 31st March 2019 which comprise the Statement

of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Spin Off Productions Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Spin Off Productions Limited and state those matters that we have agreed to state to the Board of Directors of Spin Off Productions Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Spin Off Productions Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Spin Off Productions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Spin Off Productions Limited. You consider that Spin Off Productions Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Spin Off Productions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

cbaSadofskys

Chartered Accountants

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

6th August 2019