Excelsior Films Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04977997 (England and Wales)

Abbreviated Accounts for the Year Ended 30 April 2015

for

Excelsior Films Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mrs C J Staniford

REGISTERED OFFICE:

16 Artel Croft

Three Bridges

Crawley

West Sussex

RH10 1JS

REGISTERED NUMBER:

04977997 (England and Wales)

ACCOUNTANTS:

Keepers Accountancy Ltd

1st Floor

30 Church Road

Burgess Hill

West Sussex

RH15 9AE

FIXED ASSETS

Tangible assets

2

2,661

7,597

CURRENT ASSETS

Stocks

250

250

Debtors

2,124

2,246

Prepayments and accrued income

1,750

7,091

Cash at bank and in hand

9,151

32,898

13,275

42,485

CREDITORS

Amounts falling due within one year

15,596

47,680

NET CURRENT LIABILITIES

(2,321

)

(5,195

)

TOTAL ASSETS LESS CURRENT LIABILITIES

340

2,402

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

339

2,401

SHAREHOLDERS' FUNDS

340

2,402

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 15 January 2016 and were signed by:

Mrs C J Staniford - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

201,817

Additions

672

Disposals

(10,283

)

At 30 April 2015

192,206

DEPRECIATION

At 1 May 2014

196,843

Charge for year

327

Eliminated on disposal

(7,625

)

At 30 April 2015

189,545

NET BOOK VALUE

At 30 April 2015

2,661

At 30 April 2014

4,974

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.15

30.4.14

value:

£

£

1

Ordinary

£1

1

1

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2015 and

30 April 2014:

30.4.15

30.4.14

£

£

Mrs C J Staniford

Balance outstanding at start of year

(35,847

)

-

Amounts advanced

52,438

-

Amounts repaid

(25,798

)

(35,847

)

Balance outstanding at end of year

(9,207

)

(35,847

)

The director was paid dividends of £14,140 during the year.