| Finch Films Ltd |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Finch Films Ltd for the year ended 28 February 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 Finch Films Ltd for the year ended 28 February 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. |
|
| Farrow Accounting and Tax Limited |
| Chartered Accountants |
| Worple Court |
| 95 South Worple Way |
| London |
| SW14 8ND |
|
| 24 November 2015 |
|
| Finch Films Ltd |
| Registered number: |
07950253 |
| Abbreviated Balance Sheet |
| as at 28 February 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
1,999 |
|
|
2,927 |
|
| Current assets |
| Debtors |
|
|
462 |
|
|
3,630 |
|
| Creditors: amounts falling due within one year |
|
|
(23,317) |
|
|
(16,055) |
|
| Net current liabilities |
|
|
|
(22,855) |
|
|
(12,425) |
|
| Net liabilities |
|
|
|
(20,856) |
|
|
(9,498) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
(20,857) |
|
|
(9,499) |
|
| Shareholder's funds |
|
|
|
(20,856) |
|
|
(9,498) |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his 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. |
|
|
|
| Mr A. Finch |
| Director |
| Approved by the board on 24 November 2015 |
|
| Finch Films Ltd |
| Notes to the Abbreviated Accounts |
| for the year ended 28 February 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 April 2008). |
|
|
Going concern basis of accounting |
|
At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance from the directors that they will continue to give financial support to the company from the date of approval of these financial statements.
On this basis, the directors consider it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise. The accounts do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate. |
|
|
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 |
20% straight line |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 March 2014 |
4,642 |
|
At 28 February 2015 |
4,642 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 March 2014 |
1,715 |
|
Charge for the year |
928 |
|
At 28 February 2015 |
2,643 |
|
|
|
|
|
|
|
|
Net book value |
|
At 28 February 2015 |
1,999 |
|
At 28 February 2014 |
2,927 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
1 |
|
1 |
|
1 |
|
|
|
|
|
|
|
|
|
