Twisterfilms Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: SC343563 (Scotland)

Abbreviated Accounts

for the Year Ended 29 May 2015

for

TWISTERFILMS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr M R Clark

REGISTERED OFFICE:

20 James Street

Dalry

Ayrshire

KA24 5ET

REGISTERED NUMBER:

SC343563 (Scotland)

ACCOUNTANTS:

Jeff Lermer & Associates

Chartered Accountants

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

FIXED ASSETS

Tangible assets

2

3,599

4,799

CURRENT ASSETS

Debtors

19,449

13,012

Cash at bank

3,329

1,077

22,778

14,089

CREDITORS

Amounts falling due within one year

25,532

17,827

NET CURRENT LIABILITIES

(2,754

)

(3,738

)

TOTAL ASSETS LESS CURRENT LIABILITIES

845

1,061

PROVISIONS FOR LIABILITIES

720

960

NET ASSETS

125

101

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

25

1

SHAREHOLDERS' FUNDS

125

101

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 May 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 25 February 2016 and were signed by:

Mr M R Clark - 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 services, 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.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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 30 May 2014

and 29 May 2015

18,377

DEPRECIATION

At 30 May 2014

13,578

Charge for year

1,200

At 29 May 2015

14,778

NET BOOK VALUE

At 29 May 2015

3,599

At 29 May 2014

4,799

3.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

29.5.15

29.5.14

value:

£

£

100

Share capital 1

£1

100

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At balance sheet date, the director Mr M R Clark, owed the company £19,449 (2014:

£3,413). This was repaid within 9 months of the year end.

5.	RELATED PARTY DISCLOSURES

During the year, total dividends of £55,549 (2014 - £28,550) were paid to the directors .