Spin Off Productions Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 05318712 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2014

for

Spin Off Productions Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

4

DIRECTORS:

Mrs H C Pallant

V M R Dufton

J L M Shotts

Miss P A Marr

Mrs S E Jones

Mrs K A Hunter

SECRETARY:

V M R Dufton

REGISTERED OFFICE:

Centre 88

Saner Street

HULL

East Yorkshire

HU3 2TR

REGISTERED NUMBER:

05318712 (England and Wales)

ACCOUNTANTS:

CBA (Accountants) Ltd

72 Lairgate

Beverley

East Yorkshire

HU17 8EU

FIXED ASSETS

Tangible assets

2

-

199

CURRENT ASSETS

Debtors

795

438

Cash at bank

10,126

8,965

10,921

9,403

CREDITORS

Amounts falling due within one year

7,831

10,610

NET CURRENT ASSETS/(LIABILITIES)

3,090

(1,207

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,090

(1,008

)

RESERVES

Income and expenditure account

3,090

(1,008

)

3,090

(1,008

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 surplus or deficit 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 26 June 2014 and were signed on its behalf by:

Mrs H C Pallant - 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 together with grant income.

Grant income provided for specific projects is credited to income as the project progresses. Grants received

which relate to future expenditure are shown as deferred income and released to income as the expenditure is

incurred. Surpluses on projects are only taken to profit where the project outcome can be predicted with

reasonable certainty.

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

-

33.33% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

2,437

DEPRECIATION

At 1 April 2013

2,238

Charge for year

199

At 31 March 2014

2,437

NET BOOK VALUE

At 31 March 2014

-

At 31 March 2013

199

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Spin Off Productions Limited for the year ended 31 March 2014 which comprise the Income and

Expenditure Account, the Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject

to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Spin Off Productions Limited, as a body, in accordance with our

terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Spin

Off Productions Limited and state those matters that we have agreed to state to the Board of Directors of Spin Off

Productions Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the

fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its

Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Spin Off Productions Limited has kept adequate accounting records and to prepare statutory

financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Spin Off

Productions Limited. You consider that Spin Off Productions Limited is exempt from the statutory audit requirement for

the year.

We have not been instructed to carry out an audit or a review of the financial statements of Spin Off Productions

Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

CBA (Accountants) Ltd

72 Lairgate

Beverley

East Yorkshire

HU17 8EU

4 July 2014