Silver Light Productions Limited - Abbreviated accounts

SILVER LIGHT PRODUCTIONS LIMITED - Company Information

Registered number

01807770

Silver Light Productions Limited

Abbreviated Accounts

31 March 2016

Silver Light Productions Limited
Registered number:		01807770
Abbreviated Balance Sheet
as at 31 March 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		1,416			-
Investments	3		77			77
			1,493			77

Current assets
Debtors		3,550			12,572
Cash at bank and in hand		11,677			3,787
		15,227			16,359

Creditors: amounts falling due within one year		(15,705)			(18,433)

Net current liabilities			(478)			(2,074)

Net assets/(liabilities)			1,015			(1,997)

Capital and reserves
Called up share capital	4		100			100
Profit and loss account			915			(2,097)

Shareholders' funds			1,015			(1,997)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit 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 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.



David Marlow
Director
Approved by the board on 19 December 2016

Silver Light Productions Limited
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 April 2008).

	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.

	Fixtures & Fittings			25% reducing balance
	Equipment			33.3% straight line

	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.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term. Where the company has entered into a sale and leaseback agreement, the finance lease is matched by a secured deposit such that interest earned on the deposit will cover the interest charge on the finance lease over the term of the lease. The deposit is only to be used to settle the finance lease liability and therefore it has been offset with the finance lease creditor to show the net unmatched liability at the year end. Similarly, the interest earned on the deposit is offset against the interest charges within the lease payment.


2	Tangible fixed assets					£

	Cost
	At 1 April 2015					19,764
	Additions					2,124
	At 31 March 2016					21,888

	Depreciation
	At 1 April 2015					19,764
	Charge for the year					708
	At 31 March 2016					20,472

	Net book value
	At 31 March 2016					1,416


3	Investments					£

	Cost
	At 1 April 2015					77

	At 31 March 2016					77

4	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100