Abbreviated Company Accounts - JSB PRODUCTION LIMITED
Abbreviated Company Accounts - JSB PRODUCTION LIMITED
Registered Number 04682160
JSB PRODUCTION LIMITED
Abbreviated Accounts
28 February 2015
JSB PRODUCTION LIMITED Registered Number 04682160
Abbreviated Balance Sheet as at 28 February 2015
| Notes | 2015 | 2014 | |
|---|---|---|---|
| £ | £ | ||
| Current assets | |||
| Debtors | 2 |
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| Cash at bank and in hand |
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| Creditors: amounts falling due within one year |
( |
( |
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| Net current assets (liabilities) |
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| Total assets less current liabilities |
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| Creditors: amounts falling due after more than one year |
( |
( |
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| Total net assets (liabilities) |
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| Capital and reserves | |||
| Called up share capital | 3 |
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| Profit and loss account |
( |
( |
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| Shareholders' funds |
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For the year ending 28 February 2015 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.
Approved by the Board on
And signed on their behalf by:
JSB PRODUCTION LIMITED Registered Number 04682160
Notes to the Abbreviated Accounts for the period ended 28 February 2015
1Accounting Policies
Basis of measurement and preparation of accounts
applicable United Kingdom accounting standards.
No material uncertainties that may cast significant doubts about the ability of the company to continue as a going concern have been indentified by the directors, therefore the accounts have been prepared on a going concern basis.
Turnover policy
Revenue recognition
Turnover represents the hire of the rights and interest of the production of the film 'Lila Says'. Turnover is recognised in line with terms of the lease.
Other accounting policies
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.
Deferred tax is measured at the average tax rates that are expected to apply in the periods in which timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax is measured on a non-discounted basis.
Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual arrangement as 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.
2Debtors