| Filament Post Production Ltd |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Filament Post Production Ltd for the year ended 31 January 2015 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Filament Post Production Ltd for the year ended 31 January 2015 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook. |
| Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation. |
|
| DJCA Accountants |
| Chartered Accountants |
| 7 Stratford Place |
| City of Westminster |
| London |
| W1C 1AY |
|
| 23 October 2015 |
|
| Filament Post Production Ltd |
| Registered number: |
07828564 |
| Abbreviated Balance Sheet |
| as at 31 January 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
136,558 |
|
|
26,967 |
|
| Current assets |
| Stocks |
|
|
- |
|
|
289 |
| Debtors |
|
|
193,005 |
|
|
116,013 |
| Cash at bank and in hand |
|
|
131,839 |
|
|
65,398 |
|
|
|
324,844 |
|
|
181,700 |
|
| Creditors: amounts falling due within one year |
|
|
(122,900) |
|
|
(145,007) |
|
| Net current assets |
|
|
|
201,944 |
|
|
36,693 |
|
| Total assets less current liabilities |
|
|
|
338,502 |
|
|
63,660 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(82,348) |
|
|
- |
|
| Provisions for liabilities |
|
|
|
(24,403) |
|
|
- |
|
|
| Net assets |
|
|
|
231,751 |
|
|
63,660 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
231,749 |
|
|
63,658 |
|
| Shareholders' funds |
|
|
|
231,751 |
|
|
63,660 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| G O'Regan |
| Director |
| Approved by the board on 23 October 2015 |
|
| Filament Post Production Ltd |
| Notes to the Abbreviated Accounts |
| for the year ended 31 January 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
33% on cost |
|
Leasehold improvements |
33% on cost |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
Foreign currencies |
|
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account. |
|
|
Pensions |
|
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 February 2014 |
40,705 |
|
Additions |
185,923 |
|
Disposals |
(1,214) |
|
At 31 January 2015 |
225,414 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 February 2014 |
13,738 |
|
Charge for the year |
75,540 |
|
On disposals |
(422) |
|
At 31 January 2015 |
88,856 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2015 |
136,558 |
|
At 31 January 2014 |
26,967 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
2 |
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|
