Goodnight Mr Tom Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 08183179 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2016

for

Goodnight Mr Tom Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

E G C Snape

REGISTERED OFFICE:

National House

60-66 Wardour Street

London

W1F 0TA

REGISTERED NUMBER:

08183179 (England and Wales)

ACCOUNTANTS:

Kingston Smith LLP

Charlotte Building

17 Gresse Street

London

W1T 1QL

CURRENT ASSETS

Debtors

72,694

2

Cash at bank

28,501

-

101,195

2

CREDITORS

Amounts falling due within one year

39,037

-

NET CURRENT ASSETS

62,158

2

TOTAL ASSETS LESS CURRENT
LIABILITIES

62,158

2

CAPITAL AND RESERVES

Called up share capital

2

Profit and loss account

62,156

-

SHAREHOLDERS' FUNDS

62,158

2

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 9 June 2017 and were signed by:

E G C Snape - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with

the Financial Reporting Standard for Smaller Entities (effective January 2015).

It is the intention of the directors to voluntarily dissolve the company within twelve months of the signing

of the accounts. For this reason the financial statements have not been prepared on a going concern

basis.

Turnover

Represents revenue from the company's principal activity and comprises royalties, management fees and

the company's share of net profits of the shows it produces. Turnover arose solely in the United Kingdom

and is stated exclusive of value added tax.

When cash inflows are deferred and represent a financing arrangement, the fair value of the

consideration is the present value of the future receipts. The difference between the fair value of the

consideration and the nominal amount received is recognised as interest income. Revenue from the sale

of goods is recognised when the significant risks and rewards of ownership of the goods have passed to

the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is

probable that the economic benefits associated with the transaction will flow to the entity and the costs

incurred or to be incurred in respect of the transaction can be measured reliably.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to the profit and loss account in the period to which they relate.

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as

reported in the profit and loss account because it excludes items of income or expense that are taxable

or deductible in other years and it further excludes items that are never taxable or deductible. The

company’s liability for current tax is calculated using tax rates that have been enacted or substantively

enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are

recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax

liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing

difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction

that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the

extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the

asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period

when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and

loss account, except when it relates to items charged or credited directly to equity, in which case the

deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company

has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and

liabilities relate to taxes levied by the same tax authority.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2