SMART_FILM_PRODUCTIONS_LI - Accounts

SMART FILM PRODUCTIONS LIMITED - Company Information

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Company Registration No. 05219614 (England and Wales)

SMART FILM PRODUCTIONS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

SMART FILM PRODUCTIONS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

SMART FILM PRODUCTIONS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

6,009

7,285

Current assets

Debtors

39,102

Cash at bank and in hand

30,692

16,307

69,794

16,307

Creditors: amounts falling due within one year

(62,580)

(7,571)

Net current assets

7,214

8,736

Total assets less current liabilities

13,223

16,021

Capital and reserves

Called up share capital

Profit and loss account

13,221

16,019

Shareholders' funds

13,223

16,021

For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 9 May 2017

Mr G M Burridge

Director

Company Registration No. 05219614

SMART FILM PRODUCTIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% on a reducing balance basis

Fixed assets

Tangible assets

Cost

At 1 October 2015

32,744

Additions

727

At 30 September 2016

33,471

Depreciation

At 1 October 2015

25,459

Charge for the year

2,003

At 30 September 2016

27,462

Net book value

At 30 September 2016

6,009

At 30 September 2015

7,285

Share capital

2016

2015

Allotted, called up and fully paid

2 Ordinary shares of £1 each

SMART FILM PRODUCTIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 3 -

Related party relationships and transactions

Other transactions

At the year end Mr G M Burridge was owed by the company £28,91 (2015: £3,291) by way of his director's current account. The balance outstanding to Ms L J Burridge at the end of each of these financial years was £ nil.

During the year the company traded rent free from the home of Mr G M Burridge.