Awkward Films Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06861289 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Awkward Films Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D J Allen

C Dench

D Johnson

REGISTERED OFFICE:

85b Torriano Avenue

London

NW5 2RX

REGISTERED NUMBER:

06861289 (England and Wales)

CURRENT ASSETS

Debtors

3

240

(12

)

Cash at bank

32,628

54,018

32,868

54,006

CREDITORS

Amounts falling due within one year

4

14,500

35,527

NET CURRENT ASSETS

18,368

18,479

TOTAL ASSETS LESS CURRENT LIABILITIES

18,368

18,479

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

18,068

18,179

SHAREHOLDERS' FUNDS

18,368

18,479

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 6 December 2019 and were signed on its behalf by:

D Johnson - Director

1.	STATUTORY INFORMATION

Awkward Films Ltd 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

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

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.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

-

(312

)

Other debtors

240

300

240

(12

)

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Taxation and social security

-

4,727

Other creditors

14,500

30,800

14,500

35,527

5.	RELATED PARTY DISCLOSURES

Password Productions Ltd

A company in which D Johnson is also a director.

During the year Password Productions Ltd lent the company £NIL (2018: £NIL), the

company repaid Password Productions Ltd £15,000 (2018: £NIL) As at the balance sheet

date Password Productions Ltd is owed £13,500 (2018: £28,500) by the company.

The amount classified as a current creditor and is repayable on demand, no interest is

charged.

6.	ULTIMATE CONTROLLING PARTY

There is no single ultimate controlling party. Control is shared between the three directors.