Atherfold Film Services Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07464463 (England and Wales)

ATHERFOLD FILM SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

M.J. Atherfold

Mrs L.E. Atherfold

REGISTERED OFFICE:

21 Lodge Lane

Grays

Essex

RM17 5RY

REGISTERED NUMBER:

07464463 (England and Wales)

ACCOUNTANTS:

Bland Baker

Chartered Accountants

21 Lodge Lane

Grays

Essex

RM17 5RY

FIXED ASSETS

Tangible assets

4

14,777

3,724

CURRENT ASSETS

Debtors

5

1,105

-

Cash at bank

14,539

34,157

15,644

34,157

CREDITORS

Amounts falling due within one year

6

25,853

26,246

NET CURRENT (LIABILITIES)/ASSETS

(10,209

)

7,911

TOTAL ASSETS LESS CURRENT LIABILITIES

4,568

11,635

PROVISIONS FOR LIABILITIES

2,650

-

NET ASSETS

1,918

11,635

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,818

11,535

SHAREHOLDERS' FUNDS

1,918

11,635

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 20 February 2018 and were signed on its behalf by:

M.J. Atherfold - Director

1.	STATUTORY INFORMATION

Atherfold Film Services Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable

profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2017

7,811

Additions

12,615

Disposals

(212

)

At 31 December 2017

20,214

DEPRECIATION

At 1 January 2017

4,087

Charge for year

1,526

Eliminated on disposal

(176

)

At 31 December 2017

5,437

NET BOOK VALUE

At 31 December 2017

14,777

At 31 December 2016

3,724

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

1,105

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

12,650

15,667

Other creditors

13,203

10,579

25,853

26,246

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £45,000 (2016 - £26,000) were paid to the directors .

Controlling party

The company is controlled by the directors who holds all of shares in issue.

Balance with related party

At 31 December 2017 the following loans subsisted with the directors:

2017

2016

£

£

Balance due to the directors/(company) at start of year

7,920

(2,336

)

Amounts introduced during the year

5,150

10,256

Balance due to the directors at end of year

10,755

7,920

The balance represented an unsecured, interest free loan, repayable on demand.