Accounts filed on 31-05-2016

Accounts filed on 31-05-2016

COUNTERPOINT PRODUCTIONS LTD - Company Information

Print Friendly Version

062329372015-06-012016-05-31falsetruehttp://www.companieshouse.gov.uk/2015-05-31http://www.companieshouse.gov.uk/pt:PlantMachinery2015-05-31http://www.companieshouse.gov.uk/cd:Director12015-06-012016-05-31http://www.companieshouse.gov.uk/pt:PlantMachinery2016-05-31http://www.companieshouse.gov.uk/pt:LandBuildings2015-06-012016-05-31http://www.companieshouse.gov.uk/pt:FixturesFittings2015-05-31http://www.companieshouse.gov.uk/pt:FixturesFittings2016-05-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2015-05-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12015-06-012016-05-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2016-05-31http://www.companieshouse.gov.uk/pt:PlantMachinery2015-06-012016-05-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12016-05-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12015-05-31http://www.companieshouse.gov.uk/pt:FixturesFittings2015-06-012016-05-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2015-06-012016-05-31http://www.companieshouse.gov.uk/2014-06-012015-05-31http://www.companieshouse.gov.uk/2015-06-012016-05-31http://www.companieshouse.gov.uk/2015-05-31http://www.companieshouse.gov.uk/2016-05-31http://www.companieshouse.gov.uk/pt:LandBuildings2015-05-31http://www.companieshouse.gov.uk/cd:EntityAccountantsOrAuditors2015-06-012016-05-31http://www.companieshouse.gov.uk/pt:LandBuildings2016-05-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 06232937
Counterpoint Productions Ltd
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31/05/2016
Prepared By:
McEwen & Co
Forum House
Stirling Road
Chichester
West Sussex
PO19 7DN
Counterpoint Productions Ltd
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31/05/2016
INDEX TO THE ACCOUNTS
Abbreviated Balance Sheet2
Notes to the Abbreviated Accounts3
The company's registered number is 06232937
Counterpoint Productions Ltd
Registered Number: 06232937
BALANCE SHEET AT 31/05/2016
20162015
Notes££
FIXED ASSETS
Tangible assets221,23620,977
CURRENT ASSETS
Cash at bank and in hand387-
387-
CREDITORS: Amounts falling due within one year15,51815,824
NET CURRENT LIABILITIES(15,131)(15,824)
TOTAL ASSETS LESS CURRENT LIABILITIES6,1055,153
CREDITORS: Amounts falling due after more than one year39962,192
PROVISIONS FOR LIABILITIES-2,408
NET ASSETS5,109553
CAPITAL AND RESERVES
Called up share capital4100100
Profit and loss account5,009453
SHAREHOLDERS' FUNDS5,109553
For the year ending 31/05/2016 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 28/02/2017 and signed on their behalf by
Dr S J X Baysted
Director
Counterpoint Productions Ltd
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/05/2016
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effectiveJanuary 2015).
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildingsstraight line 2%%
Plant and Machineryreducing balance 25%
Fixtures and Fittingsreducing balance 25%
Equipmentreducing balance 25%
1c. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
1d. Turnover
Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.
1e. Hire Purchase And Leasing Commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.
1f. Deferred Tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Counterpoint Productions Ltd
2. TANGIBLE FIXED ASSETS
Land AndPlant andFixtures
BuildingsMachineryand FittingsEquipmentTotal
£££££
Cost
At 01/06/20159,41921,7947,13118,68257,026
Additions-3,2925469874,825
At 31/05/20169,41925,0867,67719,66961,851
Depreciation
At 01/06/20151,13017,3325,62311,96436,049
For the year1881,9385141,9264,566
At 31/05/20161,31819,2706,13713,89040,615
Net Book Amounts
At 31/05/20168,1015,8161,5405,77921,236
At 31/05/20158,2894,4621,5086,71820,977
The net book value of office equipments includes £2,017.69 in respect of assets held under Hire Purchase contracts purchased during the year. The amount of depreciation in respect of such assets amounted to £672.56 for the year.
3. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20162015
££
Other creditors9962,192
9962,192
Included in other creditors are:
Obligations under hire purchase9962,192
4. SHARE CAPITAL 20162015
££
Allotted, issued and fully paid:
100 Ordinary of £1 each100100
100100
Counterpoint Productions Ltd
5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
At the end of the period, the company was indebted to Miss S Legg in the sum of £13,628. This amount was unsecured and interest free. Also at the end of the period Mr S Baysted was indebted to the company in the sum of £4,703.
6. TRANSACTIONS WITH DIRECTORS
The company was controlled throughout the period by Mr S Baysted.