Company Registration No. 07003674 (England and Wales)
Halfnote Productions Limited
Unaudited accounts
for the year ended 31 March 2021
Halfnote Productions Limited
Unaudited accounts
Contents
Halfnote Productions Limited
Company Information
for the year ended 31 March 2021
Directors
N R Hagner
L M Cortesao
Company Number
07003674 (England and Wales)
Registered Office
The Gallery
3 New Quay Street
Teignmouth
Devon
TQ14 8DA
Accountants
Yannons Chartered Accountants
The Gallery
New Quay Street
Teignmouth
Devon
TQ14 8DA
Halfnote Productions Limited
Statement of financial position
as at 31 March 2021
Tangible assets
8,415
4,901
Cash at bank and in hand
28,225
37,531
Creditors: amounts falling due within one year
(45,188)
(51,070)
Net current assets
38,497
40,987
Total assets less current liabilities
46,912
45,888
Provisions for liabilities
Called up share capital
3
3
Profit and loss account
45,310
44,954
Shareholders' funds
45,313
44,957
For the year ending 31 March 2021 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2021 and were signed on its behalf by
N R Hagner
Director
Company Registration No. 07003674
Halfnote Productions Limited
Notes to the Accounts
for the year ended 31 March 2021
Halfnote Productions Limited is a private company, limited by shares, registered in England and Wales, registration number 07003674. The registered office is The Gallery, 3 New Quay Street, Teignmouth, Devon, TQ14 8DA. The principal place of business is 29 Livesey Close, Kingston upon Thames, KT1 3GD, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% and 20% on cost
Turnover represents the net sales value of services delivered and expenses recharged during the year excluding any related vat.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Halfnote Productions Limited
Notes to the Accounts
for the year ended 31 March 2021
4
Tangible fixed assets
Computer equipment
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
36,120
25,110
Accrued income and prepayments
-
14,470
Other debtors
19,340
14,946
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
37,974
47,149
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
1 "A" shares of £1 each
1
1
1 "B" shares of £1 each
1
1
Halfnote Productions Limited
Notes to the Accounts
for the year ended 31 March 2021
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Amounts advanced
7,642
9,453
7,642
9,453
Amounts advanced
7,304
9,887
7,304
9,887
14,946
19,340
14,946
19,340
9
Average number of employees
During the year the average number of employees was 2 (2020: 2).
