Starry Night Productions Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10502822 (England and Wales)

Unaudited Financial Statements

for the Period 29 November 2016 to 31 December 2017

for

Starry Night Productions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Director:

H D Kaye

Registered office:

85 Church Road

Hove

East Sussex

BN3 2BB

Registered number:

10502822 (England and Wales)

Accountants:

Wilson Sandford Limited

Chartered accountants

85 Church Road

Hove

East Sussex

BN3 2BB

Fixed assets

Tangible assets

4

2,289

Current assets

Stocks

8,761

Debtors

5

57,454

Cash at bank and in hand

23,852

90,067

Creditors: amounts falling due within one year

6

137,892

Net current liabilities

(47,825

)

Total assets less current liabilities

(45,536

)

Capital and reserves

Called up share capital

7

100

Retained earnings

(45,636

)

Shareholders' funds

(45,536

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 22 November 2018 and were signed by:

H D Kaye - Director

1.	Statutory information

Starry Night Productions Limited 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 is measured at the fair value of the consideration received or receivable net of VAT and

trade discounts.The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the

goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable

that the economic benefits associated with the transaction will flow to the company and the costs

incurred or to be incurred in respect of the transaction can be measured reliably.This is usually on

dispatch of the goods.

Rendering of services

When the outcome of a transaction involving the rendering of services can be reliably estimated,

revenue from the rendering of services is measured by reference to the stage of completion of the

service transaction at the end of the reporting period. When the outcome of a transaction involving the

rendering of services cannot be reliably estimated, revenue is recognised only to the extent that

expenses recognised are recoverable.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost and 25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment

losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost

includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its

present location and condition. Cost is calculated using the first-in, first-out formula. Provision is

made for damaged, obsolete and slow-moving stock where appropriate.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the

contractual provisions of the instrument. Basic financial instruments are initially recognised at the

transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at

the present value of the future payments discounted at a market rate of interest for a similar debt

instrument.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss

Account, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax

losses and other deferred tax assets are recognised to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is

measured using the tax rates and laws that have been enacted or substantively enacted by the reporting

date that are expected to apply to the reversal of the timing difference.

Leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period

of the lease.

3.	Employees and directors

The average number of employees during the period was 21 .

4.	Tangible fixed assets

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost

Additions

1,750

708

2,458

At 31 December 2017

1,750

708

2,458

Depreciation

Charge for period

111

58

169

At 31 December 2017

111

58

169

Net book value

At 31 December 2017

1,639

650

2,289

5.

Debtors: amounts falling due within one year

£

Other debtors

57,454

6.

Creditors: amounts falling due within one year

£

Trade creditors

28,338

Taxation and social security

74,347

Other creditors

35,207

137,892

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

8.	Related party disclosures

Within creditors is £7,922 owed to a director.