Spin Off Productions Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05318712 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31st March 2016

for

Spin Off Productions Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

4

DIRECTORS:

Mrs H C Pallant

V M R Dufton

Miss P A Marr

Mrs S E Jones

Mrs K A Hunter

T Evison

G Fox

SECRETARY:

V M R Dufton

REGISTERED OFFICE:

Centre 88

Saner Street

HULL

East Yorkshire

HU3 2TR

REGISTERED NUMBER:

05318712 (England and Wales)

ACCOUNTANTS:

cbaSadofskys

Chartered Accountants

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

FIXED ASSETS

Tangible assets

2

792

1,583

CURRENT ASSETS

Debtors

2,585

1,093

Cash at bank

5,798

5,384

8,383

6,477

CREDITORS

Amounts falling due within one year

3,581

6,126

NET CURRENT ASSETS

4,802

351

TOTAL ASSETS LESS CURRENT LIABILITIES

5,594

1,934

RESERVES

Income and expenditure account

5,594

1,934

5,594

1,934

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 surplus or deficit 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 26th October 2016 and were signed on its behalf by:

Mrs H C Pallant - 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 together with grant income.

Grant income provided for specific projects is credited to income as the project progresses. Grants received

which relate to future expenditure are shown as deferred income and released to income as the expenditure is

incurred. Surpluses on projects are only taken to profit where the project outcome can be predicted with

reasonable certainty.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

33% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2015

and 31st March 2016

4,811

DEPRECIATION

At 1st April 2015

3,228

Charge for year

791

At 31st March 2016

4,019

NET BOOK VALUE

At 31st March 2016

792

At 31st March 2015

1,583

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Spin Off Productions Limited for the year ended 31st March 2016 which comprise the Income and

Expenditure Account, the Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Spin Off Productions Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Spin Off Productions Limited and state those matters that we have agreed to state to the Board of Directors of Spin Off Productions Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Spin Off Productions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Spin Off Productions Limited. You consider that Spin Off Productions Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Spin Off Productions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

cbaSadofskys

Chartered Accountants

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

31st October 2016