EINHORN_ENTERTAINMENT_LIM - Accounts

EINHORN ENTERTAINMENT LIMITED - Company Information

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Company Registration No. 06479557 (England and Wales)

EINHORN ENTERTAINMENT LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

EINHORN ENTERTAINMENT LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

EINHORN ENTERTAINMENT LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

2,617

3,544

Current assets

Stocks

800

5,990

Debtors

16,496

16,493

Cash at bank and in hand

99,753

101,176

117,049

123,659

Creditors: amounts falling due within one year

(47,050)

(50,454)

Net current assets

69,999

73,205

Total assets less current liabilities

72,616

76,749

Provisions for liabilities

(919)

(709)

71,697

76,040

Capital and reserves

Called up share capital

Profit and loss account

71,695

76,038

Shareholders' funds

71,697

76,040

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 14 December 2015

N Einhorn

Director

Company Registration No. 06479557

EINHORN ENTERTAINMENT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover represents amounts receivable for magician related goods and services net of VAT and is recognised once the goods have been delivered or the service has been carried out.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

25% and 33% reducing balance

1.4

Stock

Stock is valued at the lower of cost and net realisable value.

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.6

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Fixed assets

Tangible assets

Cost

At 1 April 2014 & at 31 March 2015

8,900

Depreciation

At 1 April 2014

5,356

Charge for the year

927

At 31 March 2015

6,283

Net book value

At 31 March 2015

2,617

At 31 March 2014

3,544

EINHORN ENTERTAINMENT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

2 Ordinary shares of £1 each