Abbreviated Company Accounts - BOING PRODUCTION LIMITED

Abbreviated Company Accounts - BOING PRODUCTION LIMITED

BOING PRODUCTION LIMITED - Company Information

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Registered Number 04038539

BOING PRODUCTION LIMITED

Abbreviated Accounts

31 March 2015

BOING PRODUCTION LIMITED Registered Number 04038539

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 718 -
718 -
Current assets
Debtors 623 1,761
Cash at bank and in hand 94,315 -
94,938 1,761
Creditors: amounts falling due within one year (27,351) (240)
Net current assets (liabilities) 67,587 1,521
Total assets less current liabilities 68,305 1,521
Provisions for liabilities (144) -
Total net assets (liabilities) 68,161 1,521
Capital and reserves
Called up share capital 3 2,000 2,000
Profit and loss account 66,161 (479)
Shareholders' funds 68,161 1,521
  • For the year ending 31 March 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 22 December 2015

And signed on their behalf by:
Mr M Hobbs, Director
Ms M A Bagust, Director

BOING PRODUCTION LIMITED Registered Number 04038539

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
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).

Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting
Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied
consistently (except as otherwise stated).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
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:

Plant and machinery 25% of cost on a straight line basis

Other accounting policies
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.

2Tangible fixed assets
£
Cost
At 1 April 2014 -
Additions 958
Disposals -
Revaluations -
Transfers -
At 31 March 2015 958
Depreciation
At 1 April 2014 -
Charge for the year 240
On disposals -
At 31 March 2015 240
Net book values
At 31 March 2015 718
At 31 March 2014 -
3Called Up Share Capital
Allotted, called up and fully paid:
2015
£		 2014
£
2,000 Ordinary shares of £1 each 2,000 2,000

4Transactions with directors

Name of director receiving advance or credit: Mr M Hobbs
Description of the transaction: director's current account
Balance at 1 April 2014: £ 1,738
Advances or credits made: -
Advances or credits repaid: £ 1,738
Balance at 31 March 2015: £ 0

At the year end date the director , Mr M A Hobbs, was owed by way of his director's current account £ 24 (201 4 owed to the company £ 1,738 ).

During the year the directors received a fully paid consideration of £ 520 (2014 £ nil) for the use of their home as the company's office and stores.