Freemaison Productions Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 08543230 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 5 July 2013 to 31 May 2014

for

Freemaison Productions Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

T P Jeffery

R Small

J D Wiltshire

REGISTERED OFFICE:

67 Church Road

Hove

East Sussex

BN3 2BD

REGISTERED NUMBER:

08543230 (England and Wales)

ACCOUNTANTS:

Shearers

Accountants & Chartered Tax Advisers

67 Church Road

Hove

East Sussex

BN3 2BD

FIXED ASSETS

Intangible assets

2

27,000

CURRENT ASSETS

Cash at bank

11,402

CREDITORS

Amounts falling due within one year

36,947

NET CURRENT LIABILITIES

(25,545

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,455

CAPITAL AND RESERVES

Called up share capital

3

3

Profit and loss account

1,452

SHAREHOLDERS' FUNDS

1,455

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 16 December 2014 and were signed on its behalf by:

T P Jeffery - Director

R Small - Director

J D Wiltshire - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Deferred tax

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

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

30,000

At 31 May 2014

30,000

AMORTISATION

Amortisation for period

3,000

At 31 May 2014

3,000

NET BOOK VALUE

At 31 May 2014

27,000

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

3

Ordinary

1

3

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 May 2014:

£

J D Wiltshire

Balance outstanding at start of period

-

Amounts repaid

(12,020

)

Balance outstanding at end of period

(12,020

)

R Small

Balance outstanding at start of period

-

Amounts repaid

(12,020

)

Balance outstanding at end of period

(12,020

)

T P Jeffery

Balance outstanding at start of period

-

Amounts repaid

(12,020

)

Balance outstanding at end of period

(12,020

)