March Productions Limited - Accounts to registrar - small 17.2

March Productions Limited - Accounts to registrar - small 17.2

MARCH PRODUCTIONS LIMITED - Company Information

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REGISTERED NUMBER: 02395544 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2017

FOR

MARCH PRODUCTIONS LIMITED

MARCH PRODUCTIONS LIMITED (REGISTERED NUMBER: 02395544)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MARCH PRODUCTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2017







DIRECTOR: S.W. McDonald





SECRETARY: Mrs S McDonald





REGISTERED OFFICE: 108 High Street
Stevenage
Hertfordshire
SG1 3DW





REGISTERED NUMBER: 02395544 (England and Wales)





ACCOUNTANTS: Barker Wilkinson Limited
108 High Street
Stevenage
Hertfordshire
SG1 3DW
Page 1
MARCH PRODUCTIONS LIMITED (REGISTERED NUMBER: 02395544)

BALANCE SHEET
31ST MARCH 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 660 1,244

CURRENT ASSETS
Debtors 5 7,354 5,785
Cash at bank and in hand 6,605 3,119
13,959 8,904
CREDITORS
Amounts falling due within one year 6 14,261 9,841
NET CURRENT LIABILITIES (302 ) (937 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
358
307

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 356 305
SHAREHOLDERS' FUNDS 358 307

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2017 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 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 Income Statement has not been delivered.

The financial statements were approved by the director on 11th August 2017 and were signed by:





S.W. McDonald - Director


The notes form part of these financial statements

Page 2
MARCH PRODUCTIONS LIMITED (REGISTERED NUMBER: 02395544)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2017

1. STATUTORY INFORMATION

March Productions 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.

The director has assessed various factors and risks affecting the company and its ability in these difficult
economic times to continue to trade as a going concern.He has not identified any material uncertainties or risks
related to events or conditions that could cast significant doubt about the company's ability to continue as a going
concern and therefore the financial statements for the year ended 31st March 2017 have been prepared using the
going concern basis of accounting.

Significant judgements and estimates
In the application of the company's accounting policies, management is required to make judgements, estimates
and assumptions about the carrying values of assets and liabilities that are not readily apparent from other
sources. The estimates and underlying assumptions are based on historical experience and other factors that are
considered to be relevant. Actual results may differ from those estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates
are recognised in the period in which the estimate is revised if the revision affects only that period, or in the
period of the revision and future periods if the revision affects both current and future periods.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on cost

Financial instruments
The director considers all financial instruments to be basic financial instruments in accordance with paragraph 11
of FRS102. All basic financial instruments including trade and other debtors, cash and cash equivalents, and
trade and other creditors, are initially recognised at transaction price and thereafter stated at amortised cost.

Trade and other receivables and payables

Trade and other receivables and payables are measured at amortised cost which approximates to fair value given
the short term nature of these assets and liabilities.

Trade receivables are valued at original invoice amount less an allowance for potentially un-collectable debts.
Provision is made where this is objective evidence to suggest that the company will not be in a position to collect
receivables as they fall due. Bad and Doubtful debts are written off in the profit and loss account on
identification.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances held for the purposes of meeting short-term cash
commitments.


Page 3 continued...
MARCH PRODUCTIONS LIMITED (REGISTERED NUMBER: 02395544)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2017

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current . Tax is recognised in the Income Statement, except to the extent that it
relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1st April 2016
and 31st March 2017 9,124
DEPRECIATION
At 1st April 2016 7,880
Charge for year 584
At 31st March 2017 8,464
NET BOOK VALUE
At 31st March 2017 660
At 31st March 2016 1,244

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 7,354 5,785

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 882 873
Tax 5,317 3,356
VAT 2,527 2,016
Directors' current accounts 4,047 2,581
Accrued expenses 1,488 1,015
14,261 9,841

7. ULTIMATE CONTROLLING PARTY

No one individual controls the company.

Page 4 continued...
MARCH PRODUCTIONS LIMITED (REGISTERED NUMBER: 02395544)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2017

8. FIRST YEAR ADOPTION

The company adopted Financial Reporting Standard 102 (section 1A) with effect from 1st January 2016. There
are no material impacts on how the prior financial period's transactions and balances were originally recorded
under the preceding standard adopted, which was the Financial Reporting Standard for Smaller Entities (effective
January 2015), and therefore the comparative figures within these financial statements have not been required to
be re-stated.

Page 5