Reelvision Print Limited,Ltd - Accounts

Reelvision Print Limited,Ltd - Accounts

REELVISION PRINT LIMITED - Company Information

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2015-01-01 true false Private Limited Company 05865636 2015-12-31 05865636 2015-01-01 2015-12-31 05865636 2014-12-31 05865636 2014-01-01 2014-12-31 05865636 uk-bus:Director1 2015-01-01 2015-12-31 05865636 uk-gaap:Buildings 2015-01-01 2015-12-31 05865636 uk-gaap:PlantMachinery 2015-01-01 2015-12-31 05865636 uk-gaap:FixturesFittings 2015-01-01 2015-12-31 05865636 uk-bus:OrdinaryShareClass1 2015-12-31 05865636 uk-bus:AllPreferenceShares 2015-12-31 iso4217:GBP
Reelvision Print Limited
For the year ended 31 December 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 05865636
2
Contents Page
Reelvision Print Limited
For the year ended 31 December 2015
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
3
Abbreviated Balance Sheet
Reelvision Print Limited
As at 31 December 2015
05865636
Registered Number :
£
£
2015
Notes
2014
Fixed assets
Tangible assets
2
507,021
775,059
507,021
775,059
Current assets
Stocks
132,084
172,992
Debtors
1,351,574
2,029,673
Cash at bank and in hand
835,456
1,022,767
3,038,121
2,506,425
Creditors: amounts falling due within one year
(1,419,195)
(1,248,324)
1,087,230
1,789,797
Net current assets
Total assets less current liabilities
2,296,818
1,862,289
Creditors: amounts falling due after more than one year
(125,244)
(71,948)
-
(8,257)
Provisions for liabilities
2,224,870
Net assets
1,728,788
Capital and reserves
Called up share capital
100
3
100
Profit and loss account
2,224,770
1,728,688
2,224,870
1,728,788
Shareholders funds
For the year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) 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.
Date approved by the board: 18 May 2016
Gareth Bakewell Director
Signed on behalf of the board of directors
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4
Notes to the Abbreviated Financial Statements
Reelvision Print Limited
For the year ended 31 December 2015
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Deferred taxation
Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings
2 Straight line
Plant and Machinery
10%-33% Straight line
Fixtures and Fittings
25%-50% Straight line
Stocks and work in progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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5
Notes to the Abbreviated Financial Statements
Reelvision Print Limited
For the year ended 31 December 2015
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
1,910,743
At 01 January 2015
(33,000)
Additions
(131,916)
Disposals
At 31 December 2015
1,745,827
Depreciation
1,135,684
At 01 January 2015
(131,916)
Disposals
235,038
Charge for year
1,238,806
At 31 December 2015
Net book values
At 31 December 2015
507,021
775,059
At 31 December 2014
3 Share capital
Authorised
100 Ordinary shares of £1.00 each
275,000 Preference shares of £1.00 each
Allotted called up and fully paid
2015
2014
£
£
100 Ordinary shares of £1.00 each
100
100
0 Preference shares of £1.00 each
-
0
100
100
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