Abbreviated Company Accounts - BREAKTHRU FILMS LIMITED

BREAKTHRU FILMS LIMITED - Company Information

Registered Number 04353578

BREAKTHRU FILMS LIMITED

Abbreviated Accounts

31 January 2014

BREAKTHRU FILMS LIMITED Registered Number 04353578

Abbreviated Balance Sheet as at 31 January 2014

	2014	2013
	£	£
Current assets
Stocks	-	572,827
Debtors	10,820	43,347
Cash at bank and in hand	73	73
	10,893	616,247
Creditors: amounts falling due within one year	(253,592)	(769,589)
Net current assets (liabilities)	(242,699)	(153,342)
Total assets less current liabilities	(242,699)	(153,342)
Creditors: amounts falling due after more than one year	(1,021,875)	(1,058,875)
Total net assets (liabilities)	(1,264,574)	(1,212,217)
Capital and reserves
Called up share capital	1,000	1,000
Profit and loss account	(1,265,574)	(1,213,217)
Shareholders' funds	(1,264,574)	(1,212,217)

For the year ending 31 January 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 24 October 2014

And signed on their behalf by:
H S J Welchman, Director

BREAKTHRU FILMS LIMITED Registered Number 04353578

Notes to the Abbreviated Accounts for the period ended 31 January 2014

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents the value of services supplied and royalties receivable. Income on projects is recognised over the life of the project. Any losses on individual projects are recognised as they arise.

Other accounting policies
Investment in productions
Investments in productions are valued at the lower of cost and net realisable value. Amounts received in excess of the carrying value of the expenditure is included in 'Creditors : amounts falling due within one year'' as Accruals and Deferred Income.