Abbreviated Company Accounts - LAGUNA PRODUCTIONS LTD

LAGUNA PRODUCTIONS LTD - Company Information

Registered Number SC070952

LAGUNA PRODUCTIONS LTD

Abbreviated Accounts

31 May 2015

LAGUNA PRODUCTIONS LTD Registered Number SC070952

Abbreviated Balance Sheet as at 31 May 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	11,671	11,861
		11,671	11,861
Current assets
Debtors		189,242	205,815
Investments		366,144	366,144
Cash at bank and in hand		19,875	48,753
		575,261	620,712
Creditors: amounts falling due within one year		(87,489)	(145,509)
Net current assets (liabilities)		487,772	475,203
Total assets less current liabilities		499,443	487,064
Total net assets (liabilities)		499,443	487,064
Capital and reserves
Called up share capital		100	100
Profit and loss account		499,343	486,964
Shareholders' funds		499,443	487,064

For the year ending 31 May 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 24 February 2016

And signed on their behalf by:
W D Forsyth, Director

LAGUNA PRODUCTIONS LTD Registered Number SC070952

Notes to the Abbreviated Accounts for the period ended 31 May 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 invoiced value of goods and services supplied by the company, net of vaue added tax and trade discounts.

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...................................................Reducing balance 25%

Commercial vehicles...................................................Reducing balance 25%;

2Tangible fixed assets

	£
Cost
At 1 June 2014	76,768
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2015	76,768
Depreciation
At 1 June 2014	64,907
Charge for the year	190
On disposals	-
At 31 May 2015	65,097
Net book values
At 31 May 2015	11,671
At 31 May 2014	11,861