Company Registration No. 05727812 (England and Wales)
Aspect Film and Video Limited
Unaudited accounts
for the year ended 31 March 2018
Aspect Film and Video Limited
Unaudited accounts
Contents
Aspect Film and Video Limited
Company Information
for the year ended 31 March 2018
Directors
Mr Adam Etheridge
Mr David Watson
Mrs Timson Evelyn
Company Number
05727812 (England and Wales)
Registered Office
The Old Chapel 16 Oakfield Road
Clifton
Bristol
BS8 2AP
Accountants
Port Marine Accountancy Ltd
44 Merton Green
Caerwent
Caldicot
NP26 5AT
Aspect Film and Video Limited
Statement of financial position
as at 31 March 2018
Tangible assets
362,220
366,186
Cash at bank and in hand
441,156
383,992
Creditors: amounts falling due within one year
(289,726)
(266,980)
Net current assets
546,711
557,796
Total assets less current liabilities
908,931
923,982
Creditors: amounts falling due after more than one year
(40,394)
(55,466)
Provisions for liabilities
Deferred tax
(46,248)
(47,983)
Other provisions
(6,020)
(51,200)
Net assets
816,269
769,333
Called up share capital
100
100
Profit and loss account
816,169
769,233
Shareholders' funds
816,269
769,333
For the year ending 31 March 2018 the company was entitled to exemption from audit 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 accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 26 July 2018.
Mrs Timson Evelyn
Director
Company Registration No. 05727812
Aspect Film and Video Limited
Notes to the Accounts
for the year ended 31 March 2018
Aspect Film and Video Limited is a private company, limited by shares, registered in England and Wales, registration number 05727812. The registered office is The Old Chapel 16 Oakfield Road, Clifton, Bristol, BS8 2AP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10-25% Straight line
Motor vehicles
Accelerated
Fixtures & fittings
25% Reduced balance and 11-10% Straight line on Leasehold Improvements
Computer equipment
25% Reduced balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Goodwill has been written off in equal annual instalments over its estimated economic life of 5 years.
Aspect Film and Video Limited
Notes to the Accounts
for the year ended 31 March 2018
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2017
464,814
7,917
120,863
163,488
757,082
Additions
38,459
-
21,672
10,563
70,694
Disposals
(43,078)
-
-
(66,674)
(109,752)
At 31 March 2018
460,195
7,917
142,535
107,377
718,024
At 1 April 2017
251,385
6,237
31,523
101,751
390,896
Charge for the year
31,171
1,680
13,396
18,076
64,323
On disposals
(32,741)
-
-
(66,674)
(99,415)
At 31 March 2018
249,815
7,917
44,919
53,153
355,804
At 31 March 2018
210,380
-
97,616
54,224
362,220
At 31 March 2017
213,429
1,680
89,340
61,737
366,186
Work in progress
11,775
11,619
Trade debtors
270,451
359,820
Accrued income and prepayments
107,643
67,181
8
Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
14,519
17,155
Trade creditors
119,025
118,855
Taxes and social security
94,331
70,394
Aspect Film and Video Limited
Notes to the Accounts
for the year ended 31 March 2018
9
Creditors: amounts falling due after more than one year
2018
2017
10
Deferred taxation
2018
2017
Accelerated capital allowances
46,248
47,983
Provision at start of year
47,983
59,171
Credited to the profit and loss account
(1,735)
(11,188)
Provision at end of year
46,248
47,983
11
Provisions for liabilities
£
Additional provisions made during the period
6,020
Provisions consist of Bad Debt Provision
Allotted, called up and fully paid:
73 Class A Ordinary shares of £1 each
73
73
15 Class B Ordinary shares of £1 each
15
15
5 Class C Ordinary shares of £1 each
5
5
7 Class D Ordinary shares of £1 each
7
7
13
Average number of employees
During the year the average number of employees was 28 (2017: 28).
