ADDICTED FILMS LTD - Abbreviated accounts

ADDICTED FILMS LIMITED - Company Information

Registered number

05815051

ADDICTED FILMS LTD

ABBREVIATED ACCOUNTS

30 NOVEMBER 2016

ADDICTED FILMS LTD

ABBREVIATED BALANCE SHEET

as at 30 November 2016
Company Registration No.		05815051


Notes				2016			2015
£					£
Fixed assets
Tangible assets		2		777			777

Current assets
Debtors			146,411			146,411
Cash at bank and in hand			127			127
			146,538			146,538

Creditors: amounts falling due within one year			(46,981)			(46,981)

Net current assets				99,557			99,557

Total assets less current liabilities				100,334			100,334

Creditors: amounts falling due after more than one year				(130,000)			(130,000)



Net liabilities				(29,666)			(29,666)

Capital and reserves
Called up share capital		3		100			100
Profit and loss account				(29,766)			(29,766)

Shareholders' funds				(29,666)			(29,666)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime within Part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective January 2015).


Approved by the board on 5 June 2017

………………………………………
Nicholas M Stillwell
Director

ADDICTED FILMS LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2016


1	Accounting policies

	Basis of preparation
	The accounts 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 which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends on the company being able to trade profitably in the future and the continued support of the company's directors who are also shareholders. The financial statements do not include any adjustments that would result if the company continued to make losses and such support were withdrawn. If the company was unable to continue to trade, adjustments would have to be made to reduce the value of assets to their recoverable amounts, provide for further liabilities that may arise and to reclassify fixed assets and long term liabilities as current assets and liabilities. The shareholders and directors have expressed their willingness to continue supporting the company for the foreseeable future and hence it is appropriate for the financial statements to be prepared on a going concern basis.

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

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

	Fixtures, fittings and equipment			15% reducing balance

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.


2	Tangible fixed assets					£

	Cost
	At 1 December 2015					1,180
	At 30 November 2016					1,180

	Depreciation
	At 1 December 2015					403
	At 30 November 2016					403

	Net book value
	At 30 November 2016					777
	At 30 November 2015					777


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100