VERVE PICTURES LIMITED Accounts filed on 31-12-2014

VERVE PICTURES LIMITED Accounts filed on 31-12-2014

VERVE PICTURES LIMITED - Company Information

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false true true true 2014-01-01 2014-12-31 2014-12-31 Drakes Avenue Pictures Ltd Director of Drakes Avenue Pictures Ltd Loan from Drakes Avenue Pictures Ltd, a company of which C Burch is also a director. Colin Burch Director of Rabbit Publicity Ltd Loan to Rabbit Publicity Ltd, a company of which C Burch is also a director. Julia Short Former Director Outstanding loan true 04696505 2014-01-01 2014-12-31 04696505 2013-01-01 2013-12-31 04696505 2014-12-31 04696505 2013-12-31 04696505 2013-12-31 04696505 2012-12-31 04696505 uk-bus:Director1 2014-01-01 2014-12-31 04696505 uk-bus:Director1 2014-01-01 04696505 uk-bus:Director1 2014-12-31 04696505 uk-bus:CompanySecretary 2014-01-01 2014-12-31 04696505 uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2014-01-01 2014-12-31 04696505 uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2013-01-01 2013-12-31 04696505 uk-gaap:LeasedTangibleFixedAssets 2014-01-01 2014-12-31 04696505 uk-gaap:LeasedTangibleFixedAssets 2013-01-01 2013-12-31 04696505 uk-gaap:NetGoodwill 2014-01-01 2014-12-31 04696505 uk-gaap:NetGoodwill 2013-01-01 2013-12-31 04696505 uk-gaap:IntangibleAssetsOtherThanGoodwill 2014-01-01 2014-12-31 04696505 uk-gaap:IntangibleAssetsOtherThanGoodwill 2013-01-01 2013-12-31 04696505 uk-bus:AllEntityOfficers 2014-01-01 2014-12-31 04696505 uk-bus:AllEntityOfficers 2013-01-01 2013-12-31 04696505 uk-bus:AllOrdinaryShares 2014-01-01 2014-12-31 04696505 uk-bus:AllOrdinaryShares 2014-12-31 04696505 uk-bus:AllOrdinaryShares 2013-01-01 2013-12-31 04696505 uk-bus:AllOrdinaryShares 2013-12-31 04696505 uk-bus:AllPreferenceShares 2014-01-01 2014-12-31 04696505 uk-bus:AllPreferenceShares 2014-12-31 04696505 uk-bus:AllPreferenceShares 2013-01-01 2013-12-31 04696505 uk-bus:AllPreferenceShares 2013-12-31 04696505 uk-gaap:NetGoodwill 2014-12-31 04696505 uk-gaap:NetGoodwill 2013-12-31 04696505 uk-gaap:IntangibleAssetsOtherThanGoodwill 2014-12-31 04696505 uk-gaap:IntangibleAssetsOtherThanGoodwill 2013-12-31 04696505 uk-gaap:LandBuildings 2014-12-31 04696505 uk-gaap:LandBuildings 2014-01-01 2014-12-31 04696505 uk-gaap:LandBuildings 2013-12-31 04696505 uk-gaap:PlantMachinery 2014-12-31 04696505 uk-gaap:PlantMachinery 2014-01-01 2014-12-31 04696505 uk-gaap:PlantMachinery 2013-12-31 04696505 uk-gaap:FixturesFittings 2014-12-31 04696505 uk-gaap:FixturesFittings 2014-01-01 2014-12-31 04696505 uk-gaap:FixturesFittings 2013-12-31 04696505 uk-gaap:MotorVehicles 2014-12-31 04696505 uk-gaap:MotorVehicles 2014-01-01 2014-12-31 04696505 uk-gaap:MotorVehicles 2013-12-31 04696505 uk-gaap:OfficeEquipment 2014-12-31 04696505 uk-gaap:OfficeEquipment 2014-01-01 2014-12-31 04696505 uk-gaap:OfficeEquipment 2013-12-31 04696505 uk-bus:RegisteredOffice 2014-01-01 2014-12-31 04696505 uk-gaap:WithinOneYear 2014-12-31 04696505 uk-gaap:WithinOneYear 2013-12-31 04696505 uk-gaap:AfterOneYear 2014-12-31 04696505 uk-gaap:AfterOneYear 2013-12-31 04696505 uk-gaap:BetweenOneFiveYears 2014-12-31 04696505 uk-gaap:BetweenOneFiveYears 2013-12-31 04696505 uk-gaap:MoreThanFiveYears 2014-12-31 04696505 uk-gaap:MoreThanFiveYears 2013-12-31 iso4217:GBP xbrli:pure xbrli:shares

VERVE PICTURES LIMITED




Company Registration Number:
04696505 (England and Wales)



Abbreviated (Unaudited) Accounts



Period of accounts


Start date: 01st January 2014

End date: 31st December 2014

SUBMITTED

VERVE PICTURES LIMITED

Company Information
for the Period Ended 31st December 2014




Director: Colin Burch
Company secretary: Colin Burch
Registered office: Kenilworth House
79-80 Margaret Street
London
W1W 8TA
Company Registration Number: 04696505 (England and Wales)

VERVE PICTURES LIMITED

Abbreviated Balance sheet
As at 31st December 2014

Notes 2014
£		 2013
£
Fixed assets
Intangible assets: 0 0
Tangible assets: 6 676 1,001
Total fixed assets: 676 1,001
Current assets
Stocks: 40,711 22,810
Debtors: 8 143,534 140,743
Cash at bank and in hand: 1,360 4,123
Total current assets: 185,605 167,676
Creditors
Creditors: amounts falling due within one year 9 478,040 481,229
Net current assets (liabilities): ( 292,435 ) ( 313,553 )
Total assets less current liabilities: ( 291,759 ) ( 312,552 )
Creditors: amounts falling due after more than one year: 0 0
Provision for liabilities: 0 0
Total net assets (liabilities): ( 291,759 ) ( 312,552 )

The notes form part of these financial statements

VERVE PICTURES LIMITED

Abbreviated Balance sheet
As at 31st December 2014
continued

Notes 2014
£		 2013
£
Capital and reserves
Called up share capital: 10 90 90
Revaluation reserve: 0 0
Profit and Loss account: ( 291,849 ) ( 312,642 )
Total shareholders funds: ( 291,759 ) ( 312,552 )

For the year ending 31 December 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 15 July 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: Colin Burch
Status: Director

The notes form part of these financial statements

VERVE PICTURES LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st December 2014

  • 1. Accounting 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 compromises of revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

    Tangible fixed assets depreciation policy

    All assets are initially recorded at cost. Depreciation is calculated as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset. Depreciation is charged at 20% reducing balance.

    Intangible fixed assets amortisation policy

    The company does not hold any intangible assets.

    Valuation information and policy

    Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

VERVE PICTURES LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st December 2014

  • 6. Tangible assets

    Total
    Cost £
    At 01st January 2014: 1,625
    At 31st December 2014: 1,625
    Depreciation
    At 01st January 2014: 624
    Charge for year: 325
    At 31st December 2014: 949
    Net book value
    At 31st December 2014: 676
    At 31st December 2013: 1,001

VERVE PICTURES LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st December 2014

  • 8. Debtors

    2014
    £     		2013
    £
    Trade debtors: 65,715 62,770
    Other debtors: 58,898 61,150
    Prepayments and accrued income: 18,921 16,823
    Total: 143,534 140,743

VERVE PICTURES LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st December 2014

  • 9. Creditors: amounts falling due within one year

    2014
    £     		2013
    £
    Bank loans and overdrafts: 61,636 53,045
    Amounts due under finance leases and hire purchase contracts: 0 0
    Trade creditors: 126,736 182,089
    Taxation and social security: 723 3,466
    Accruals and deferred income: 27,306 27,888
    Other creditors: 261,639 214,741
    Total: 478,040 481,229

VERVE PICTURES LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st December 2014

  • 10. Called up share capital

    Allotted, called up and paid

    Previous period 2013
    Class Number of shares Nominal value per share Total
    Ordinary shares: 90 1.00
    1.00
    		90
    Preference shares: 0 0.00
    0.00
    		0
    Total share capital: 90
    Current period 2014
    Class Number of shares Nominal value per share Total
    Ordinary shares: 90 1.00
    1.00
    		90
    Preference shares: 0 0.00
    0.00
    		0
    Total share capital: 90

VERVE PICTURES LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st December 2014

  • 11. Related party disclosures

    Name of the ultimate controlling party during the period: Colin Burch
    Name of related party: Drakes Avenue Pictures Ltd
    Relationship: Director of Drakes Avenue Pictures Ltd
    Description of the transaction: Loan from Drakes Avenue Pictures Ltd, a company of which C Burch is also a director.
    Balance at 01st January 2014 18,682
    Balance at 31st December 2014 5,585
    Name of related party: Colin Burch
    Relationship: Director of Rabbit Publicity Ltd
    Description of the transaction: Loan to Rabbit Publicity Ltd, a company of which C Burch is also a director.
    Balance at 01st January 2014 52,099
    Balance at 31st December 2014 51,849
    Name of related party: Julia Short
    Relationship: Former Director
    Description of the transaction: Outstanding loan
    Balance at 01st January 2014 15,000
    Balance at 31st December 2014 15,000

    During the year, the company operated a current account with Drakes Avenue Pictures Ltd, a company of which C Burch is also a director. The company received loans of £11,012 (2013: £18,682). During the year Verve Pictures Ltd repaid £24,109 of the loan outstanding to Drakes Avenue Pictures Ltd. At the year end £5,585 was still owed to Drakes Avenue Pictures Ltd and is included in Other Creditors. During year Drakes Avenue Pictures Ltd recharged Verve Pictures Ltd £4,847 worth of expenses. At the year end the balance of recharges is nil. In addition the company traded with Drakes Avenue Pictures Ltd for both sales and purchases. Included within the Trade Debtors is an amount of £358 and included in Trade Creditors is an amount of £6,223. During the year, the company operated a current account with Rabbit Publicity Ltd, a company of which C Burch is also a director. The company made loans of £nil. During the year Rabbit Publicity Ltd repaid £250 of the loan outstanding to Verve Pictures Ltd. At the year end £51,849 was still owed by Rabbit Publicity Ltd and is included in Other Debtors. During year Verve Pictures Ltd recharged Rabbit Publicity Ltd £55 worth of expenses. At the year end the balance of recharges is nil. In addition the company traded with Rabbit Publicity Ltd for purchases. The total amount of purchases during the year was £15,300. Included within the Trade Creditors is an amount of £5,550 owed to Rabbit Publicity Ltd. As at year end, the company owed £15,000 (2013: £15,000) to Ms J Short, a former director of the company. This balance is included within Other Creditors.