Sharmar Productions Ltd - Abbreviated accounts

Registered number

05620022

Sharmar Productions Ltd

Abbreviated Accounts

31 March 2016

Sharmar Productions Ltd
Registered number:		05620022
Abbreviated Balance Sheet
as at 31 March 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		26,239			18,596

Current assets
Debtors		113			113
Cash at bank and in hand		73,577			-
		73,690			113

Creditors: amounts falling due within one year		(66,299)			(35,293)

Net current assets/(liabilities)			7,391			(35,180)

Total assets less current liabilities			33,630			(16,584)


Provisions for liabilities			(5,248)			(990)


Net assets/(liabilities)			28,382			(17,574)

Capital and reserves
Called up share capital	3		4			4
Profit and loss account			28,378			(17,578)

Shareholder's funds			28,382			(17,574)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Mr D Martin
Director
Approved by the board on 8 November 2016

Sharmar Productions Ltd
Notes to the Abbreviated Accounts
for the year ended 31 March 2016

1	Accounting policies

	Basis of preparation
	The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			15% reducing balance

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.


2	Tangible fixed assets					£

	Cost
	At 1 April 2015					49,455
	Additions					12,272
	At 31 March 2016					61,727

	Depreciation
	At 1 April 2015					30,859
	Charge for the year					4,629
	At 31 March 2016					35,488

	Net book value
	At 31 March 2016					26,239
	At 31 March 2015					18,596


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		4		4		4