Pendulum Pictures Limited Accounts

PENDULUM PICTURES LIMITED - Company Information






Pendulum Pictures Limited
	Company No. 04203389
		Information for Filing with The Registrar
		05 April 2017

The Director presents his report and the accounts for the year ended 5 April 2017.

Principal activities
The principal activity of the company during the year under review was .




Director

The Director who served at any time during the year was as follows:

N. Stephens



































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

N. Stephens
Director
14 December 2017

at	5 April 2017

Company No.		04203389	Notes	2017	2016
				£	£
Fixed assets

	Tangible assets		2	2,249	2,743


				2,249	2,743
Current assets

	Debtors		3	5,579	72,726

	Cash at bank and in hand			177,788	138,021
				183,367	210,747
Creditors: Amount falling due within one year			4	(84,349)	(119,402)
Net current assets				99,018	91,345
Total assets less current liabilities				101,267	94,088




Net assets				101,267	94,088

Capital and reserves
	Called up share capital			2	2



	Profit and loss account		5	101,265	94,086

Total equity				101,267	94,088


These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 5 April 2017 the company was entitled to exemption 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.

As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 14 December 2017

And signed on its behalf by:

N. Stephens
Director
14 December 2017

for the year ended 5 April 2017

Accounting policies

Basis of preparation

The accounts have been prepared in accordance with FRS 102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Companies Act 2006 . There were no material departures from that standard.

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the accounting policies set out below.

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2	Tangible fixed assets
			Fixtures, fittings and equipment	Total
			£	£
		Cost or revaluation
		At 6 April 2016	13,780	13,780




		At 5 April 2017	13,780	13,780
		Depreciation
		At 6 April 2016	11,037	11,037
		Charge for the year	494	494



		At 5 April 2017	11,531	11,531
		Net book values
		At 5 April 2017	2,249	2,249
		At 5 April 2016	2,743	2,743

3	Debtors
			2017	2016
			£	£
		Trade debtors	5,000	72,726






		Prepayments and accrued income	579	-
			5,579	72,726

4	Creditors:
		amounts falling due within one year
			2017	2016
			£	£

		Bank loans and overdrafts	612	-




		Corporation tax	3,034	5,323
		Other taxes and social security	675	6,348
		Loans from directors	80,028	107,390

		Accruals and deferred income	-	341
			84,349	119,402

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

6	Dividends
			2017	2016
			£	£
		Dividends for the period:
		Dividends paid in the period	5,000	48,500

			5,000	48,500

		Dividends by type:

		Equity dividends	5,000	48,500
			5,000	48,500

Related party disclosures

Controlling party

Immediate controlling party

No single party controls the company.

Additional information

Its registered number is:

04203389

Its registered office is:

123 Cross Lane East

Gravesend

Kent

DA12 5HA