VOICE_PRODUCTIONS_LIMITED - Accounts

VOICE PRODUCTIONS LIMITED - Company Information

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Company Registration No. 07447166 (England and Wales)

VOICE PRODUCTIONS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2013

VOICE PRODUCTIONS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

VOICE PRODUCTIONS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2013

- 1 -

2013

2012

Notes

Current assets

Debtors

11,098

41,467

Cash at bank and in hand

1,498

11,551

12,596

53,018

Creditors: amounts falling due within one year

(63,038)

(104,978)

Total assets less current liabilities

(50,442)

(51,960)

Creditors: amounts falling due after more than one year

(75,000)

(125,442)

(126,960)

Capital and reserves

Called up share capital

100

Profit and loss account

(125,542)

(127,060)

Shareholders' funds

(125,442)

(126,960)

For the financial year ended 30 November 2013 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 abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 22 August 2014

A P Fabian

Director

Company Registration No. 07447166

VOICE PRODUCTIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2013

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The nature of the company's business is such that there can be considerable unpredictable variation in the timing of cash inflows. The directors have prepared projected cash flow information for the period ending 9 months from the date of their approval of these financial statements. On the basis of this cash flow information and discussions with the company's investor, the directors consider that the company will continue to operate within the amount currently agreed. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Share capital

2013

2012

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Related party relationships and transactions

Loans to directors

Transactions in relation to loans with directors during the year are outlined in the table below:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

A P Fabian - Loan

4.00

5,714

(13,276)

(7,524)

J F Dunworth - Loan

4.00

6,150

(10,000)

(3,809)

11,864

(23,276)

(11,333)

The above loans were repaid in full by the directors by 31 January 2013. Interest was charged on the loan when the balance exceeded £5,000.

Other transactions - guarantees

The directors have personally guaranteed the repayment of £75,000 of the original loan used to finance the series. At the year end £30,000 of this loan had been repaid and a further £45,000 was repaid by January 2014. This fully satisfies the amount guaranteed by the directors.