Arts Corporate & Entertainment Productio - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02807113 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2019

FOR

ARTS CORPORATE & ENTERTAINMENT

PRODUCTIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A P Lesley

REGISTERED OFFICE:

17 Shaftesbury

Loughton

Essex

IG10 1HN

REGISTERED NUMBER:

02807113 (England and Wales)

ACCOUNTANTS:

Gane Jackson Scott LLP

Chartered Certified Accountants

Second Floor, Kestrel House

Falconry Court

Bakers Lane

Epping

Essex

CM16 5BD

FIXED ASSETS

Tangible assets

4

2,799

3,638

CURRENT ASSETS

Stocks

54,631

55,836

Debtors

5

12,046

5,735

Cash at bank

67,538

59,792

134,215

121,363

CREDITORS

Amounts falling due within one year

6

38,524

45,928

NET CURRENT ASSETS

95,691

75,435

TOTAL ASSETS LESS CURRENT LIABILITIES

98,490

79,073

PROVISIONS FOR LIABILITIES

415

562

NET ASSETS

98,075

78,511

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

7

97,975

78,411

SHAREHOLDERS' FUNDS

98,075

78,511

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 14 October 2019 and were signed by:

A P Lesley - Director

1.	STATUTORY INFORMATION

Arts Corporate & Entertainment 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.

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 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.

Fixtures and fittings

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 May 2018

46,560

Additions

83

At 30 April 2019

46,643

DEPRECIATION

At 1 May 2018

42,922

Charge for year

922

At 30 April 2019

43,844

NET BOOK VALUE

At 30 April 2019

2,799

At 30 April 2018

3,638

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

4,631

-

Other debtors

1,500

-

Prepayments

5,915

5,735

12,046

5,735

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

19,881

27,186

Tax

8,932

7,506

Social security and other taxes

371

563

VAT

3,187

3,981

Other creditors

2,355

2,352

Directors' current accounts

437

1,350

Accrued expenses

3,361

2,990

38,524

45,928

7.

RESERVES

Retained

earnings

£

At 1 May 2018

78,411

Profit for the year

38,082

Dividends

(18,518

)

At 30 April 2019

97,975