Ditch Productions Limited - Limited company accounts 17.3
Ditch Productions Limited - Limited company accounts 17.3
| REGISTERED NUMBER: |
| Report of the Directors and |
| Financial Statements for the Year Ended 31 March 2017 |
| for |
| Ditch Productions Limited |
| Ditch Productions Limited (Registered number: 08469918) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2017 |
| Page |
| Company Information | 1 |
| Report of the Directors | 2 |
| Report of the Independent Auditors | 3 |
| Income Statement | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 |
| Ditch Productions Limited |
| Company Information |
| for the Year Ended 31 March 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Chartered Accountants & Statutory Auditors |
| 4a Printing House Yard |
| Hackney Road |
| London |
| E2 7PR |
| Ditch Productions Limited (Registered number: 08469918) |
| Report of the Directors |
| for the Year Ended 31 March 2017 |
| The directors present their report with the financial statements of the company for the year ended 31 March 2017. |
| PRINCIPAL ACTIVITY |
| The principal activity of the company in the year under review was that of theatre production company. |
| DIRECTORS |
| The directors who have held office during the period from 1 April 2016 to the date of this report are as follows: |
| STATEMENT OF DIRECTORS' RESPONSIBILITIES |
| The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with |
| applicable law and regulations. |
| Company law requires the directors to prepare financial statements for each financial year. Under that law the directors |
| have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting |
| Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not |
| approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the |
| company and of the profit or loss of the company for that period. In preparing these financial statements, the directors |
| are required to: |
| - | select suitable accounting policies and then apply them consistently; |
| - | make judgements and accounting estimates that are reasonable and prudent; |
| The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the |
| company's transactions and disclose with reasonable accuracy at any time the financial position of the company and |
| enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for |
| safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud |
| and other irregularities. |
| STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS |
| So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act |
| 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken |
| as a director in order to make himself aware of any relevant audit information and to establish that the company's |
| auditors are aware of that information. |
| AUDITORS |
| The auditors, Armstrong & Co, will be proposed for re-appointment at the forthcoming Annual General Meeting. |
| This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small |
| companies. |
| ON BEHALF OF THE BOARD: |
| Report of the Independent Auditors to the Members of |
| Ditch Productions Limited |
| We have audited the financial statements of Ditch Productions Limited for the year ended 31 March 2017 on pages five |
| to eight. The financial reporting framework that has been applied in their preparation is applicable law and United |
| Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. |
| This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the |
| Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those |
| matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent |
| permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's |
| members as a body, for our audit work, for this report, or for the opinions we have formed. |
| Respective responsibilities of directors and auditors |
| Scope of the audit of the financial statements |
| An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give |
| reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error. |
| This includes an assessment of: whether the accounting policies are appropriate to the company's circumstances and |
| have been consistently applied and adequately disclosed; the reasonableness of significant accounting estimates made by |
| the directors; and the overall presentation of the financial statements. In addition, we read all the financial and |
| non-financial information in the Report of the Directors to identify material inconsistencies with the audited financial |
| statements and to identify any information that is apparently materially incorrect based on, or materially inconsistent |
| with, the knowledge acquired by us in the course of performing the audit. If we become aware of any apparent material |
| misstatements or inconsistencies we consider the implications for our report. |
| Opinion on financial statements |
| In our opinion the financial statements: |
| - | give a true and fair view of the state of the company's affairs as at 31 March 2017 and of its loss for the year then ended; |
| - | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
| - | have been prepared in accordance with the requirements of the Companies Act 2006. |
| Opinion on other matter prescribed by the Companies Act 2006 |
| In our opinion, based on the work undertaken in the course of our audit, the information given in the Report of the |
| Directors for the financial year for which the financial statements are prepared is consistent with the financial statements, |
| and has been prepared in accordance with applicable legal requirements. In the light of the knowledge and |
| understanding of the company and its environment, we have not identified any material misstatements in the Report of |
| the Directors. |
| Report of the Independent Auditors to the Members of |
| Ditch Productions Limited |
| Matters on which we are required to report by exception |
| We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you |
| if, in our opinion: |
| - | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or |
| - | the financial statements are not in agreement with the accounting records and returns; or |
| - | certain disclosures of directors' remuneration specified by law are not made; or |
| - | we have not received all the information and explanations we require for our audit; or |
| - | the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors. |
| for and on behalf of |
| Chartered Accountants & Statutory Auditors |
| 4a Printing House Yard |
| Hackney Road |
| London |
| E2 7PR |
| Ditch Productions Limited (Registered number: 08469918) |
| Income Statement |
| for the Year Ended 31 March 2017 |
| 2017 | 2016 |
| Notes | £ | £ |
| TURNOVER |
| Cost of sales |
| GROSS LOSS | ( |
) |
| Administrative expenses |
| (27,674 | ) | - |
| Other operating income |
| OPERATING LOSS and |
| LOSS BEFORE TAXATION | ( |
) |
| Tax on loss |
| LOSS FOR THE FINANCIAL YEAR | ( |
) |
| Ditch Productions Limited (Registered number: 08469918) |
| Balance Sheet |
| 31 March 2017 |
| 2017 | 2016 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 4 |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| The financial statements were approved by the Board of Directors on by: |
| Ditch Productions Limited (Registered number: 08469918) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2017 |
| 1. | STATUTORY INFORMATION |
| Ditch Productions Limited 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 |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| 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 monthly number of employees during the year was |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Other debtors |
| Ditch Productions Limited (Registered number: 08469918) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2017 |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |