Poppyfield Productions Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07312351 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st July 2017

for

Poppyfield Productions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M J C Haddow-Allen

Ms R Levine

REGISTERED OFFICE:

Cliffe Hill House

22-26 Nottingham Road

Stapleford

Nottingham

Nottinghamshire

NG9 8AA

REGISTERED NUMBER:

07312351 (England and Wales)

ACCOUNTANTS:

LING PHIPP

Cliffe Hill House

22-26 Nottingham Road

Stapleford

Nottingham

NG9 8AA

FIXED ASSETS

Tangible assets

4

885

690

CURRENT ASSETS

Debtors

5

14,593

13,953

Cash at bank

19,059

21,891

33,652

35,844

CREDITORS

Amounts falling due within one year

6

16,348

36,283

NET CURRENT ASSETS/(LIABILITIES)

17,304

(439

)

TOTAL ASSETS LESS CURRENT LIABILITIES

18,189

251

PROVISIONS FOR LIABILITIES

168

138

NET ASSETS

18,021

113

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

18,019

111

SHAREHOLDERS' FUNDS

18,021

113

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 16th February 2018 and were signed on its behalf by:

Mr M J C Haddow-Allen - Director

Ms R Levine - Director

1.	STATUTORY INFORMATION

Poppyfield Productions 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.

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.

The accounts have been prepared on a going concern basis and are subject to the continued support of the directors.

Turnover

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

added tax and other sales taxes.

Where the company has partially performed its contractual obligations, it recognises revenue to the extent that it has

obtained the right to consideration through its performance.

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 etc

-

20% 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 balance sheet date.

Deferred tax

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

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 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st August 2016

2,153

Additions

416

At 31st July 2017

2,569

DEPRECIATION

At 1st August 2016

1,463

Charge for year

221

At 31st July 2017

1,684

NET BOOK VALUE

At 31st July 2017

885

At 31st July 2016

690

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Trade debtors

7,835

5,280

Other debtors

6,758

8,673

14,593

13,953

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Trade creditors

527

3,145

Taxation and social security

13,439

10,367

Other creditors

2,382

22,771

16,348

36,283

7.	FIRST YEAR ADOPTION

This is the first year of adopting FRS102 section 1A and other than presentational differences no material adjustments to

the figures have been required.