Arts Corporate & Entertainment Productio - Accounts to registrar - small 17.2

REGISTERED NUMBER: 02807113 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

FOR

ARTS CORPORATE & ENTERTAINMENT

PRODUCTIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A P Lesley

REGISTERED OFFICE:

17 Shaftesbury

Loughton

Essex

IG10 1HN

REGISTERED NUMBER:

02807113 (England and Wales)

ACCOUNTANTS:

Gane Jackson Scott LLP

Chartered Certified Accountants

Second Floor, Kestrel House

Falconry Court

Bakers Lane

Epping

Essex

CM16 5BD

FIXED ASSETS

Tangible assets

4

3,490

1,981

CURRENT ASSETS

Stocks

66,487

61,085

Debtors

5

7,749

8,363

Cash at bank

68,033

53,767

142,269

123,215

CREDITORS

Amounts falling due within one year

6

59,709

54,490

NET CURRENT ASSETS

82,560

68,725

TOTAL ASSETS LESS CURRENT LIABILITIES

86,050

70,706

PROVISIONS FOR LIABILITIES

516

174

NET ASSETS

85,534

70,532

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

7

85,434

70,432

SHAREHOLDERS' FUNDS

85,534

70,532

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 5 June 2017 and were signed by:

A P Lesley - Director

1.	STATUTORY INFORMATION

Arts Corporate & Entertainment 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.

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.

Fixtures and fittings

-

25% on reducing balance

Stocks

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

obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 May 2016

47,471

Additions

2,673

At 30 April 2017

50,144

DEPRECIATION

At 1 May 2016

45,490

Charge for year

1,164

At 30 April 2017

46,654

NET BOOK VALUE

At 30 April 2017

3,490

At 30 April 2016

1,981

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

2,097

3,989

Prepayments

5,652

4,374

7,749

8,363

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

39,772

29,837

Tax

7,954

4,950

Social security and other taxes

486

732

VAT

5,318

4,027

Other creditors

2,206

2,674

Directors' current accounts

476

9,039

Accrued expenses

3,497

3,231

59,709

54,490

7.

RESERVES

Retained

earnings

£

At 1 May 2016

70,432

Profit for the year

30,897

Dividends

(15,895

)

At 30 April 2017

85,434