Filmscape Media Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06263285 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2014

FOR

FILMSCAPE MEDIA LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J D H Gordon

Mr K Harvey

REGISTERED OFFICE:

The Perfume Factory

140 Wales Farm Road

London

W3 6UG

REGISTERED NUMBER:

06263285 (England and Wales)

ACCOUNTANTS:

Wem & Co Chartered Accountants

Savoy House

Savoy Circus

London

W3 7DA

FIXED ASSETS

Intangible assets

2

21,450

28,600

Tangible assets

3

2,313,709

1,994,763

2,335,159

2,023,363

CURRENT ASSETS

Debtors

345,419

144,454

Cash at bank

144,090

99,238

489,509

243,692

CREDITORS

Amounts falling due within one year

1,101,372

841,591

NET CURRENT LIABILITIES

(611,863

)

(597,899

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,723,296

1,425,464

CREDITORS

Amounts falling due after more than one year

(1,111,713

)

(876,896

)

PROVISIONS FOR LIABILITIES

-

(49,216

)

NET ASSETS

611,583

499,352

CAPITAL AND RESERVES

Called up share capital

4

118

118

Share premium

49,957

49,957

Profit and loss account

561,508

449,277

SHAREHOLDERS' FUNDS

611,583

499,352

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 11 March 2015 and were signed on its behalf by:

J D H Gordon - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

at varying rates on cost

Deferred tax

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

sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts, finance leases and operating leases are capitalised in the balance

sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held

under finance or operating leases are depreciated over their estimated useful lives or the lease term, whichever is

the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

and 30 June 2014

71,500

AMORTISATION

At 1 July 2013

42,900

Amortisation for year

7,150

At 30 June 2014

50,050

NET BOOK VALUE

At 30 June 2014

21,450

At 30 June 2013

28,600

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

2,639,772

Additions

414,004

At 30 June 2014

3,053,776

DEPRECIATION

At 1 July 2013

645,009

Charge for year

95,058

At 30 June 2014

740,067

NET BOOK VALUE

At 30 June 2014

2,313,709

At 30 June 2013

1,994,763

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.14

30.6.13

value:

£

£

118

Ordinary

1

118

118