E O S Films.TV Ltd Filleted accounts for Companies House (small and micro)

E O S Films.TV Ltd Filleted accounts for Companies House (small and micro)

E O S FILMS. TV LTD - Company Information

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COMPANY REGISTRATION NUMBER: 09036779
E O S FILMS.TV LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 August 2019
E O S FILMS.TV LTD
FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2019
Contents
Page
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
3
E O S FILMS.TV LTD
OFFICERS AND PROFESSIONAL ADVISERS
The board of directors
Prof. R H Cassen
Mrs. S Sun
Registered office
Lynton House
7-12 Tavistock Square
London
WC1H 9BQ
Accountants
BSG Valentine (UK) LLP
Chartered Accountants
Lynton House
7-12 Tavistock Square
London WC1H 9BQ
E O S FILMS.TV LTD
STATEMENT OF FINANCIAL POSITION
31 August 2019
2019
2018
Note
£
£
£
£
Current assets
Debtors
4
278,778
309,849
Cash at bank and in hand
183,082
103,442
---------
---------
461,860
413,291
Creditors: amounts falling due within one year
5
( 535,357)
( 519,157)
---------
---------
Net current liabilities
( 73,497)
( 105,866)
--------
---------
Total assets less current liabilities
( 73,497)
( 105,866)
--------
---------
Net liabilities
( 73,497)
( 105,866)
--------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 73,597)
( 105,966)
--------
---------
Shareholders deficit
( 73,497)
( 105,866)
--------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 August 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 13 May 2020 , and are signed on behalf of the board by:
Prof. R H Cassen
Director
Company registration number: 09036779
E O S FILMS.TV LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2019
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lynton House, 7-12 Tavistock Square, London, WC1H 9BQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company is reliant on the on-going support of its directors.
The company has made positive results for this financial year and is expecting positive results for the next financial year. The directors, therefore, believe that it is appropriate to prepare the financial statements on the going concern basis.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Debtors
2019
2018
£
£
Other debtors
278,778
309,849
---------
---------
5. Creditors: amounts falling due within one year
2019
2018
£
£
Trade creditors
12,298
1,093
Other creditors
523,059
518,064
---------
---------
535,357
519,157
---------
---------
6. Directors' advances, credits and guarantees
At the Balance Sheet date the company owed a director £510,714 (2018: £510,714). This amount is interest free and repayable on demand.