BRISTOL_TELEVISION_FILM_S - Accounts

BRISTOL TELEVISION FILM SERVICES LIMITED - Company Information

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Company Registration No. 01991107 (England and Wales)

BRISTOL TELEVISION FILM SERVICES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2016

BRISTOL TELEVISION FILM SERVICES LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 5

BRISTOL TELEVISION FILM SERVICES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

841,051

631,849

Current assets

Stocks

61,489

50,428

Debtors

295,249

262,178

Cash at bank and in hand

11,822

13,223

368,560

325,829

Creditors: amounts falling due within one year

(533,200)

(355,261)

Net current liabilities

(164,640)

(29,432)

Total assets less current liabilities

676,411

602,417

Creditors: amounts falling due after more than one year

(202,391)

(143,184)

Provisions for liabilities

(95,333)

(70,851)

378,687

388,382

Capital and reserves

Called up share capital

20,000

Profit and loss account

358,687

368,382

Shareholders' funds

378,687

388,382

BRISTOL TELEVISION FILM SERVICES LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 JULY 2016

- 2 -

For the financial year ended 31 July 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 31 May 2017

B Baker

Director

Company Registration No. 01991107

BRISTOL TELEVISION FILM SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

- 3 -

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).

Going concern

The company has the ongoing support of its directors and providers of finance to enable it to continue to trade in the long term, future trading prospects have been reviewed by the directors and it is envisaged that the company will continue to be profitable. For this reason, the directors consider the going concern basis for the preparation of the accounts to be appropriate.

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 the provision of vehicles and associated support services net of VAT. Income is recognised when the company has fulfilled its obligations to its customers on an invoice basis.

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:

Land and buildings Leasehold

33% on cost

Plant and machinery

15% on reducing balance

Fixtures, fittings & equipment

10% on reducing balance

Motor vehicles

20% on reducing balance

1.5

Stock and work in progress

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

BRISTOL TELEVISION FILM SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2016

- 4 -

Fixed assets

Tangible assets

Cost

At 1 August 2015

2,256,620

Additions

384,357

Disposals

(95,714)

At 31 July 2016

2,545,263

Depreciation

At 1 August 2015

1,624,770

On disposals

(84,481)

Charge for the year

163,923

At 31 July 2016

1,704,212

Net book value

At 31 July 2016

841,051

At 31 July 2015

631,849

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £201,225 (2015 - £100,404).

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £202,391 (2015 - £143,184).

Share capital

2016

2015

Allotted, called up and fully paid

19,998 A ordinary shares of £1 each

19,998

2 B Class ordinary shares of £1 each

20,000

BRISTOL TELEVISION FILM SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2016

- 5 -

Ultimate parent company

Throughout the current and previous years the company was controlled by Mr B Baker and Mrs J Baker, by virtue of their shareholdings in Baker Group Holdings Limited, the ultimate parent company.

Related party relationships and transactions

Advances and credits to directors

The following director received advances and credits during the year as follows:

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

B Baker -

4,144

3,856

15,109

(7,109)

4,144

3,856

15,109

(7,109)

The maximum amount outstanding during the year was £5,747.