Company Registration No. 07003674 (England and Wales)
Halfnote Productions Limited
Unaudited accounts
for the year ended 31 March 2018
Halfnote Productions Limited
Unaudited accounts
Contents
Halfnote Productions Limited
Company Information
for the year ended 31 March 2018
Directors
N R Hagner
L M Cortesao
Company Number
07003674 (England and Wales)
Registered Office
The Gallery
3 New Quay Street
Teignmouth
Devon
TQ14 8DA
Accountants
Yannons Chartered Accountants
The Gallery
New Quay Street
Teignmouth
Devon
TQ14 8DA
Halfnote Productions Limited
Statement of financial position
as at 31 March 2018
Tangible assets
1,537
1,787
Cash at bank and in hand
19,591
32,380
Creditors: amounts falling due within one year
(39,063)
(40,129)
Net current assets
14,546
20,823
Total assets less current liabilities
16,083
22,610
Provisions for liabilities
Called up share capital
3
3
Profit and loss account
15,788
22,268
Shareholders' funds
15,791
22,271
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 20 December 2018.
N R Hagner
Director
Company Registration No. 07003674
Halfnote Productions Limited
Notes to the Accounts
for the year ended 31 March 2018
Halfnote Productions Limited is a private company, limited by shares, registered in England and Wales, registration number 07003674. The registered office is The Gallery, 3 New Quay Street, Teignmouth, Devon, TQ14 8DA. The principal place of business is 29 Livesey Close, Kingston upon Thames, KT1 3GD, United Kingdom.
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.
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:
Computer equipment
25% and 20% on cost
Turnover represents the net sales value of services delivered and expenses recharged during the year excluding any related vat.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Halfnote Productions Limited
Notes to the Accounts
for the year ended 31 March 2018
4
Tangible fixed assets
Computer equipment
Trade debtors
14,400
9,360
Other debtors
19,618
19,212
6
Creditors: amounts falling due within one year
2018
2017
Taxes and social security
29,821
28,957
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
1 "A" shares of £1 each
1
1
1 "B" shares of £1 each
1
1
Halfnote Productions Limited
Notes to the Accounts
for the year ended 31 March 2018
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Amounts advanced
9,905
9,718
9,905
9,718
Amounts advanced
9,307
9,900
9,307
9,900
19,212
19,618
19,212
19,618
9
Average number of employees
During the year the average number of employees was 2 (2017: 2).
