IAC Theatrical Management Limited - Limited company - abbreviated - 11.6
IAC Theatrical Management Limited - Limited company - abbreviated - 11.6
REGISTERED NUMBER: |
Abbreviated Unaudited Accounts |
for the Year Ended |
31 July 2014 |
for |
IAC Theatrical Management Limited |
IAC Theatrical Management Limited (Registered number: 01194028) |
Contents of the Abbreviated Accounts |
for the Year Ended 31 July 2014 |
Page |
Company Information | 1 |
Chartered Accountants' Report | 2 |
Abbreviated Balance Sheet | 3 |
Notes to the Abbreviated Accounts | 5 |
IAC Theatrical Management Limited |
Company Information |
for the Year Ended 31 July 2014 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
IAC Theatrical Management Limited |
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 three to seven) 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 IAC Theatrical Management Limited for the year ended 31 July 2014 |
which comprise the Profit and Loss Account, the Balance Sheet, the Cash Flow Statement, the Statement |
of Total Recognised Gains and Losses 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 IAC Theatrical Management 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 IAC Theatrical Management Limited and state those matters that we have agreed to state to the Board of Directors of IAC Theatrical Management 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 IAC Theatrical Management 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 loss of IAC Theatrical Management Limited. You consider that IAC Theatrical Management 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 IAC Theatrical |
Management 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. |
Chartered Accountants |
29 April 2015 |
IAC Theatrical Management Limited (Registered number: 01194028) |
Abbreviated Balance Sheet |
31 July 2014 |
31.7.14 | 31.7.13 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
Investments | 3 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 4 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
4 |
( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
IAC Theatrical Management Limited (Registered number: 01194028) |
Abbreviated Balance Sheet - continued |
31 July 2014 |
31.7.14 | 31.7.13 |
Notes | £ | £ | £ | £ |
CAPITAL AND RESERVES |
Called up share capital | 5 |
Revaluation reserve |
Profit and loss account | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
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 were approved by the Board of Directors on behalf by: |
IAC Theatrical Management Limited (Registered number: 01194028) |
Notes to the Abbreviated Accounts |
for the Year Ended 31 July 2014 |
1. | ACCOUNTING POLICIES |
Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by |
the revaluation of certain assets and in accordance with the Financial Reporting Standard for |
Smaller Entities (effective April 2008). |
Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
Tangible fixed assets |
Land and buildings | - |
Plant and machinery etc | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
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 profit and loss account on a straight line |
basis over the period of the lease. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the |
company's pension scheme are charged to the profit and loss account in the period to which they |
relate. |
IAC Theatrical Management Limited (Registered number: 01194028) |
Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 July 2014 |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST OR VALUATION |
At 1 August 2013 |
Additions |
Revaluations |
At 31 July 2014 |
DEPRECIATION |
At 1 August 2013 |
Charge for year |
At 31 July 2014 |
NET BOOK VALUE |
At 31 July 2014 |
At 31 July 2013 |
3. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
At 1 August 2013 | 19,998 |
Additions | 20,000 |
At 31 July 2014 | 39,998 |
NET BOOK VALUE |
At 31 July 2014 |
At 31 July 2013 |
4. | CREDITORS |
Creditors include an amount of £ |
5. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.7.14 | 31.7.13 |
value: | £ | £ |
Ordinary | £1 |
IAC Theatrical Management Limited (Registered number: 01194028) |
Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 July 2014 |
6. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES. |
The following advances and credits to a director subsisted during the years ended 31 July 2014 and |
31 July 2013: |
31.7.14 | 31.7.13 |
£ | £ |
Balance outstanding at start of year |
Amounts repaid |
Balance outstanding at end of year |
The loan is interest free with no fixed date for repayment. |