Red Audio Post Production Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07664084 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 July 2016

for

RED AUDIO POST PRODUCTION LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr R J Hollings

Ms P J Hollings

REGISTERED OFFICE:

9 Hawthorne Avenue

Ruislip

Middlesex

HA4 8SP

REGISTERED NUMBER:

07664084 (England and Wales)

ACCOUNTANTS:

Riley & Co Limited

Chartered Accountants

52 St Johns Lane

Halifax

West Yorkshire

HX1 2BW

FIXED ASSETS

Tangible assets

2

9,200

10,763

CURRENT ASSETS

Stocks

-

1,618

Debtors

4,464

9,732

Cash at bank

40,184

10,839

44,648

22,189

CREDITORS

Amounts falling due within one year

30,592

29,909

NET CURRENT ASSETS/(LIABILITIES)

14,056

(7,720

)

TOTAL ASSETS LESS CURRENT LIABILITIES

23,256

3,043

PROVISIONS FOR LIABILITIES

1,122

1,276

NET ASSETS

22,134

1,767

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

22,034

1,667

SHAREHOLDERS' FUNDS

22,134

1,767

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 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 1 November 2016 and were signed on its behalf by:

Mr R J Hollings - 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 net invoiced sales of goods, 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 etc

-

20% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

24,725

Additions

2,438

Disposals

(4,150

)

At 31 July 2016

23,013

DEPRECIATION

At 1 August 2015

13,962

Charge for year

2,641

Eliminated on disposal

(2,790

)

At 31 July 2016

13,813

NET BOOK VALUE

At 31 July 2016

9,200

At 31 July 2015

10,763

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.16

31.7.15

value:

£

£

100

Ordinary

£1

100

100