Illuminations (Television) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 01613547 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

Illuminations (Television) Limited

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Intangible assets

2

-

5,000

Tangible assets

3

9,778

8,247

Investments

4

33

33

9,811

13,280

CURRENT ASSETS

Stocks

44,335

55,412

Debtors

107,518

23,520

Cash at bank and in hand

179,207

59,914

331,060

138,846

CREDITORS

Amounts falling due within one year

(211,146

)

(73,249

)

NET CURRENT ASSETS

119,914

65,597

TOTAL ASSETS LESS CURRENT LIABILITIES

129,725

78,877

PROVISIONS FOR LIABILITIES

(1,096

)

(838

)

NET ASSETS

128,629

78,039

CAPITAL AND RESERVES

Called up share capital

5

200

200

Profit and loss account

128,429

77,839

SHAREHOLDERS' FUNDS

128,629

78,039

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 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 20 December 2016 and were signed on its behalf by:

J F Wyver - Director

Ms L R Zuck - 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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company

qualifies as a small company.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Intangible assets

Intangible fixed asset being exclusive rights to production of a new DVD is being amortised evenly over

3 years.

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 cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Cost includes direct expenditure.

Deferred tax

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

the balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at

the operating result.

Operating 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.

Consolidation

In the opinion of the directors, the company and its subsidiary undertakings comprise a small group.

The company has therefore taken advantage of the exemption provided by section 398 of the

Companies Act 2006 not to prepare group accounts.

Investments

Investments are stated at cost less any provision for reduction in value.

Grants

Income from grants is included in the balance sheet as deferred income and released to the profit and

loss account over the period which the associated expenditure is incurred.

Website costs

Website costs have been capitalised in accordance with UITF 29.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

15,000

AMORTISATION

At 1 April 2015

10,000

Amortisation for year

5,000

At 31 March 2016

15,000

NET BOOK VALUE

At 31 March 2016

-

At 31 March 2015

5,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

367,665

Additions

5,339

At 31 March 2016

373,004

DEPRECIATION

At 1 April 2015

359,418

Charge for year

3,808

At 31 March 2016

363,226

NET BOOK VALUE

At 31 March 2016

9,778

At 31 March 2015

8,247

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2015

and 31 March 2016

33

NET BOOK VALUE

At 31 March 2016

33

At 31 March 2015

33

The company owns 33% of the Ordinary Share Capital (£1 Nominal Value) of the company listed

below which is incorporated in England and Wales

2015

2014

£

£

Aggregate capital and reserves

Illuminations Films Limited

777

1,227

Profit and (loss) for the year

Illuminations Films Limited

(450

)

20,164

The above figures are from the most recent financial accounts.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

200

Ordinary

£1

200

200

6.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed to Ms L R Zuck (Director) £10,428 (2015: £3,524 owed

from).

At the balance sheet date the company owed to J Wyver (Director) £10,380 (2015: £3,572 owed

from).

Illuminations (Television) Ltd holds 33% of shares in Illuminations Films Ltd, in which John Wyver is

also a director.

7.	ULTIMATE CONTROL

The company is controlled by J Wyver and Ms L R Zuck by virtue of their shareholdings.