ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

GONDORFF ENTERTAINMENT LTD. - Company Information

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Caseware UK (AP4) 2016.0.181 2016.0.181 2017-03-312017-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueNo description of principal activityfalse2016-04-01 04391651 2016-04-01 2017-03-31 04391651 2015-04-01 2016-03-31 04391651 2017-03-31 04391651 2016-03-31 04391651 c:Director1 2016-04-01 2017-03-31 04391651 d:PlantMachinery 2016-04-01 2017-03-31 04391651 d:PlantMachinery 2017-03-31 04391651 d:PlantMachinery 2016-03-31 04391651 d:PlantMachinery d:OwnedOrFreeholdAssets 2016-04-01 2017-03-31 04391651 d:CurrentFinancialInstruments 2017-03-31 04391651 d:CurrentFinancialInstruments 2016-03-31 04391651 d:Non-currentFinancialInstruments 2017-03-31 04391651 d:Non-currentFinancialInstruments 2016-03-31 04391651 d:CurrentFinancialInstruments d:WithinOneYear 2017-03-31 04391651 d:CurrentFinancialInstruments d:WithinOneYear 2016-03-31 04391651 d:ShareCapital 2017-03-31 04391651 d:ShareCapital 2016-03-31 04391651 d:RetainedEarningsAccumulatedLosses 2017-03-31 04391651 d:RetainedEarningsAccumulatedLosses 2016-03-31 04391651 c:FRS102 2016-04-01 2017-03-31 04391651 c:AuditExempt-NoAccountantsReport 2016-04-01 2017-03-31 04391651 c:FullAccounts 2016-04-01 2017-03-31 04391651 c:PrivateLimitedCompanyLtd 2016-04-01 2017-03-31 iso4217:GBP xbrli:pure

Registered number: 04391651









BRADLEY MOORE ASSOCIATES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017
 
BRADLEY MOORE ASSOCIATES LIMITED
REGISTERED NUMBER: 04391651

BALANCE SHEET
AS AT 31 MARCH 2017

2017
2016
Note
£
£

Fixed assets
  

Tangible assets
 4 
46
57

  
46
57

Current assets
  

Debtors: amounts falling due after more than one year
 5 
3,593
1,615

Debtors: amounts falling due within one year
 5 
14,373
15,568

Cash at bank and in hand
 6 
-
3,012

  
17,966
20,195

Creditors: amounts falling due within one year
 7 
(18,899)
(19,974)

Net current (liabilities)/assets
  
 
 
(933)
 
 
221

Total assets less current liabilities
  
(887)
278

  

Net (liabilities)/assets
  
(887)
278


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(889)
276

  
(887)
278



The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.


 
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BRADLEY MOORE ASSOCIATES LIMITED
REGISTERED NUMBER: 04391651
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2017

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 December 2017.



B Moore
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2
 
BRADLEY MOORE ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017

1.


General information

Bradley Moore Associates Limited is a private company limited by shares and registered in England & Wales. The address of its registered office is 18 London Road, Buntingford, Hertfordshire, SG9 9JN.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the balance sheet date the company had net liabilities of £887 and is dependent on the support of its creditors.  After reviewing budgets and forecasts the director believes that the company has adequate resources to meet financial obligations as they fall due and therefore the accoutns have been prepared on the going concern basis.

 
2.3

Revenue

Revenue is comprised of actors fees and is recognised in the Statement of Income and Retained Earnings in the period in which the filming takes place.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

Plant and machinery
-
20% per annum on the reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the statement of income and retained earnings.

 
2.5

Debtors

Short term debtors are measured at transaction price, less any impairment.

Page 3
 
BRADLEY MOORE ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017

2.Accounting policies (continued)

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.7

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to related parties.

 
2.8

Creditors

Short term creditors are measured at the transaction price.

 
2.9

Interest income

Interest income is recognised in the statement of income and retained earnings using the effective interest method.

 
2.10

Borrowing costs

All borrowing costs are recognised in the statement of income and retained earnings in the year in which they are incurred.

 
2.11

Taxation

Tax is recognised in the statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2016 - 1).
During the year, no directors received any remuneration (2016 - nil).

Page 4
 
BRADLEY MOORE ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017

4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 April 2016
1,170



At 31 March 2017

1,170



Depreciation


At 1 April 2016
1,113


Charge for the year on owned assets
11



At 31 March 2017

1,124



Net book value



At 31 March 2017
46



At 31 March 2016
57

Page 5
 
BRADLEY MOORE ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017

5.


Debtors

2017
2016
£
£

Due after more than one year

Other debtors
3,593
1,615

3,593
1,615


2017
2016
£
£

Due within one year

Other debtors
14,373
15,568

14,373
15,568



6.


Cash and cash equivalents

2017
2016
£
£

Cash at bank and in hand
-
3,012

Less: bank overdraft
(18)
-

(18)
3,012



7.


Creditors: Amounts falling due within one year

2017
2016
£
£

Bank overdraft
18
-

Corporation tax
17,321
18,774

Accruals and deferred income
1,560
1,200

18,899
19,974



8.


Related party transactions

At the balance sheet date, debtors include £14,373 (2016 £15,568) owed by the director, B Moore. The loan is repayable on demand and interest is accruing at 3% per annum.

Page 6
 
BRADLEY MOORE ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017

9.


Controlling party

The company is controlled by the director, B H Moore.


10.


First time adoption of FRS 102

The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.

 
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