Polka Dot Pantomimes Limited - Period Ending 2016-07-31

Registration number: 07656417

Polka Dot Pantomimes Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 July 2016
 

Bulley Davey Limited
Chartered Certified Accountants
1 - 4 London Road
Spalding
Lincolnshire
PE11 2TA

Polka Dot Pantomimes Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Polka Dot Pantomimes Limited
(Registration number: 07656417)
Abbreviated Balance Sheet at 31 July 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			19,485			17,737
Current assets
Stocks					38,764			76,058
Debtors					32,220			10,645
Cash at bank and in hand					(694)			17,763
					70,290			104,466
Creditors: Amounts falling due within one year					(220,868)			(115,516)
Net current liabilities					(150,578)			(11,050)
Net (liabilities)/assets					(131,093)			6,687
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					(131,193)			6,587
Shareholders' (deficit)/funds					(131,093)			6,687

For the year ending 31 July 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 25 April 2017 and signed on its behalf by:

.........................................
Mrs Helen Wright
Director

.........................................
Mr Darren John Maddison
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Polka Dot Pantomimes Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Going concern

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

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Computers and theatre equipment	15% straight line

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 August 2015		32,104			32,104
Additions		5,212			5,212
At 31 July 2016		37,316			37,316
Depreciation
At 1 August 2015		14,367			14,367
Charge for the year		3,464			3,464
At 31 July 2016		17,831			17,831
Net book value
At 31 July 2016		19,485			19,485
At 31 July 2015		17,737			17,737

Page 2

Polka Dot Pantomimes Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

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

Page 3