DLN Films Ltd - Period Ending 2014-09-30

Registration number: 07775143

DLN Films Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2014
 

Carpenter Keen LLP
Chartered Accountants
Grand Prix House
102-104 Sheen Road
Richmond
Surrey
TW9 1UF

DLN Films Ltd
(Registration number: 07775143)
Abbreviated Balance Sheet at 30 September 2014

		Note			2014 £			2013 £
Fixed assets
Intangible fixed assets					-			7,311
Tangible fixed assets					2,481			2,401
					2,481			9,712
Current assets
Debtors					141,979			98,694
Cash at bank and in hand					1			1
					141,980			98,695
Creditors: Amounts falling due within one year					(143,457)			(107,069)
Net current liabilities					(1,477)			(8,374)
Total assets less current liabilities					1,004			1,338
Provisions for liabilities					(496)			(840)
Net assets					508			498
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					408			398
Shareholders' funds					508			498

For the year ending 30 September 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 director acknowledges his 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 director on 19 June 2015

.........................................
J R Simpson
Director

The notes on pages 2 to 3 form part of these financial statements.
Page 1

DLN Films Ltd
Notes to the Abbreviated Accounts
for the Year Ended 30 September 2014

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Film rights	In proportion to receipts from exploitation

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	25% straight line

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

DLN Films Ltd
Notes to the Abbreviated Accounts
for the Year Ended 30 September 2014

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 October 2013		65,557			4,201			69,758
Additions		35,088			1,506			36,594
At 30 September 2014		100,645			5,707			106,352
Depreciation
At 1 October 2013		58,246			1,800			60,046
Charge for the year		42,399			1,426			43,825
At 30 September 2014		100,645			3,226			103,871
Net book value
At 30 September 2014		-			2,481			2,481
At 30 September 2013		7,311			2,401			9,712

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 3