On Screen Productions Ltd - Accounts to registrar - small 17.2
On Screen Productions Ltd - Accounts to registrar - small 17.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 28 February 2017 |
| for |
| ON SCREEN PRODUCTIONS LTD |
| ON SCREEN PRODUCTIONS LTD (REGISTERED NUMBER: 02782694) |
| Contents of the Financial Statements |
| for the year ended 28 February 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| ON SCREEN PRODUCTIONS LTD |
| Company Information |
| for the year ended 28 February 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants and Business Advisers |
| The Counting House |
| Celtic Gateway |
| Dunleavy Drive |
| Cardiff |
| CF11 0SN |
| ON SCREEN PRODUCTIONS LTD (REGISTERED NUMBER: 02782694) |
| Balance Sheet |
| 28 February 2017 |
| 2017 | 2016 |
| Notes | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Investments | 6 |
| CURRENT ASSETS |
| Stocks | 7 |
| Debtors | 8 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 9 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
10 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET ASSETS |
| ON SCREEN PRODUCTIONS LTD (REGISTERED NUMBER: 02782694) |
| Balance Sheet - continued |
| 28 February 2017 |
| 2017 | 2016 |
| Notes | £ | £ |
| CAPITAL AND RESERVES |
| Called up share capital |
| Capital redemption reserve |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| ON SCREEN PRODUCTIONS LTD (REGISTERED NUMBER: 02782694) |
| Notes to the Financial Statements |
| for the year ended 28 February 2017 |
| 1. | STATUTORY INFORMATION |
| On Screen Productions Ltd is a |
| 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 |
| Preparation of consolidated financial statements |
| The financial statements contain information about On Screen Productions Ltd as an individual company and do |
| not contain consolidated financial information as the parent of a group. The company has taken the option |
| under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements. |
| Turnover |
| Turnover represents net invoiced sales of goods and services, excluding value added tax. |
| Revenue is recognised in the period in which the service is performed, with un-invoiced services accounted for |
| as work in progress. |
| Goodwill |
| Goodwill, being the amount paid in connection with the acquisition of a business in 2006 and has been fully |
| amortised over its estimated useful life. |
| 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. |
| Short leasehold | - | Straight line over the life of the lease |
| Plant & Machinery | - | Straight line between 3 and 4 years |
| Fixtures & Fittings | - | Straight line between 4 and 5 years |
| Motor vehicles | - | Straight line over 4 years |
| Computer equipment | - | Straight line between 2 and 5 years |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| ON SCREEN PRODUCTIONS LTD (REGISTERED NUMBER: 02782694) |
| Notes to the Financial Statements - continued |
| for the year ended 28 February 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in |
| bringing stocks to their present location and condition. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| ON SCREEN PRODUCTIONS LTD (REGISTERED NUMBER: 02782694) |
| Notes to the Financial Statements - continued |
| for the year ended 28 February 2017 |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 March 2016 |
| and 28 February 2017 |
| AMORTISATION |
| At 1 March 2016 |
| and 28 February 2017 |
| NET BOOK VALUE |
| At 28 February 2017 |
| At 29 February 2016 |
| 5. | TANGIBLE FIXED ASSETS |
| Short | Plant & | Fixtures | Computer |
| leasehold | Machinery | & Fittings | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 March 2016 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) | ( |
) |
| At 28 February 2017 |
| DEPRECIATION |
| At 1 March 2016 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) | ( |
) |
| At 28 February 2017 |
| NET BOOK VALUE |
| At 28 February 2017 |
| At 29 February 2016 |
| ON SCREEN PRODUCTIONS LTD (REGISTERED NUMBER: 02782694) |
| Notes to the Financial Statements - continued |
| for the year ended 28 February 2017 |
| 6. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 March 2016 |
| and 28 February 2017 |
| NET BOOK VALUE |
| At 28 February 2017 |
| At 29 February 2016 |
| 7. | STOCKS |
| 2017 | 2016 |
| £ | £ |
| Work-in-progress |
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| VAT |
| Prepayments and accrued income |
| ON SCREEN PRODUCTIONS LTD (REGISTERED NUMBER: 02782694) |
| Notes to the Financial Statements - continued |
| for the year ended 28 February 2017 |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Payments on account |
| Trade creditors |
| Corporation tax |
| Social security and other taxes |
| VAT |
| Other creditors |
| Accruals and deferred income |
| Deferred government grants |
| 10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Deferred government grants |
| 11. | ULTIMATE CONTROLLING PARTY |
| There is no Ultimate Controlling Party. |