Redwood Films Limited - Accounts to registrar - small 17.2

Redwood Films Limited - Accounts to registrar - small 17.2

REDWOOD FILMS LIMITED - Company Information

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REGISTERED NUMBER: 05024984 (England and Wales)



















Financial Statements

for the Year Ended 31 January 2017

for

Redwood Films Limited

Redwood Films Limited (Registered number: 05024984)






Contents of the Financial Statements
for the Year Ended 31 January 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Redwood Films Limited

Company Information
for the Year Ended 31 January 2017







DIRECTORS: P J K Gibbs
Mrs C A Gibbs





SECRETARY: Mrs C A Gibbs





REGISTERED OFFICE: The Mills
Canal Street
Derby
DE1 2RJ





BUSINESS ADDRESS: 6 Redwood Park
Shipston on Stour
Warwickshire
CV36 4HX





REGISTERED NUMBER: 05024984 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ
Page 1
Redwood Films Limited (Registered number: 05024984)

Balance Sheet
31 January 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 12,150 16,200
Tangible assets 5 1,705 2,044
13,855 18,244

CURRENT ASSETS
Debtors 6 4,029 -
Cash at bank 71,333 67,758
75,362 67,758
CREDITORS
Amounts falling due within one year 7 88,434 57,690
NET CURRENT (LIABILITIES)/ASSETS (13,072 ) 10,068
TOTAL ASSETS LESS CURRENT
LIABILITIES
783
28,312

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 683 28,212
SHAREHOLDERS' FUNDS 783 28,312

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 20 July 2017 and were signed on its
behalf by:




P J K Gibbs - Director


The notes form part of these financial statements

Page 2
Redwood Films Limited (Registered number: 05024984)

Notes to the Financial Statements
for the Year Ended 31 January 2017

1. STATUTORY INFORMATION

Redwood Films Limited 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 represents the amounts (excluding value added tax) derived from the provision of services to
customers during the year.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 2004, is being
amortised evenly over its estimated useful life of five years from 1 February 2015.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated
impairment loss. Historical cost includes expenditure that is directly attributable to bringing the asset to
the location and condition necessary for it to be capable of operating in the manner intended by
management.

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

Fixtures and fittings - 15% on reducing balance

Computer Equipment - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2016
and 31 January 2017 45,000
AMORTISATION
At 1 February 2016 28,800
Charge for year 4,050
At 31 January 2017 32,850
NET BOOK VALUE
At 31 January 2017 12,150
At 31 January 2016 16,200

Page 3 continued...
Redwood Films Limited (Registered number: 05024984)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2017

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2016
and 31 January 2017 10,842 1,938 12,780
DEPRECIATION
At 1 February 2016 9,122 1,614 10,736
Charge for year 258 81 339
At 31 January 2017 9,380 1,695 11,075
NET BOOK VALUE
At 31 January 2017 1,462 243 1,705
At 31 January 2016 1,720 324 2,044

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 4,029 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Tax 2,590 3,585
Social security and other taxes 80 53
Other creditors 763 790
Directors' loan account 83,001 51,262
Accrued expenses 2,000 2,000
88,434 57,690

Page 4