Turtle Entertainment UK Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07230944 (England and Wales)

Abbreviated Unaudited Accounts

For The Period 1 April 2015 to 31 December 2015

for

Turtle Entertainment UK Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr J Dean

Mr C Dean

REGISTERED OFFICE:

Chiltern House

Waterperry Court

Middleton Road

Banbury

Oxfordshire

OX16 4QG

REGISTERED NUMBER:

07230944 (England and Wales)

ACCOUNTANTS:

Cottons Accountants LLP

Chiltern House

Waterperry Court

Middleton Road

Banbury

Oxfordshire

OX16 4QG

FIXED ASSETS

Tangible assets

2

87,506

25,120

CURRENT ASSETS

Debtors

198,007

102,394

Cash at bank

64,278

4,870

262,285

107,264

CREDITORS

Amounts falling due within one year

280,970

98,167

NET CURRENT (LIABILITIES)/ASSETS

(18,685

)

9,097

TOTAL ASSETS LESS CURRENT
LIABILITIES

68,821

34,217

CREDITORS

Amounts falling due after more than one year

(865

)

(3,230

)

PROVISIONS FOR LIABILITIES

(4,566

)

(4,301

)

NET ASSETS

63,390

26,686

CAPITAL AND RESERVES

Called up share capital

3

200

Profit and loss account

63,190

26,486

SHAREHOLDERS' FUNDS

63,390

26,686

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 20 July 2016 and were signed on its behalf by:

Mr J Dean - 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 invoices raised during the period for goods and services rendered 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.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

25% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet

date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay

less or to receive more tax, with the following exceptions: Deferred tax assets are recognised only to the extent that the

directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal

of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which the

timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme

are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

44,984

Additions

72,498

Disposals

(12,000

)

At 31 December 2015

105,482

DEPRECIATION

At 1 April 2015

19,864

Charge for period

5,197

Eliminated on disposal

(7,085

)

At 31 December 2015

17,976

NET BOOK VALUE

At 31 December 2015

87,506

At 31 March 2015

25,120

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/15

31/3/15

value:

£

95

Ordinary

£1

95

A Ordinary

£1

95

10

B Ordinary

£1

10

200

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 December 2015 and the year ended

31 March 2015:

31/12/15

31/3/15

£

Mr J Dean

Balance outstanding at start of period

-

Amounts advanced

39,228

-

Amounts repaid

-

Balance outstanding at end of period

39,228

-

The loan was repaid within 9 months of the year end.