Recovery Films Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC381445 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 31 July 2014

for

Recovery Films Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr R Fenton

Mr B McKee

Mr B McGurk

REGISTERED OFFICE:

33 Strude Mill

Alva

CLACKMANNANSHIRE

FK12 5JW

REGISTERED NUMBER:

SC381445 (Scotland)

ACCOUNTANTS:

Wagner Associates Limited

The Connal Building

34 West George Street

Glasgow

G2 1DA

FIXED ASSETS

Tangible assets

2

5,288

8,478

CURRENT ASSETS

Cash at bank

-

1,223

CREDITORS

Amounts falling due within one year

961

245

NET CURRENT (LIABILITIES)/ASSETS

(961

)

978

TOTAL ASSETS LESS CURRENT LIABILITIES

4,327

9,456

PROVISIONS FOR LIABILITIES

1,058

1,696

NET ASSETS

3,269

7,760

RESERVES

Income and expenditure account

3,269

7,760

3,269

7,760

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 27 April 2015 and were signed on its behalf by:

Mr R Fenton - 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 services. The company is not registered for value added tax.

Tangible fixed assets

Tangible fixed assets are written off over their expected useful lives.

Deferred tax

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the income and expenditure account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

and 31 July 2014

12,759

DEPRECIATION

At 1 August 2013

4,281

Charge for year

3,190

At 31 July 2014

7,471

NET BOOK VALUE

At 31 July 2014

5,288

At 31 July 2013

8,478

3.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Within cost of sales is £2,800 invoiced work done by Mr B McGurk in his capacity as director of video production on

projects with Coalfields Regeneration Trust.