Various Artists Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10592143 (England and Wales)

Unaudited Financial Statements

for the Period 31 January 2017 to 31 March 2018

for

Various Artists Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J D Armstrong

S C Bain

P B Clarke

R A A Troni

BBC Studios Corporate Services Limited

REGISTERED OFFICE:

4 D'Arblay Street

London

W1F 8DJ

REGISTERED NUMBER:

10592143 (England and Wales)

ACCOUNTANTS:

We`ll Mind Your Own Business LTD

39 Long Acre

London

WC2E 9LG

FIXED ASSETS

Tangible assets

4

25,789

CURRENT ASSETS

Debtors

5

2,167,324

Cash in hand

1,284,579

3,451,903

CREDITORS

Amounts falling due within one year

6

2,204,325

NET CURRENT ASSETS

1,247,578

TOTAL ASSETS LESS CURRENT LIABILITIES

1,273,367

CAPITAL AND RESERVES

Called up share capital

5

Share premium

1,549,999

Retained earnings

(276,637

)

1,273,367

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2018 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 31 October 2018 and were signed on its behalf by:

P B Clarke - Director

1.	STATUTORY INFORMATION

Various Artists Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover represents the value, net of value added tax, of goods provided to customers and

work carried out in respect of services provided to customers.

Where projects span a longer period, turnover is determined by the stage of completion of

the project. Where losses in respect of long term projects are expected and can be reliably

measured they are provided for within the profit and loss account.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

25% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Taxation

Taxation for the period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 13 .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

Additions

9,506

7,902

11,930

29,338

At 31 March 2018

9,506

7,902

11,930

29,338

DEPRECIATION

Charge for period

990

1,152

1,407

3,549

At 31 March 2018

990

1,152

1,407

3,549

NET BOOK VALUE

At 31 March 2018

8,516

6,750

10,523

25,789

5.

DEBTORS

£

Amounts falling due within one year:

Trade debtors

2,091,048

Prepayments

31,276

2,122,324

Amounts falling due after more than one year:

Other debtors

45,000

Aggregate amounts

2,167,324

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

447,788

Social security and other taxes

30,314

VAT

267,487

Directors' loan accounts

926

Accruals and deferred income

1,457,810

2,204,325