Cannon and Morley Productions Limited Small abbreviated accounts
Cannon and Morley Productions Limited Small abbreviated accounts
COMPANY REGISTRATION NUMBER
03758575
ABBREVIATED BALANCE SHEET
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2016 |
2015 |
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Note |
£ |
£ |
£ |
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FIXED ASSETS |
2 |
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Tangible assets |
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---- |
---- |
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CURRENT ASSETS
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Debtors |
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Cash at bank and in hand |
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--------- |
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20,612 |
38,856 |
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CREDITORS: Amounts falling due within one year |
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--------- |
--------- |
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NET CURRENT (LIABILITIES)/ASSETS |
(
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--------- |
---- |
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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 |
4 |
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Profit and loss account |
(
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--------- |
---- |
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(DEFICIT)/SHAREHOLDERS' FUNDS |
(
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--------- |
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Directors' responsibilities:
-
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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts were approved by the directors and authorised for issue on
18 January 2017
, and are signed on their behalf by:
Company Registration Number:
03758575
NOTES TO THE ABBREVIATED ACCOUNTS
YEAR ENDED 30 APRIL 2016
1.
ACCOUNTING POLICIES
Basis of accounting
Turnover
Fixed assets
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
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.
FIXED ASSETS
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Tangible Assets |
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£ |
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COST
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At 1 May 2015 and 30 April 2016 |
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--------- |
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DEPRECIATION
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At 1 May 2015 |
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Charge for year |
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--------- |
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At 30 April 2016 |
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--------- |
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NET BOOK VALUE
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At 30 April 2016 |
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---- |
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At 30 April 2015 |
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3.
TRANSACTIONS WITH THE DIRECTORS
The director
Ms C Cannon
was paid £12,000 (2015: £9,000) for her services as producer.
4.
SHARE CAPITAL
Allotted, called up and fully paid:
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2016 |
2015 |
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No. |
£ |
No. |
£ |
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CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF CANNON AND MORLEY PRODUCTIONS LIMITED
YEAR ENDED 30 APRIL 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 Cannon and Morley Productions Limited for the year ended 30 April 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.