GRENADE_FILM_SERVICES_LIM - Accounts

GRENADE FILM SERVICES LIMITED - Company Information

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Company Registration No. 07991775 (England and Wales)

GRENADE FILM SERVICES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2014

GRENADE FILM SERVICES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

GRENADE FILM SERVICES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

41,402

22,117

Current assets

Debtors

4,966

14,085

Cash at bank and in hand

56,798

43,547

61,764

57,632

Creditors: amounts falling due within one year

(19,426)

(21,284)

Net current assets

42,338

36,348

Total assets less current liabilities

83,740

58,465

Provisions for liabilities

(8,148)

(4,394)

75,592

54,071

Capital and reserves

Called up share capital

Profit and loss account

75,591

54,070

Shareholders' funds

75,592

54,071

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.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his 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 8 December 2014

A W Spanna

Director

Company Registration No. 07991775

GRENADE FILM SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

- 2 -

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

Turnover

Turnover represents amounts receivable for services net of VAT.

1.3

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% Straight line

Fixed assets

Tangible assets

Cost

At 1 April 2013

29,489

Additions

35,543

At 31 March 2014

65,032

Depreciation

At 1 April 2013

7,372

Charge for the year

16,258

At 31 March 2014

23,630

Net book value

At 31 March 2014

41,402

At 31 March 2013

22,117

Share capital

2014

2013

Allotted, called up and fully paid

1 Ordinary shares of £1 each

GRENADE FILM SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

- 3 -

Related party relationships and transactions

Loans to directors

The following directors had interest free loans during the year. The movement on these loans are as follows:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

A W Spanna - current account

1,065

130

1,065

130

1,065

130

1,065

130