Tmesis Theatre - Period Ending 2019-03-31

Registration number: 5572860

Tmesis Theatre

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2019

Whitnalls
Chartered Certified Accountants
44a Liverpool Road
Lydiate
Liverpool
Merseyside
L31 2LZ

Tmesis Theatre

Contents for the Year Ended 31 March 2019

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 4

Tmesis Theatre

Company Information for the Year Ended 31 March 2019

Directors

E Randle M S Furniss L C Orchard S E Ogle S E Lovell P T Flaherty G J Phillips

Company secretary

E Randle

Registered office

1 Maryland Street Liverpool L1 9DE

Accountants

Whitnalls Chartered Certified Accountants 44a Liverpool Road Lydiate Liverpool Merseyside L31 2LZ

Page 1

Tmesis Theatre

(Registration number: 5572860)
Balance Sheet as at 31 March 2019

	Note	2019 £	2018 £
Fixed assets
Tangible assets	3	1,811	2,131
Current assets
Debtors	4	1,571	2,240
Cash at bank and in hand		3,076	15,061
		4,647	17,301
Creditors: Amounts falling due within one year	5	(1,440)	(1,440)
Net current assets		3,207	15,861
Net assets		5,018	17,992
Capital and reserves
Restricted reserves	6	1,520	8,508
Income and expenditure account		3,498	9,484
Total equity		5,018	17,992

For the financial year ending 31 March 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income and Expenditure Account has been taken.

Approved and authorised by the Board on 22 April 2020 and signed on its behalf by:
 

......................................... E Randle Company secretary and director

......................................... L C Orchard Director

The notes on pages 3 to 4 form an integral part of these financial statements.

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Tmesis Theatre

Notes to the Financial Statements for the Year Ended 31 March 2019

1	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Equipment	15% pa on net book value.

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2018 - 8).

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Tmesis Theatre

Notes to the Financial Statements for the Year Ended 31 March 2019

3	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2018	6,464	6,464
At 31 March 2019	6,464	6,464
Depreciation
At 1 April 2018	4,333	4,333
Charge for the year	320	320
At 31 March 2019	4,653	4,653
Carrying amount
At 31 March 2019	1,811	1,811
At 31 March 2018	2,131	2,131

4

Debtors

	2019 £	2018 £
Prepayments	683	1,061
Other debtors	888	1,179
	1,571	2,240

5

Creditors

Creditors: amounts falling due within one year

	2019 £	2018 £
Due within one year
Accruals and deferred income	1,440	1,440

6	Restricted reserves

This represents amounts received less expended in respect of specific projects at the year end. The balance will be spent in the following period.

The company is limited by guarantee with a maximum liability of £5 due from each member in the event of dissolution.

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