Accounts filed on 31-05-2017

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			Company registration number:			05467576
PERKI PRODUCTIONS LIMITED
REPORT OF THE DIRECTORS' AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 May 2017

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PERKI PRODUCTIONS LIMITED
BALANCE SHEET
AS AT 31 May 2017
					2017				2016
				Notes	£		£		£		£
FIXED ASSETS
Tangible assets				3			5,771				7,537
Investments				4			2,000				2,000
							7,771				9,537
CURRENT ASSETS
Cash at bank and in hand					1,131				943
					1,131				943
CREDITORS
Amounts falling due within one year					(15,626)				(16,475)
NET CURRENT ASSETS							(14,495)				(15,532)
TOTAL ASSETS LESS
CURRENT LIABILITIES							(6,724)				(5,995)
NET ASSETS							(6,724)				(5,995)
CAPITAL AND RESERVES
Called-up equity share capital							2				2
Share Premium Account							5,000				5,000
Profit and loss account							(11,726)				(10,997)
SHAREHOLDERS FUNDS							(6,724)				(5,995)
For the year ending 31 May 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 Act with respect to accounting records and the preparation of the accounts.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Approved by the board of directors on 27 February 2018 and signed on its behalf.
All members have consented to the preparation of these abridged financial statements.
..........................................................................
C Perkins - Director
27 February 2018
The annexed notes form part of these financial statements.

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PERKI PRODUCTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2017

1.

Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax made during the year.

Intangible Assets

Goodwill is the difference between the amount paid on the acquisition of a business and the aggregate fair value of its separable net assets. It is being written off in equal annual instalments over its estimated economic life of 10 years.

Fixed Assets

Tangible fixed assets are stated at cost less depreciation. Depreciation i provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Technical Equipment - 20% per annum reducing balance

Computers - 25% per annum of cost

2.

Employees

The company has no employees but it does have two unpaid directors.

3.	Tangible fixed assets
				Total
	Cost
	At start of period			31,916
	At end of period			31,916
	Depreciation
	At start of period			24,379
	Provided during the period			1,766
	At end of period			26,145
	Net Book Value
	At start of period			7,537
	At end of period			5,771

4.	Fixed asset investments
				Total
	Cost
	At start of period			2,000
	At end of period			2,000
	Carrying amount:
	At start of period			2,000
	At end of period			2,000