Abbreviated Company Accounts - PLATFORM FILMS & VIDEO LIMITED

PLATFORM FILMS & VIDEO LIMITED - Company Information

01636690 PLATFORM FILMS & VIDEO LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 01636690 2013-04-01 2014-03-31 01636690 2014-03-31 01636690 2013-03-31 01636690 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 01636690 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 01636690

PLATFORM FILMS & VIDEO LIMITED

Abbreviated Accounts

31 March 2014

PLATFORM FILMS & VIDEO LIMITED Registered Number 01636690

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	843	2,285
		843	2,285
Current assets
Cash at bank and in hand		3,524	158
		3,524	158
Creditors: amounts falling due within one year		(28,312)	(14,946)
Net current assets (liabilities)		(24,788)	(14,788)
Total assets less current liabilities		(23,945)	(12,503)
Creditors: amounts falling due after more than one year		-	(5,030)
Total net assets (liabilities)		(23,945)	(17,533)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(24,045)	(17,633)
Shareholders' funds		(23,945)	(17,533)

For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 31 March 2014

And signed on their behalf by:
Christopher Reeves, Director

PLATFORM FILMS & VIDEO LIMITED Registered Number 01636690

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises the invoiced development and production income receivable net of Value Added Tax

Tangible assets depreciation policy
Tangible assets are stated at cost. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their residual value, over their respective useful lives as follows :

Production Equipment 20% straight line basis

Other accounting policies
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. Deferred taxation is calculated at the rates of tax that are expected to apply in the periods when the timing differences will reverse and has not been discounted.

Going Concern : The directors are of the opinion that income from future projects will return the Company to profit in the next three years and have, therefore, prepared these financial statements on a going concern basis.

Deferred Productions : Final costs of a production are only ascertained when the final cost reports are agreed with the Financiers. Income and expenditure on part complete productions are deferred until final costs and the extent to which they will be reimbursed is known

2Tangible fixed assets

	£
Cost
At 1 April 2013	31,124
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	31,124
Depreciation
At 1 April 2013	28,839
Charge for the year	1,442
On disposals	-
At 31 March 2014	30,281
Net book values
At 31 March 2014	843
At 31 March 2013	2,285

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100