Abbreviated Company Accounts - THRESHOLD STUDIOS LIMITED

THRESHOLD STUDIOS LIMITED - Company Information

Registered Number 04876178

THRESHOLD STUDIOS LIMITED

Abbreviated Accounts

31 March 2015

THRESHOLD STUDIOS LIMITED Registered Number 04876178

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	3	7,296	9,683
		7,296	9,683
Current assets
Stocks		218	218
Debtors		52,317	43,012
Cash at bank and in hand		46,143	21,997
		98,678	65,227
Creditors: amounts falling due within one year		(99,921)	(37,330)
Net current assets (liabilities)		(1,243)	27,897
Total assets less current liabilities		6,053	37,580
Total net assets (liabilities)		6,053	37,580
Reserves
Income and expenditure account		6,053	37,580
Members' funds		6,053	37,580

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 12 August 2015

And signed on their behalf by:
Uzma Johal, Director

THRESHOLD STUDIOS LIMITED Registered Number 04876178

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
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.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 33.3% reducing balance

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

3Tangible fixed assets

	£
Cost
At 1 April 2014	56,364
Additions	1,256
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	57,620
Depreciation
At 1 April 2014	46,681
Charge for the year	3,643
On disposals	-
At 31 March 2015	50,324
Net book values
At 31 March 2015	7,296
At 31 March 2014	9,683