Company Registration No. 08331817 (England and Wales)
PROPSHOP PRODUCTIONS LIMITED (FORMERLY KNOWN AS BRIGHT I PD LIMITED)
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
PROPSHOP PRODUCTIONS LIMITED (FORMERLY KNOWN AS BRIGHT I PD LIMITED)
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
PROPSHOP PRODUCTIONS LIMITED (FORMERLY KNOWN AS BRIGHT I PD LIMITED)
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
(162,064)
-
Tangible assets
2
287,840
-
125,776
-
Current assets
Stocks
50,000
-
Debtors
652,180
504
Cash at bank and in hand
41,244
187
743,424
691
Creditors: amounts falling due within one year
(547,419)
(3,422)
Net current assets/(liabilities)
196,005
(2,731)
Total assets less current liabilities
321,781
(2,731)
Creditors: amounts falling due after more than one year
(65,076)
-
Provisions for liabilities
(57,568)
-
199,137
(2,731)
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
199,037
(2,831)
Shareholders' funds
199,137
(2,731)
PROPSHOP PRODUCTIONS LIMITED (FORMERLY KNOWN AS BRIGHT I PD LIMITED)
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2015
31 December 2015
- 2 -
For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
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;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 22 September 2016
J E Enright
Director
Company Registration No. 08331817
PROPSHOP PRODUCTIONS LIMITED (FORMERLY KNOWN AS BRIGHT I PD LIMITED)
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
50% straight line
Computer equipment
50% straight line
Fixtures, fittings & equipment
25% straight line
Motor vehicles
25% straight line
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 January 2015
-
-
-
Additions
(169,113)
300,001
130,888
At 31 December 2015
(169,113)
300,001
130,888
Depreciation
At 1 January 2015
-
-
-
Charge for the year
(7,049)
12,161
5,112
At 31 December 2015
(7,049)
12,161
5,112
Net book value
At 31 December 2015
(162,064)
287,840
125,776
PROPSHOP PRODUCTIONS LIMITED (FORMERLY KNOWN AS BRIGHT I PD LIMITED)
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
- 4 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
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