Abbreviated Company Accounts - BUSTER PRODUCTIONS LIMITED

Abbreviated Company Accounts - BUSTER PRODUCTIONS LIMITED

BUSTER PRODUCTIONS LIMITED - Company Information

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Registered Number 04175827

BUSTER PRODUCTIONS LIMITED

Abbreviated Accounts

31 May 2014

BUSTER PRODUCTIONS LIMITED Registered Number 04175827

Abbreviated Balance Sheet as at 31 May 2014

Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 2,500,000 3,750,000
Tangible assets 3 3,590 4,230
Investments 4 2,138,422 2,091,820
4,642,012 5,846,050
Current assets
Debtors 222,923 268,642
Cash at bank and in hand 5,264,097 4,995,201
5,487,020 5,263,843
Creditors: amounts falling due within one year (2,642,573) (3,120,094)
Net current assets (liabilities) 2,844,447 2,143,749
Total assets less current liabilities 7,486,459 7,989,799
Total net assets (liabilities) 7,486,459 7,989,799
Capital and reserves
Called up share capital 100 1
Revaluation reserve 138,323 91,820
Profit and loss account 7,348,036 7,897,978
Shareholders' funds 7,486,459 7,989,799
  • For the year ending 31 May 2014 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:
P O GRADY, Director

BUSTER PRODUCTIONS LIMITED Registered Number 04175827

Notes to the Abbreviated Accounts for the period ended 31 May 2014

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.

Turnover policy
Turnover represents amounts receivable for goods and services net of vat and trade discounts.

Tangible assets depreciation policy
Tamgible fixed assets are stated at cost or valuation less depreciation. Depreciation is providedat rates calculated to write off the cost or valuation less estiamted residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment 20% net book value

Intangible assets amortisation policy
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

Other accounting policies
Investments
Fixed asset investments are stated at cost less provision for diminuation in value.

2Intangible fixed assets
£
Cost
At 1 June 2013 5,000,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2014 5,000,000
Amortisation
At 1 June 2013 1,250,000
Charge for the year 1,250,000
On disposals -
At 31 May 2014 2,500,000
Net book values
At 31 May 2014 2,500,000
At 31 May 2013 3,750,000
3Tangible fixed assets
£
Cost
At 1 June 2013 20,950
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2014 20,950
Depreciation
At 1 June 2013 16,720
Charge for the year 640
On disposals -
At 31 May 2014 17,360
Net book values
At 31 May 2014 3,590
At 31 May 2013 4,230

4Fixed assets Investments
Holdings of more than 20%
The company holds more than 20% of the share capital of
Wildflower Productions Ltd, a uk incorporated company and hold 100% share capital
the company is dormant:
capital and reserves total £1,735,238 as at 2014
and in 2014 the loss for the year total £5,529