Zaltman Films Limited Small abbreviated accounts
Zaltman Films Limited Small abbreviated accounts
COMPANY REGISTRATION NUMBER
03061567
FOR
ABBREVIATED BALANCE SHEET
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2016 |
2015 |
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Note |
£ |
£ |
£ |
CURRENT ASSETS
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Stocks |
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- |
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Debtors |
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Cash at bank and in hand |
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98,463 |
64,399 |
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CREDITORS: Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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--------- |
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CAPITAL AND RESERVES
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Called up equity share capital |
2 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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Director's responsibilities:
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts were approved and signed by the director and authorised for issue on
14 December 2016
.
Company Registration Number:
03061567
NOTES TO THE ABBREVIATED ACCOUNTS
YEAR ENDED 31ST MARCH 2016
1.
ACCOUNTING POLICIES
Basis of accounting
Turnover
Work in progress
The stocks represent film production expenditure and are carried forward at cost. The project costs are written off when it is expected not to be pursued within the foreseeable future.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
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 the transaction. Exchange differences are taken into account in arriving at the operating profit.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
2.
SHARE CAPITAL
Allotted, called up and fully paid:
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2016 |
2015 |
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No. |
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No. |
£ |
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CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF ZALTMAN FILMS LIMITED
YEAR ENDED 31ST MARCH 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Zaltman Films Limited for the year ended 31st March 2016 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
Our work has been undertaken in accordance with the requirements of Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.