Illuminations (Television) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01613547 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2018

for

Illuminations (Television) Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

12,473

9,067

12,473

9,067

CURRENT ASSETS

Stocks

6

32,822

39,911

Debtors

7

232,775

116,627

Cash at bank and in hand

261,696

206,571

527,293

363,109

CREDITORS

Amounts falling due within one year

8

(371,186

)

(241,641

)

NET CURRENT ASSETS

156,107

121,468

TOTAL ASSETS LESS CURRENT LIABILITIES

168,580

130,535

PROVISIONS FOR LIABILITIES

9

(1,914

)

(1,108

)

NET ASSETS

166,666

129,427

CAPITAL AND RESERVES

Called up share capital

10

200

200

Retained earnings

11

166,466

129,227

SHAREHOLDERS' FUNDS

166,666

129,427

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

The members have not required the company to obtain an audit of its financial statements for the year 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors on 21 December 2018 and were signed on its behalf by:

Ms L R Zuck - Director

J F Wyver - Director

1.	STATUTORY INFORMATION

Illuminations (Television) Limited is a private company, limited by shares, registered in England and

wales,registration number 01613547. The registered office is Trojan House, 34 Arcadia Avenue,

London N3 2JU

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 net invoiced sales of goods and services, excluding value added tax.

Intangible assets

Intangible fixed asset being exclusive rights to production of a new DVD is being amortised evenly over

3 years.

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

-

25% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Stocks

Stock have been valued at the lower of cost and estimated selling price less costs to sell.

Financial instruments

The company has entered into basic financial instruments and transactions that result in the

recognition of financial assets and liabilities like other debtors, creditors and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each

reporting period for objective evidence of impairment. If objective evidence of impairment is fund, an

impairment loss is recognised in the profit and loss.

Taxation

Taxation for the year 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 that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at

the operating result.

Operating leasing commitments

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

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

Consolidation

In the opinion of the directors, the company and its subsidiary undertakings comprise a small group.

The company has therefore taken advantage of the exemption provided by section 398 of the

Companies Act 2006 not to prepare group accounts.

Grants

Income from grants is included in the balance sheet as deferred income and released to the profit and

loss account over the period which the associated expenditure is incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2017 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2017

and 31 March 2018

15,000

AMORTISATION

At 1 April 2017

and 31 March 2018

15,000

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2017

308,161

9,728

58,563

376,452

Additions

9,400

954

-

10,354

Disposals

-

-

(4,007

)

(4,007

)

At 31 March 2018

317,561

10,682

54,556

382,799

DEPRECIATION

At 1 April 2017

304,598

9,728

53,059

367,385

Charge for year

4,120

238

2,401

6,759

Eliminated on disposal

-

-

(3,818

)

(3,818

)

At 31 March 2018

308,718

9,966

51,642

370,326

NET BOOK VALUE

At 31 March 2018

8,843

716

2,914

12,473

At 31 March 2017

3,563

-

5,504

9,067

6.

STOCKS

31.3.18

31.3.17

£

£

Stocks

32,822

39,911

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

90,425

38,910

Other debtors

142,350

77,717

232,775

116,627

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade creditors

40,752

29,442

Taxation and social security

14,442

62,300

Other creditors

315,992

149,899

371,186

241,641

9.	PROVISIONS FOR LIABILITIES

31.3.18

31.3.17

£

£

Deferred tax

1,914

1,108

Deferred

tax

£

Balance at 1 April 2017

1,108

Decrease

Increase

806

Balance at 31 March 2018

1,914

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.18

31.3.17

value:

£

£

200

Ordinary

£1

200

200

11.

RESERVES

Retained

earnings

£

At 1 April 2017

129,227

Profit for the year

47,239

Dividends

(10,000

)

At 31 March 2018

166,466

12.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed to Ms L R Zuck (Director) £10,428 (2017: £10,428).

.

At the balance sheet date the company owed to J Wyver (Director) £10,380 (2017: £10,380).

13.	ULTIMATE CONTROL

The company is controlled by J Wyver and Ms L R Zuck by virtue of their shareholdings.