Company Registration No. 4465014 (England and Wales)
GREENSAND STUDIOS LIMITED
Unaudited accounts
for the year ended 31 March 2018
GREENSAND STUDIOS LIMITED
Unaudited accounts
Contents
GREENSAND STUDIOS LIMITED
Company Information
for the year ended 31 March 2018
Directors
Mark William Walton
Michele Ann Walton
Secretary
Michele Ann Walton
Company Number
4465014 (England and Wales)
Registered Office
Greenthumb Blacklands Farm
Wheatsheaf Road
Henfield
West Sussex
BN5 9AT
Accountants
Angela MacCarthy Limited
Trading as On The Spot
7 Chalfont Drive
Hove
East Sussex
BN3 6QR
GREENSAND STUDIOS LIMITED
Statement of financial position
as at 31 March 2018
Tangible assets
11,144
12,141
Cash at bank and in hand
18,801
50,398
Creditors: amounts falling due within one year
(64,577)
(102,667)
Net current assets/(liabilities)
7,411
(6,301)
Called up share capital
2
2
Profit and loss account
18,553
5,838
Shareholders' funds
18,555
5,840
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 4 October 2018.
Michele Ann Walton
Director
Company Registration No. 4465014
GREENSAND STUDIOS LIMITED
Notes to the Accounts
for the year ended 31 March 2018
GREENSAND STUDIOS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 4465014. The registered office is Greenthumb Blacklands Farm, Wheatsheaf Road, Henfield, West Sussex, BN5 9AT.
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.
Revenue, described as turnover, is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services.
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
25% per annum reducing balance
Motor vehicles
25% per annum reducing balance
Computer equipment
25% per annum reducing balance
Operating Lease Commitments
At the balance sheet date, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £13,668 (2017: £13,668).
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2017
43,984
10,740
18,002
72,726
Additions
2,180
-
538
2,718
At 31 March 2018
46,164
10,740
18,540
75,444
At 1 April 2017
35,395
10,287
14,903
60,585
Charge for the year
2,693
113
909
3,715
At 31 March 2018
38,088
10,400
15,812
64,300
At 31 March 2018
8,076
340
2,728
11,144
At 31 March 2017
8,589
453
3,099
12,141
Raw materials
9,320
15,951
GREENSAND STUDIOS LIMITED
Notes to the Accounts
for the year ended 31 March 2018
Trade debtors
17,247
14,717
Other debtors
26,620
15,300
7
Creditors: amounts falling due within one year
2018
2017
Trade creditors
17,462
18,524
Taxes and social security
27,997
33,255
Other creditors
12,095
42,718
Loans from directors
-
388
8
Transactions with related parties
The transactions with the directors and shareholders have not been conducted under normal market
conditions:. The £388 owed to the directors was repaid during the year and debit balances of £7,450 and £5,620 exist at the year end but wil be repaid shortly. No interest is being charged to the directors.
9
Average number of employees
During the year the average number of employees was 12 (2017: 12).
