ACCOUNTS - Final Accounts preparation

BRASS MOUSTACHE FILMS LIMITED - Company Information

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Registered number: 08374244

BRASS MOUSTACHE FILMS LIMITED

UNAUDITED

ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 JANUARY 2014

BRASS MOUSTACHE FILMS LIMITED

CONTENTS

	Page
Balance sheet	1
Notes to the abbreviated accounts	2 - 3

BRASS MOUSTACHE FILMS LIMITED

REGISTERED NUMBER: 08374244

ABBREVIATED BALANCE SHEET

AS AT 31 JANUARY 2014

2014

	Note	£	£
FIXED ASSETS
Tangible assets	3		1,607

CURRENT ASSETS
Debtors	368
Cash at bank	1,632

	2,000
CREDITORS: amounts falling due within one year	(5,235)
NET CURRENT LIABILITIES		(3,235)

NET LIABILITIES

(1,628)

CAPITAL AND RESERVES
Called up share capital	4	2
Profit and loss account		(1,630)

SHAREHOLDERS' DEFICIT

(1,628)

The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 January 2014 and of its loss for the period in accordance with the requirements of sections 394 and 395 of the Act 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, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 21 October 2014.

M Donne	J Morris
Director	Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

BRASS MOUSTACHE FILMS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 JANUARY 2014

1.ACCOUNTING POLICIES

	1.1	Basis of preparation of financial statements
		The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

	1.2	Turnover
		Turnover comprises revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

	1.3	Tangible fixed assets and depreciation
		Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Equipment

25% straight line

2.GOING CONCERN

The company had a deficit on shareholders' funds at 31 January 2014 of £1,628. However, the directors are of the opinion that the company has and will continue to have the support of its creditors for the foreseeable future. In the light of this factor, the directors consider it appropriate to adopt the going concern basis in preparation of these financial statements.

3.TANGIBLE FIXED ASSETS

		£
	Cost
	Additions	1,714
	At 31 January 2014	1,714

	Depreciation
	Charge for the period	107
	At 31 January 2014	107

	Net book value
	At 31 January 2014	1,607

Page 2

BRASS MOUSTACHE FILMS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 JANUARY 2014

4.SHARE CAPITAL

			2014
			£
		Allotted, called up and fully paid

		2 Ordinary shares of £1 each	2

On 24 January 2013 the company issued 2 Ordinary shares of £1 at par to enable the company to commence trading activities.

Page 3