Abbreviated Company Accounts - SOURCE PRODUCTIONS LTD

SOURCE PRODUCTIONS LTD - Company Information

Registered Number 06969542

SOURCE PRODUCTIONS LTD

Abbreviated Accounts

30 June 2014

SOURCE PRODUCTIONS LTD Registered Number 06969542

Abbreviated Balance Sheet as at 30 June 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	2,697	2,989
		2,697	2,989
Current assets
Debtors		51,974	49,878
Cash at bank and in hand		160,767	195,630
		212,741	245,508
Creditors: amounts falling due within one year		(30,357)	(16,997)
Net current assets (liabilities)		182,384	228,511
Total assets less current liabilities		185,081	231,500
Creditors: amounts falling due after more than one year		(70,727)	(130,883)
Total net assets (liabilities)		114,354	100,617
Capital and reserves
Called up share capital		100	100
Profit and loss account		114,254	100,517
Shareholders' funds		114,354	100,617

For the year ending 30 June 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 22 August 2014

And signed on their behalf by:
A Mitchell, Director

SOURCE PRODUCTIONS LTD Registered Number 06969542

Notes to the Abbreviated Accounts for the period ended 30 June 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery 20% reducing balance

2Tangible fixed assets

	£
Cost
At 1 July 2013	4,710
Additions	607
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2014	5,317
Depreciation
At 1 July 2013	1,721
Charge for the year	899
On disposals	-
At 30 June 2014	2,620
Net book values
At 30 June 2014	2,697
At 30 June 2013	2,989