PMK Productions Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 07042764 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2016

for

PMK Productions Limited

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

P McKenna

SECRETARY:

Miss K Davey

REGISTERED OFFICE:

Clay Barn

Ipsley Court

Berrington Close

Redditch

Worcestershire

B98 0TD

REGISTERED NUMBER:

07042764 (England and Wales)

ACCOUNTANTS:

Clay & Associates Ltd

Clay Barn

Ipsley Court

Berrington Close

Redditch

Worcestershire

B98 0TD

FIXED ASSETS

Intangible assets

5

132,500

142,500

Tangible assets

6

5,526

2,300

138,026

144,800

CURRENT ASSETS

Stocks

5,500

5,500

Debtors

209,740

40,242

Cash at bank

113,988

110,354

329,228

156,096

CREDITORS

Amounts falling due within one year

500,823

172,633

NET CURRENT LIABILITIES

(171,595

)

(16,537

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(33,569

)

128,263

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

(33,669

)

128,163

SHAREHOLDERS' FUNDS

(33,569

)

128,263

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 December 2016 in accordance with Section 444(2A) of the Companies Act 2006.

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 27 September 2017 and were signed by:

P McKenna - Director

1.	STATUTORY INFORMATION

PMK 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.

The company's place of business is 26a Drayson Mews, London, W8 4LY.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

For the year ended 31 December 2016, the company incurred a loss of £161,832 and had net liabilities of

£33,569. The company is supported by loans from the sole shareholder and director who has indicated that

repayment of these funds will not be sought in the next twelve months. Whilst this agreement is not

contractual, the director is of the opinion that it provides sufficient resources to enable the company to

continue trading for the foreseeable future and therefore the accounts have been prepared on a going

concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

5.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2016

and 31 December 2016

200,000

AMORTISATION

At 1 January 2016

57,500

Amortisation for year

10,000

At 31 December 2016

67,500

NET BOOK VALUE

At 31 December 2016

132,500

At 31 December 2015

142,500

6.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2016

8,953

Additions

5,919

Disposals

(4,117

)

At 31 December 2016

10,755

DEPRECIATION

At 1 January 2016

6,653

Charge for year

393

Eliminated on disposal

(1,817

)

At 31 December 2016

5,229

NET BOOK VALUE

At 31 December 2016

5,526

At 31 December 2015

2,300

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100

8.	RELATED PARTY DISCLOSURES