20_20_PRODUCTIONS_EUROPE_ - Accounts

20/20 PRODUCTIONS EUROPE LIMITED - Company Information

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Company Registration No. SC127480 (Scotland)

20/20 PRODUCTIONS EUROPE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

20/20 PRODUCTIONS EUROPE LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

20/20 PRODUCTIONS EUROPE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

161,628

150,732

Current assets

Stocks

399

1,955

Debtors

271,333

326,593

Cash at bank and in hand

185,876

89,430

457,608

417,978

Creditors: amounts falling due within one year

(154,444)

(102,922)

Net current assets

303,164

315,056

Total assets less current liabilities

464,792

465,788

Creditors: amounts falling due after more than one year

(13,112)

(7,544)

Provisions for liabilities

(26,159)

(17,407)

425,521

440,837

Capital and reserves

Called up share capital

10,000

Profit and loss account

415,521

430,837

Shareholders' funds

425,521

440,837

20/20 PRODUCTIONS EUROPE LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 SEPTEMBER 2016

- 2 -

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 and authorised for issue on 19 June 2017

Mr Alastair Scott

Director

Company Registration No. SC127480

20/20 PRODUCTIONS EUROPE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 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).

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.

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:

Land and buildings Leasehold

10% Straight Line

Fixtures, fittings & equipment

20% Reducing Balance

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.6

Foreign currency translation

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

20/20 PRODUCTIONS EUROPE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 4 -

Fixed assets

Tangible assets

Cost

At 1 October 2015

601,880

Additions

57,399

At 30 September 2016

659,279

Depreciation

At 1 October 2015

451,147

Charge for the year

46,504

At 30 September 2016

497,651

Net book value

At 30 September 2016

161,628

At 30 September 2015

150,732

Share capital

2016

2015

Allotted, called up and fully paid

10,000 Ordinary of £1 each

10,000