Film Medical Services Limited - Limited company accounts 16.1
Film Medical Services Limited - Limited company accounts 16.1
| REGISTERED NUMBER: |
| Report of the Director and |
| Unaudited Financial Statements |
| for the Year Ended 31 December 2015 |
| for |
| Film Medical Services Limited |
| Film Medical Services Limited (Registered number: 02491774) |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2015 |
| Page |
| Company Information | 1 |
| Report of the Director | 2 |
| Profit and Loss Account | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 |
| Film Medical Services Limited |
| Company Information |
| for the Year Ended 31 December 2015 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants and Chartered Tax Advisers |
| Film Medical Services Limited (Registered number: 02491774) |
| Report of the Director |
| for the Year Ended 31 December 2015 |
| The director presents his report with the financial statements of the company for the year ended 31 December 2015. |
| PRINCIPAL ACTIVITY |
| The principal activity of the company in the year under review was that of the hiring of theatrical props.and film sets. |
| DIRECTOR |
| This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small |
| companies. |
| ON BEHALF OF THE BOARD: |
| Film Medical Services Limited (Registered number: 02491774) |
| Profit and Loss Account |
| for the Year Ended 31 December 2015 |
| 31.12.15 | 31.12.14 |
| Notes | £ | £ | £ | £ |
| TURNOVER |
| Cost of sales |
| GROSS PROFIT |
| Distribution costs |
| Administrative expenses |
| 504,505 | 478,116 |
| 337,928 | 229,151 |
| Other operating income |
| OPERATING PROFIT | 2 |
| Interest receivable and similar income |
| PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION |
| Tax on profit on ordinary activities | 3 |
| PROFIT ON ORDINARY ACTIVITIES AFTER TAXATION |
| Extraordinary items after taxation | 4 | (3,270 | ) | (157,000 | ) |
| PROFIT FOR THE FINANCIAL YEAR |
| Film Medical Services Limited (Registered number: 02491774) |
| Balance Sheet |
| 31 December 2015 |
| 31.12.15 | 31.12.14 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 9 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Profit and loss account | 11 |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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 |
| Film Medical Services Limited (Registered number: 02491774) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2015 |
| 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 net invoiced sales of goods, excluding value added tax. |
| Tangible fixed assets |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
| period of the lease. |
| 2. | OPERATING PROFIT |
| The operating profit is stated after charging: |
| 31.12.15 | 31.12.14 |
| £ | £ |
| Depreciation - owned assets |
| Director's remuneration and other benefits etc |
| 3. | TAXATION |
| Analysis of the tax charge |
| The tax charge on the profit on ordinary activities for the year was as follows: |
| 31.12.15 | 31.12.14 |
| £ | £ |
| Current tax: |
| UK corporation tax |
| Tax on profit on ordinary activities |
| 4. | EXTRAORDINARY ITEMS |
| 31.12.15 | 31.12.14 |
| £ | £ |
| Contingent liability | (3,270 | ) | (157,000 | ) |
| 5. | DIVIDENDS |
| 31.12.15 | 31.12.14 |
| £ | £ |
| Final | 210,000 | 84,000 |
| Film Medical Services Limited (Registered number: 02491774) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2015 |
| 6. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Short | Hiring | and | Computer |
| leasehold | Equipment | fittings | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 January 2015 |
| Additions |
| At 31 December 2015 |
| DEPRECIATION |
| At 1 January 2015 |
| Charge for year |
| At 31 December 2015 |
| NET BOOK VALUE |
| At 31 December 2015 |
| At 31 December 2014 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.15 | 31.12.14 |
| £ | £ |
| Trade debtors | 78,750 | 22,091 |
| Rent deposit | 30,246 | 30,246 |
| Other debtors | 10,000 | 12,000 |
| Prepayments | 32,245 | 32,170 |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.15 | 31.12.14 |
| £ | £ |
| Trade creditors |
| Directors loan account | 110,858 | 130,541 |
| Corporation tax |
| Social security and other taxes |
| VAT |
| 9. | PROVISIONS FOR LIABILITIES |
| 31.12.15 | 31.12.14 |
| £ | £ |
| Other provisions |
| Contingent liability | 160,270 | 157,000 |
| The director has recommended a £157,000 reserve be made in respect of a potential dilapidation claim by the |
| landlords, upon cessation of the leases. |
| Film Medical Services Limited (Registered number: 02491774) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2015 |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.12.15 | 31.12.14 |
| value: | £ | £ |
| Ordinary | £1 |
| 11. | RESERVES |
| Profit |
| and loss |
| account |
| £ |
| At 1 January 2015 |
| Profit for the year |
| Dividends | ( |
) |
| At 31 December 2015 |