Flatpack Productions Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04589699 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2018

FOR

FLATPACK PRODUCTIONS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

I K Duncan

S M Duncan

A Hale

S Sherbourne

SECRETARY:

I K Duncan

REGISTERED OFFICE:

2 Jardine House

Harrovian Business Village

Harrow

Middlesex

HA1 3EX

REGISTERED NUMBER:

04589699 (England and Wales)

ACCOUNTANTS:

Barber & Company

A trading name of PCM Accounting Limited

2 Jardine House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

FIXED ASSETS

Property, plant and equipment

3

2,992

1,728

CURRENT ASSETS

Debtors

4

2,570

2,882

Cash at bank

12,039

14,332

14,609

17,214

CREDITORS

Amounts falling due within one year

5

4,660

5,542

NET CURRENT ASSETS

9,949

11,672

TOTAL ASSETS LESS CURRENT LIABILITIES

12,941

13,400

PROVISIONS FOR LIABILITIES

6

547

307

NET ASSETS

12,394

13,093

CAPITAL AND RESERVES

Called up share capital

7

100

100

Share premium

8,975

8,975

Retained earnings

3,319

4,018

SHAREHOLDERS' FUNDS

12,394

13,093

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2018 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 profit or loss 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 21 August 2019 and were signed on its behalf by:

I K Duncan - Director

1.	STATUTORY INFORMATION

Flatpack Productions Limited is a private company, limited by shares , registered in England and Wales. The

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

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

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Computer equipment

-

33% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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.	PROPERTY, PLANT AND EQUIPMENT

Computer

equipment

£

COST

At 1 December 2017

9,985

Additions

2,738

At 30 November 2018

12,723

DEPRECIATION

At 1 December 2017

8,257

Charge for year

1,474

At 30 November 2018

9,731

NET BOOK VALUE

At 30 November 2018

2,992

At 30 November 2017

1,728

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.18

30.11.17

£

£

Trade debtors

2,284

2,882

Corporation Tax recoverable

286

-

2,570

2,882

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.18

30.11.17

£

£

Corporation Tax

-

975

Directors' current accounts

3,160

3,160

Accruals and deferred income

1,500

1,407

4,660

5,542

6.	PROVISIONS FOR LIABILITIES

30.11.18

30.11.17

£

£

Deferred tax

547

307

Deferred

tax

£

Balance at 1 December 2017

307

Provided during year

240

Balance at 30 November 2018

547

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.18

30.11.17

value:

£

£

100

Ordinary

£1

100

100