March Productions Limited - Accounts to registrar (filleted) - small 18.2
March Productions Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST MARCH 2018 |
| FOR |
| MARCH PRODUCTIONS LIMITED |
| MARCH PRODUCTIONS LIMITED (REGISTERED NUMBER: 02395544) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST MARCH 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| MARCH PRODUCTIONS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31ST MARCH 2018 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 108 High Street |
| Stevenage |
| Hertfordshire |
| SG1 3DW |
| MARCH PRODUCTIONS LIMITED (REGISTERED NUMBER: 02395544) |
| BALANCE SHEET |
| 31ST MARCH 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| 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 director on |
| MARCH PRODUCTIONS LIMITED (REGISTERED NUMBER: 02395544) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST MARCH 2018 |
| 1. | STATUTORY INFORMATION |
| March Productions Limited is a |
| 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 |
| The director has assessed various factors and risks affecting the company and its ability in these difficult |
| economic times to continue to trade as a going concern.He has not identified any material uncertainties or risks |
| related to events or conditions that could cast significant doubt about the company's ability to continue as a going |
| concern and therefore the financial statements for the year ended 31st March 2018 have been prepared using the |
| going concern basis of accounting. |
| Significant judgements and estimates |
| In the application of the company's accounting policies, management is required to make judgements, estimates |
| and assumptions about the carrying values of assets and liabilities that are not readily apparent from other |
| sources. The estimates and underlying assumptions are based on historical experience and other factors that are |
| considered to be relevant. Actual results may differ from those estimates. |
| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates |
| are recognised in the period in which the estimate is revised if the revision affects only that period, or in the |
| period of the revision and future periods if the revision affects both current and future periods. |
| 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 |
| Office equipment | - |
| Financial instruments |
| The director considers all financial instruments to be basic financial instruments in accordance with paragraph 11 |
| of FRS102. All basic financial instruments including trade and other debtors, cash and cash equivalents, and |
| trade and other creditors, are initially recognised at transaction price and thereafter stated at amortised cost. |
| Trade and other receivables and payables |
| Trade and other receivables and payables are measured at amortised cost which approximates to fair value given |
| the short term nature of these assets and liabilities. |
| Trade receivables are valued at original invoice amount less an allowance for potentially un-collectable debts. |
| Provision is made where this is objective evidence to suggest that the company will not be in a position to collect |
| receivables as they fall due. Bad and Doubtful debts are written off in the profit and loss account on |
| identification. |
| Cash and cash equivalents |
| Cash and cash equivalents comprise cash balances held for the purposes of meeting short-term cash |
| commitments. |
| MARCH PRODUCTIONS LIMITED (REGISTERED NUMBER: 02395544) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST MARCH 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| Taxation |
| Taxation for the year comprises current . 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Office |
| equipment |
| £ |
| COST |
| At 1st April 2017 |
| and 31st March 2018 |
| DEPRECIATION |
| At 1st April 2017 |
| Charge for year |
| At 31st March 2018 |
| NET BOOK VALUE |
| At 31st March 2018 |
| At 31st March 2017 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade debtors |
| Amounts recoverable on contract |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade creditors |
| Tax |
| VAT | 1,306 | 2,527 |
| Directors' current accounts | 103 | 4,047 |
| Accrued expenses |