RED_PILL_PRODUCTIONS_LIMI - Accounts

RED PILL PRODUCTIONS LIMITED - Company Information

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Company Registration No. 07079205 (England and Wales)

RED PILL PRODUCTIONS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2014

RED PILL PRODUCTIONS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

RED PILL PRODUCTIONS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

10,375

1,611

Current assets

Debtors

112,728

62,562

Cash at bank and in hand

120,199

128,072

232,927

190,634

Creditors: amounts falling due within one year

(103,174)

(126,407)

Net current assets

129,753

64,227

Total assets less current liabilities

140,128

65,838

Capital and reserves

Called up share capital

Profit and loss account

140,126

65,836

Shareholders' funds

140,128

65,838

For the financial year ended 30 November 2014 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 16 June 2015

M Brady

Director

Company Registration No. 07079205

RED PILL PRODUCTIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2014

- 2 -

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).

1.2

Turnover

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

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

33% Straight line

1.4

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

1.5

Financial Instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.

Fixed assets

Tangible assets

Cost

At 1 December 2013

6,177

Additions

15,562

Disposals

(6,177)

At 30 November 2014

15,562

Depreciation

At 1 December 2013

4,566

On disposals

(4,566)

Charge for the year

5,187

At 30 November 2014

5,187

Net book value

At 30 November 2014

10,375

At 30 November 2013

1,611

RED PILL PRODUCTIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

2 Ordinary shares of £1 each

Transactions with directors

During the year the company advanced £35,393 (2013: £803) to M Brady, a director of the company. At the year end the company was owed £3,978 (2013: £29,486 owed by the company) by M Brady.

During the year the company advanced £30,071 (2013: £800) to L Corrigan, a director of the company.