| LUNAR FILM AND TELEVISION LTD |
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| ABBREVIATED BALANCE SHEET |
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| as at 31 March 2016 |
| Company Registration No. |
04428102 |
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| Notes |
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2016 |
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2015 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
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79,743 |
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44,843 |
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| Current assets |
| Debtors |
15,451 |
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2,622 |
| Cash at bank and in hand |
21,584 |
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20,281 |
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37,035 |
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22,903 |
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| Creditors: amounts falling due within one year |
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(78,604) |
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(67,211) |
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| Net current liabilities |
(41,569) |
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(44,308) |
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| Total assets less current liabilities |
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38,174 |
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535 |
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| Creditors: amounts falling due after more than one year |
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(19,483) |
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(284) |
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| Net assets |
18,691 |
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251 |
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| Capital and reserves |
| Called up share capital |
3 |
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2 |
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2 |
| Profit and loss account |
18,689 |
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249 |
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| Shareholders' funds |
18,691 |
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251 |
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| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
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| Directors' responsibilities: |
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; |
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The directors acknowledge their responsibilities for complying with the requirements of the act with respect to accounting records and the preparation of financial statements. |
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| These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime within Part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
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| Approved by the board on 16 June 2016 |
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| ……………………………………… |
…………………………… |
| Ms A C Sheppard Fidler |
P D Leigh |
| Director |
Director |
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| LUNAR FILM AND TELEVISION LTD |
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| NOTES TO THE ABBREVIATED ACCOUNTS |
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| FOR THE YEAR ENDED 31 MARCH 2016 |
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| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
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Turnover |
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Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
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Tangible fixed assets and depreciation |
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Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows: |
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Fixtures, fittings and equipment |
20% straight line |
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Motor vehicles |
25% reducing balance |
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Deferred taxation |
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Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
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Leasing and hire purchase commitments |
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Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.
The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
Rentals paid under operating leases are charged to income on a straight line basis over the lease term. |
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Pensions |
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The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
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| 2 |
Tangible fixed assets |
£ |
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Cost |
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At 1 April 2015 |
183,207 |
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Additions |
66,742 |
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At 31 March 2016 |
249,949 |
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Depreciation |
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At 1 April 2015 |
138,364 |
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Charge for the year |
31,842 |
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At 31 March 2016 |
170,206 |
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Net book value |
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At 31 March 2016 |
79,743 |
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At 31 March 2015 |
44,843 |
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| 3 |
Share capital |
Nominal |
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2016 |
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2016 |
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2015 |
| value |
Number |
£ |
£ |
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Allotted, called up and fully paid: |
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Ordinary shares |
£1 each |
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2 |
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2 |
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2 |
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