Sidmouth Folkweek Productions Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05610997 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2015

FOR

SIDMOUTH FOLKWEEK PRODUCTIONS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

R J Heydon

R G Brecknock

J A Braithwaite

SECRETARY:

J Knight

REGISTERED OFFICE:

27 Eastwood Close

Hayling Island

Hampshire

PO11 9DY

REGISTERED NUMBER:

05610997 (England and Wales)

ACCOUNTANTS:

David Griffiths & Co

3 Church Street

Aylesbury

Buckinghamshire

HP20 2QP

CURRENT ASSETS

Stocks

850

750

Debtors

167,881

130,275

Cash at bank

6,623

44,695

175,354

175,720

CREDITORS

Amounts falling due within one year

32,937

21,628

NET CURRENT ASSETS

142,417

154,092

TOTAL ASSETS LESS CURRENT
LIABILITIES

142,417

154,092

CREDITORS

Amounts falling due after more than one
year

73,863

NET ASSETS

68,554

80,229

CAPITAL AND RESERVES

Called up share capital

2

39

Profit and loss account

68,515

80,190

SHAREHOLDERS' FUNDS

68,554

80,229

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

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

The directors acknowledge their 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 Board of Directors on 31 May 2016 and were signed on its behalf by:

R J Heydon - 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 January 2015).

Turnover

Turnover represents the sale of tickets, programmes, merchandise and other fees receivable, excluding value

added tax.

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

The charge for taxation takes into account taxation deferred as a result of timing differences between the

treatment of certain items for taxation and accounting purposes. In general, deferred tax is recognised in respect

of all timing differences that have originated but not reversed at the balance sheet date. Deferred tax assets,

however, are recognised only to the extent that the directors consider that it is more likely than not that they will

be recovered against the reversal of deferred tax liabilities or other future profits. Deferred tax is measured on a

non-discounted basis at the average tax rates that would apply when the timing differences are expected to

reverse, based on tax rates and laws that have been enacted at the balance sheet date.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

39

ordinary

£1

39

3.	TRANSACTIONS WITH DIRECTORS

Directors' expenses for the year were £1,250 (2014 - £1069). The amount included in other creditors due within

one year at 30th November 2015 was £5,000 (2014 - £5,000).