V & A Production Ltd - Accounts to registrar (filleted) - small 18.2
V & A Production Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 31 January 2021 |
| for |
| V & A Production Ltd |
| V & A Production Ltd (Registered number: 08847111) |
| Contents of the Financial Statements |
| for the Year Ended 31 January 2021 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| V & A Production Ltd |
| Company Information |
| for the Year Ended 31 January 2021 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Foresters Hall |
| 25/27 Westow Street |
| Upper Norwood |
| London |
| SE19 3RY |
| V & A Production Ltd (Registered number: 08847111) |
| Abridged Balance Sheet |
| 31 January 2021 |
| 31/1/21 | 31/1/20 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | ( |
) | ( |
) |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | 5 |
| 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. |
| V & A Production Ltd (Registered number: 08847111) |
| Abridged Balance Sheet - continued |
| 31 January 2021 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| V & A Production Ltd (Registered number: 08847111) |
| Notes to the Financial Statements |
| for the Year Ended 31 January 2021 |
| 1. | STATUTORY INFORMATION |
| V & A Production Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents net invoiced sales of services, excluding value added tax. Turnover is recognised when the company obtains right to consideration. |
| Tangible fixed assets |
| Computer equipment | - |
| Government grants |
| A government grant is assistance provided by government in the form of a transfer of resources to an entity in return for past or future compliance with specified conditions relating to the operating activities of the entity. A grant that becomes receivable as compensation for expenses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs shall be recognised in income in the period in which it becomes receivable. |
| Coronavirus Job Retention Scheme (CJRS) grant income and other grant income received in the year has been recognised in the profit and loss account in the period that the expense was incurred and the grant becomes receivable. |
| Bounce back loan scheme |
| The British Business Bank together with lenders provided a range of financial options including the Bounce Back Loan Scheme (BBLS). These loans are backed by a government guarantee and the government will make a Business Interruption payment to cover the first twelve months of interest payments. |
| At the year end a loan of £20,000 has been secured from the company's bankers at a rate of 2.5% per annum.. The repayment terms are six years with no repayments for the first twelve months. Any difference between the amount of cash received and the discounted present value has been recognised as other finance income. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| V & A Production Ltd (Registered number: 08847111) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 January 2021 |
| 4. | TANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST |
| At 1 February 2020 |
| Additions |
| At 31 January 2021 |
| DEPRECIATION |
| At 1 February 2020 |
| Charge for year |
| At 31 January 2021 |
| NET BOOK VALUE |
| At 31 January 2021 |
| At 31 January 2020 |
| 5. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 February 2020 |
| Profit for the year |
| Dividends | ( |
) |
| At 31 January 2021 |
| 6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 31 January 2021 and 31 January 2020: |
| 31/1/21 | 31/1/20 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| V & A Production Ltd (Registered number: 08847111) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 January 2021 |
| 6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Directors repaid the loan by the date of this report. |
| 7. | ULTIMATE CONTROLLING PARTY |
| The controlling party is Mrs G Z C Fellows and Mr G J C Fellows. |