LEU Productions Limited - Period Ending 2016-06-30

Registration number: 06611469

LEU Productions Limited

trading as Leu Productions Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2016
 

Broadhead Accountants Limited

LEU Productions Limited
trading as Leu Productions Limited
Contents

Company Information 1

Director's Report 2

Accountants' Report 3

Profit and Loss Account 4

Balance Sheet 5

Notes to the Financial Statements 6 to 8

LEU Productions Limited
trading as Leu Productions Limited
Company Information

Director

Laura Montemagno

Registered office

SUITE 402 BRITANNIA HOUSE 1-11 GLENTHORNE ROAD LONDON W6 0LH

Page 1

LEU Productions Limited
trading as Leu Productions Limited
Director's Report for the Year Ended 30 June 2016

The director presents her report and the unaudited financial statements for the year ended 30 June 2016.

Director of the company

The director who held office during the year was as follows:

Laura Montemagno

Small company provisions

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

Approved by the Board on 31 March 2017 and signed on its behalf by:

.........................................
Laura Montemagno
Director

Page 2

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of
 LEU Productions Limited
trading as Leu Productions Limitedfor the Year Ended 30 June 2016

In order to assist you to fulfil your directors' duties under the Companies Act 2006, we have prepared for your review and approval the financial statements of LEU Productions Limited for the year ended 30 June 2016. These financial statements have been prepared from the company's accounting records and from information and explanations you have given us.

As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to ethical and other professional requirements.

This report is made solely to the Board of Directors of LEU Productions Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of LEU Productions Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LEU Productions Limited and its Board of Directors as a body for our work or for this report.

The acceptance of the financial statements and the directors' report by the directors indicates acceptance of our accountants' report too. Use of these financial statements by external parties indicates acknowledgement of these conditions and limitations.

 
  ......................................
  Broadhead Accountants Limited Chartered Accountants Suite 402 Britannia House 1-11 Glenthorne Road Hammersmith London W6 0LH
 
 
 

18 April 2017

Page 3

LEU Productions Limited
trading as Leu Productions Limited
Profit and Loss Account for the Year Ended 30 June 2016

		Note			2016 £			2015 £
Turnover					36,526			29,324
Administrative expenses					(9,246)			(9,693)
Operating profit					27,280			19,631
Profit on ordinary activities before taxation					27,280			19,631
Tax on profit on ordinary activities		3			(5,456)			(3,926)
Profit for the financial year		8			21,824			15,705

The notes on pages 6 to 8 form an integral part of these financial statements.
Page 4

LEU Productions Limited
trading as Leu Productions Limited
(Registration number: 06611469)
Balance Sheet at 30 June 2016

		Note			2016 £			2015 £
Current assets
Debtors		4			34,732			19,366
Creditors: Amounts falling due within one year		5			(23,681)			(18,639)
Net assets					11,051			727
Capital and reserves
Called up share capital		6			100			100
Profit and loss account		8			10,951			627
Shareholders' funds					11,051			727

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with FRS 102.

For the year ending 30 June 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised for issue by the director on 31 March 2017

.........................................
Laura Montemagno
Director

The notes on pages 6 to 8 form an integral part of these financial statements.
Page 5

LEU Productions Limited
trading as Leu Productions Limited
Notes to the Financial Statements for the Year Ended 30 June 2016
......... continued

1	Accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 102.

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Director's remuneration

The director's remuneration for the year was as follows:

		2016 £			2015 £
Remuneration		8,052			7,980

3

Taxation

Tax on profit on ordinary activities

		2016 £			2015 £
Current tax
Corporation tax charge		5,456			3,926

Page 6

LEU Productions Limited
trading as Leu Productions Limited
Notes to the Financial Statements for the Year Ended 30 June 2016
......... continued

4

Debtors

		2016 £			2015 £
Trade debtors		3,500			481
Other debtors		31,232			18,885
		34,732			19,366

5	Creditors: Amounts falling due within one year

		2016 £			2015 £
Corporation tax		22,661			17,619
Other creditors		1,020			1,020
		23,681			18,639

6	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary share of £1 each		100			100			100			100

7

Dividends

		2016 £			2015 £
Dividends paid
Current year interim dividend paid		11,500			16,000

Page 7

LEU Productions Limited
trading as Leu Productions Limited
Notes to the Financial Statements for the Year Ended 30 June 2016
......... continued

8

Reserves

		Profit and loss account £			Total £
At 1 July 2015		627			627
Profit for the year		21,824			21,824
Dividends		(11,500)			(11,500)
At 30 June 2016		10,951			10,951

Page 8