Huxley Studios Ltd - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 09412277 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Huxley Studios Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J Eagles

J L Macerola Pacha

A Try

REGISTERED OFFICE:

31 Berkeley Square

Bristol

BS8 1HP

REGISTERED NUMBER:

09412277 (England and Wales)

ACCOUNTANTS:

David Bunker & Associates

14 Orchard Street

Bristol

BS1 5EH

FIXED ASSETS

Tangible assets

3

34,903

22,957

CURRENT ASSETS

Debtors

4

7,682

14,786

Cash at bank and in hand

60,294

11,891

67,976

26,677

CREDITORS

Amounts falling due within one year

5

47,834

29,117

NET CURRENT ASSETS/(LIABILITIES)

20,142

(2,440

)

TOTAL ASSETS LESS CURRENT LIABILITIES

55,045

20,517

CREDITORS

Amounts falling due after more than one year

6

9,897

18,641

NET ASSETS

45,148

1,876

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

45,145

1,873

SHAREHOLDERS' FUNDS

45,148

1,876

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 2 June 2017 and were signed on its behalf by:

A Try - Director

1.	STATUTORY INFORMATION

Huxley Studios Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

29,220

Additions

20,036

At 31 March 2017

49,256

DEPRECIATION

At 1 April 2016

6,263

Charge for year

8,090

At 31 March 2017

14,353

NET BOOK VALUE

At 31 March 2017

34,903

At 31 March 2016

22,957

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

6,120

14,118

Other debtors

1,562

668

7,682

14,786

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

30

-

Amounts owed to participating interests

13,950

11,616

Taxation and social security

17,829

1,076

Other creditors

16,025

16,425

47,834

29,117

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans

9,897

18,641