POW Studios Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07231762 (England and Wales)

Abbreviated Accounts for the Year Ended 30th April 2014

for

POW Studios Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

G Pywell

M Owen

SECRETARY:

G Pywell

REGISTERED OFFICE:

8 Hemmells

Basildon

Essex

SS15 6ED

REGISTERED NUMBER:

07231762 (England and Wales)

ACCOUNTANTS:

Dormer Finance Ltd

8 Hemmells

Basildon

Essex

SS15 6ED

FIXED ASSETS

Tangible assets

2

15,160

5,862

CURRENT ASSETS

Debtors

52,483

89,891

Cash at bank

114,038

154,881

166,521

244,772

CREDITORS

Amounts falling due within one year

83,100

133,278

NET CURRENT ASSETS

83,421

111,494

TOTAL ASSETS LESS CURRENT LIABILITIES

98,581

117,356

PROVISIONS FOR LIABILITIES

3,032

-

NET ASSETS

95,549

117,356

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

95,449

117,256

SHAREHOLDERS' FUNDS

95,549

117,356

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2014 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 10th July 2014 and were signed on its behalf by:

G Pywell - 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 April 2008).

Turnover

Turnover represents net invoiced sale of services, 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

-

25% on reducing balance

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st May 2013

10,103

Additions

14,355

At 30th April 2014

24,458

DEPRECIATION

At 1st May 2013

4,241

Charge for year

5,057

At 30th April 2014

9,298

NET BOOK VALUE

At 30th April 2014

15,160

At 30th April 2013

5,862

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

G Pywell and M Owen have a current account with the company being interest free and repayable on demand. At

the year end, the balance was £32,077 (2013: £52,740) and included in other creditors. The opening balance was

the maximum throughout the year.