Company Registration No. 07003674 (England and Wales)
Halfnote Productions Limited
Unaudited accounts
for the year ended 31 March 2017
Halfnote Productions Limited
Unaudited accounts
Contents
Halfnote Productions Limited
Company Information
for the year ended 31 March 2017
Directors
N R Hagner
L M Cortesao
Company Number
07003674 (England and Wales)
Registered Office
The Gallery
3 New Quay Street
Teignmouth
Devon
TQ14 8DA
Accountants
Yannons Chartered Accountants
The Gallery
New Quay Street
Teignmouth
Devon
TQ14 8DA
Halfnote Productions Limited
Statement of financial position
as at 31 March 2017
Tangible assets
1,787
3,449
Cash at bank and in hand
32,380
36,223
Creditors: amounts falling due within one year
(40,129)
(37,780)
Net current assets
20,823
15,003
Total assets less current liabilities
22,610
18,452
Provisions for liabilities
Called up share capital
3
3
Profit and loss account
22,268
17,759
Shareholders' funds
22,271
17,762
For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 19 December 2017.
N R Hagner
Director
Company Registration No. 07003674
Halfnote Productions Limited
Notes to the Accounts
for the year ended 31 March 2017
Halfnote Productions Limited is a private company, limited by shares, registered in England and Wales, registration number 07003674. The registered office is The Gallery, 3 New Quay Street, Teignmouth, Devon, TQ14 8DA. The principal place of business is 29 Livesey Close, Kingston upon Thames, KT1 3GD, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% and 20% on cost
Turnover represents the net sales value of services delivered and expenses recharged during the year excluding any related vat.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Halfnote Productions Limited
Notes to the Accounts
for the year ended 31 March 2017
4
Tangible fixed assets
Computer equipment
Trade debtors
9,360
16,560
6
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
28,957
30,588
Loans from directors
-
3,947
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
1 "A" shares of £1 each
1
1
1 "B" shares of £1 each
1
1
8
Transactions with related parties
At the balance sheet date N R Hagner (director) owed the company £9,905 (2016: £0) and L M Cortesoa (director )owed the company £9,307 (2016: -£3946).
Halfnote Productions Limited
Notes to the Accounts
for the year ended 31 March 2017
9
Average number of employees
During the year the average number of employees was 2 (2016: 2).
10
Reconciliations on adoption of FRS 102
No adjustments were required as a result of the transition to FRS 102.
