Long Story Short Limited - Abbreviated accounts 16.1
Long Story Short Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016 |
| FOR |
| LONG STORY SHORT LIMITED |
| LONG STORY SHORT LIMITED (REGISTERED NUMBER: 08015124) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| LONG STORY SHORT LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MARCH 2016 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| BANKERS: |
| LONG STORY SHORT LIMITED (REGISTERED NUMBER: 08015124) |
| ABBREVIATED BALANCE SHEET |
| 31 MARCH 2016 |
| 31.3.16 | 31.3.15 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The director acknowledges her 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 financial statements were approved by the director on |
| LONG STORY SHORT LIMITED (REGISTERED NUMBER: 08015124) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2016 |
| 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 fees received for work done during the year, excluding value added tax. |
| Fee income represents revenue earned under a wide variety of contracts to provide television and film |
| production services. Revenue is recognised as earned when, and to the extent that, the company obtains the |
| right to consideration in exchange for its performance under these contracts. It is measured at the fair value of |
| the right to consideration, which represents amounts chargeable to customers, including expenses and |
| disbursements but excluding value added tax. |
| Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the |
| partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual |
| of the right to consideration by reference to the value of work performed. Revenue not billed to clients is included |
| in debtors. Payments on account in excess of the relevant amount of revenue are included in creditors. |
| Fee income that is contingent on events outside the control of the firm is recognised when the contingent event |
| occurs. |
| Tangible fixed assets |
| Computer equipment | - |
| Office equipment | - |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| balance sheet date. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
| balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling |
| at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2015 |
| and 31 March 2016 |
| DEPRECIATION |
| At 1 April 2015 |
| Charge for year |
| At 31 March 2016 |
| NET BOOK VALUE |
| At 31 March 2016 |
| At 31 March 2015 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.3.16 | 31.3.15 |
| value: | £ | £ |
| Ordinary | £1 |
| LONG STORY SHORT LIMITED (REGISTERED NUMBER: 08015124) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2016 |
| 4. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| Amounts of £832 (2015: £10,523) were advanced interest free and repayable on demand to the director during |
| the year, with a balance of £8,285 (2015: £379) owed to the director at the year end. |
| 5. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |