Company Registration No. 07730890 (England and Wales)
OPIUM PRODUCTIONS LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014
OPIUM PRODUCTIONS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2014
31 March 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
8,884
11,845
Current assets
Debtors
34,204
2,040
Cash at bank and in hand
214,998
206,346
249,202
208,386
Creditors: amounts falling due within one year
(39,887)
(51,195)
Net current assets
209,315
157,191
Total assets less current liabilities
218,199
169,036
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
218,197
169,034
Shareholders' funds
218,199
169,036
For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 11 July 2014
Jason Price
Director
Company Registration No. 07730890
OPIUM PRODUCTIONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents income from musical and photographic support services.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
25% Reducing Balance
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2013 & at 31 March 2014
13,312
Depreciation
At 1 April 2013
1,467
Charge for the year
2,961
At 31 March 2014
4,428
Net book value
At 31 March 2014
8,884
At 31 March 2013
11,845
OPIUM PRODUCTIONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2014
- 3 -
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
1 Ordinary - A shares of £1 each
1
1
1 Ordinary - B shares of £1 each
1
1
2
2
The ordinary 'A' and 'B' shares rank pari passau in all respects save the payment of dividend which is at the discretion of the board.
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