Abbreviated Company Accounts - PLATFORM FILMS & VIDEO LIMITED

PLATFORM FILMS & VIDEO LIMITED - Company Information

01636690 PLATFORM FILMS & VIDEO LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 01636690 2014-04-01 2015-03-31 01636690 2015-03-31 01636690 2014-03-31 01636690 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 01636690 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 01636690

PLATFORM FILMS & VIDEO LIMITED

Abbreviated Accounts

31 March 2015

PLATFORM FILMS & VIDEO LIMITED Registered Number 01636690

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	2,422	843
		2,422	843
Current assets
Cash at bank and in hand		4,785	3,524
		4,785	3,524
Creditors: amounts falling due within one year		(29,074)	(28,312)
Net current assets (liabilities)		(24,289)	(24,788)
Total assets less current liabilities		(21,867)	(23,945)
Total net assets (liabilities)		(21,867)	(23,945)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(21,967)	(24,045)
Shareholders' funds		(21,867)	(23,945)

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 31 December 2015

And signed on their behalf by:
Christopher Reeves, Director

PLATFORM FILMS & VIDEO LIMITED Registered Number 01636690

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 comprises the invoiced development and production income receivable net of Flat Rate Value Added Tax

Tangible assets depreciation policy
Tangible assets are stated at cost. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their residual value, over their respective useful lives as follows :

Computer & Office Equipment 3 year straight line basis

Furniture, Fixtures & Fittings 3 year straight line basis

Production Equipment 20% straight line basis

Other accounting policies
Deferred Taxation: Provision is made for taxation deferred as a result of material timing differences between the incidence of income and expenditure for taxation in the accounts. Provision is made in respect of timing differences that have originated but not reversed at the Balance Sheet Date.

Going Concern : The directors are of the opinion that income from future projects will return the Company to profit in the next three years and have, therefore, prepared these financial statements on a going concern basis.

Deferred Productions : Final costs of a production are only ascertained when the final cost reports are agreed with the Financiers. Income and expenditure on part complete productions are deferred until final costs and the extent to which they will be reimbursed is known

2Tangible fixed assets

	£
Cost
At 1 April 2014	31,124
Additions	2,500
Disposals	(5,557)
Revaluations	-
Transfers	-
At 31 March 2015	28,067
Depreciation
At 1 April 2014	30,281
Charge for the year	921
On disposals	(5,557)
At 31 March 2015	25,645
Net book values
At 31 March 2015	2,422
At 31 March 2014	843

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100