Accounts filed on 30-04-2014
Accounts filed on 30-04-2014
trueSHARPE FILM LIMITED022594082014-04-30-828-4379172-337910001000172-337917369173691754113990172-33791908034957192523157812011902437219132708717369173691736917369Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
The turnover shown in the profit and loss represents all film production income during
the year, exclusive of value added tax.
Stocks
Stock of film properties is valued on the basis of direct costs. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of stock.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax.
Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
EquipmentReducing balance0.250038953895389538951736917369212642126438953895Ordinary1000110001000Ordinary11000100010002015-01-30S.J. Sutherlandtruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureSHARPE FILM LIMITED2013-05-012014-04-30SHARPE FILM LIMITED2012-05-012013-04-30SHARPE FILM LIMITED2012-04-30SHARPE FILM LIMITED2013-04-30SHARPE FILM LIMITED2013-04-30SHARPE FILM LIMITED2014-04-30 2015-01-30
