false
false
false
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false
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false
false
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true
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No description of principal activity
2017-10-01
Sage Accounts Production Advanced 2018 Update 1 - FRS
xbrli:pure
xbrli:shares
iso4217:GBP
01818476
2017-10-01
2018-09-30
01818476
2018-09-30
01818476
2017-09-30
01818476
2016-04-01
2017-09-30
01818476
2017-09-30
01818476
core:FurnitureFittings
2017-10-01
2018-09-30
01818476
bus:RegisteredOffice
2017-10-01
2018-09-30
01818476
bus:LeadAgentIfApplicable
2017-10-01
2018-09-30
01818476
bus:Director1
2017-10-01
2018-09-30
01818476
core:FurnitureFittings
2017-09-30
01818476
core:FurnitureFittings
2018-09-30
01818476
core:WithinOneYear
2018-09-30
01818476
core:WithinOneYear
2017-09-30
01818476
core:AfterOneYear
2018-09-30
01818476
core:AfterOneYear
2017-09-30
01818476
core:ShareCapital
2018-09-30
01818476
core:ShareCapital
2017-09-30
01818476
core:RetainedEarningsAccumulatedLosses
2018-09-30
01818476
core:RestatedAmount
core:RetainedEarningsAccumulatedLosses
2017-09-30
01818476
core:RestatedAmount
2017-09-30
01818476
core:UKTax
2016-04-01
2017-09-30
01818476
core:FurnitureFittings
2017-09-30
01818476
bus:SmallEntities
2017-10-01
2018-09-30
01818476
bus:AuditExemptWithAccountantsReport
2017-10-01
2018-09-30
01818476
bus:FullAccounts
2017-10-01
2018-09-30
01818476
bus:SmallCompaniesRegimeForAccounts
2017-10-01
2018-09-30
01818476
bus:PrivateLimitedCompanyLtd
2017-10-01
2018-09-30
01818476
core:ComputerEquipment
2017-10-01
2018-09-30
01818476
core:ComputerEquipment
2017-09-30
01818476
core:ComputerEquipment
2018-09-30
01818476
core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl
2017-10-01
2018-09-30
01818476
core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl
2016-04-01
2017-09-30
01818476
core:KeyManagementPersonnel
2016-04-01
2017-09-30
01818476
core:KeyManagementPersonnel
2017-10-01
2018-09-30
01818476
core:CloseFamilyMembersKeyManagementPersonnel
2017-10-01
2018-09-30
01818476
core:CloseFamilyMembersKeyManagementPersonnel
2016-04-01
2017-09-30
COMPANY REGISTRATION NUMBER:
01818476
EYEPLUGIN PRODUCTIONS LIMITED
|
|
UNAUDITED FINANCIAL STATEMENTS
|
|
EYEPLUGIN PRODUCTIONS LIMITED
|
|
YEAR ENDED 30 SEPTEMBER 2018
Officers and professional advisers
|
1
|
|
|
Chartered accountant's report to the director on the preparation of the unaudited statutory financial statements
|
2
|
|
|
Statement of financial position
|
3 to 4
|
|
|
Notes to the financial statements
|
5 to 9
|
|
|
EYEPLUGIN PRODUCTIONS LIMITED
|
|
OFFICERS AND PROFESSIONAL ADVISERS
|
|
Registered office
|
Hanover Buildings
|
|
11-13 Hanover Street
|
|
Liverpool
|
|
L1 3DN
|
|
|
Accountants
|
ERC Accountants & Business Advisers Limited
|
|
Chartered accountants
|
|
Hanover Buildings
|
|
11-13 Hanover Street
|
|
Liverpool
|
|
L1 3DN
|
|
|
Bankers
|
Barclays Bank
|
|
153 Chiswick High Road
|
|
Chiswick
|
|
W4 2EA
|
|
|
EYEPLUGIN PRODUCTIONS LIMITED
|
|
CHARTERED ACCOUNTANT'S REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF
EYEPLUGIN PRODUCTIONS LIMITED
|
|
YEAR ENDED 30 SEPTEMBER 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Eyeplugin Productions Limited for the year ended 30 September 2018, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Eyeplugin Productions Limited in accordance with the terms of our engagement letter dated 9 August 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Eyeplugin Productions Limited and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Eyeplugin Productions Limited and its director for our work or for this report.
It is your duty to ensure that Eyeplugin Productions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Eyeplugin Productions Limited. You consider that Eyeplugin Productions Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Eyeplugin Productions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
ERC Accountants & Business Advisers Limited
Chartered accountants
Hanover Buildings
11-13 Hanover Street
Liverpool
L1 3DN
5 June 2019
EYEPLUGIN PRODUCTIONS LIMITED
|
|
STATEMENT OF FINANCIAL POSITION
|
|
30 September 2018
FIXED ASSETS
Tangible assets
|
6
|
|
14,390
|
14,598
|
|
|
|
|
|
CURRENT ASSETS
Stocks
|
20,000
|
|
20,000
|
Debtors
|
7
|
16,145
|
|
68,962
|
Cash at bank and in hand
|
9,457
|
|
15,178
|
|
--------
|
|
---------
|
|
45,602
|
|
104,140
|
|
|
|
|
|
CREDITORS: Amounts falling due within one year
|
8
|
228,767
|
|
228,001
|
|
---------
|
|
---------
|
NET CURRENT LIABILITIES
|
|
183,165
|
123,861
|
|
|
---------
|
---------
|
TOTAL ASSETS LESS CURRENT LIABILITIES
|
|
(
168,775)
|
(
109,263)
|
|
|
|
|
|
CREDITORS: Amounts falling due after more than one year
|
9
|
|
264,749
|
264,749
|
|
|
|
|
|
PROVISIONS
Taxation including deferred tax
|
|
(
915)
|
(
1,193)
|
|
|
---------
|
---------
|
NET LIABILITIES
|
|
(
432,609)
|
(
372,819)
|
|
|
---------
|
---------
|
|
|
|
|
CAPITAL AND RESERVES
Called up share capital
|
|
100
|
100
|
Profit and loss account
|
|
(
432,709)
|
(
372,919)
|
|
|
---------
|
---------
|
SHAREHOLDERS DEFICIT
|
|
(
432,609)
|
(
372,819)
|
|
|
---------
|
---------
|
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
EYEPLUGIN PRODUCTIONS LIMITED
|
|
STATEMENT OF FINANCIAL POSITION (continued)
|
|
30 September 2018
These financial statements were approved by the
board of directors
and authorised for issue on
25 May 2019
, and are signed on behalf of the board by:
Company registration number:
01818476
EYEPLUGIN PRODUCTIONS LIMITED
|
|
NOTES TO THE FINANCIAL STATEMENTS
|
|
YEAR ENDED 30 SEPTEMBER 2018
1.
GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, L1 3DN.
2.
STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is derived from film production, which is accounted for on a periodic basis, based on funding received and the stages of production complete. Income is shown exclusive of Value Added Tax.
Corporation tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Deferred tax is recognised in respect of all material 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, with the following exceptions: Deferred tax is measured on a 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.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Fixtures, Fittings & Equipment
|
-
|
15% reducing balance
|
|
Computer Equipment
|
-
|
33% straight line
|
|
|
|
|
Stocks
Stocks are measured 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 the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4.
EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to Nil
(2017: Nil).
5.
TAX ON LOSS
Major components of tax expense
|
|
Period from
|
|
Year to
|
1 Apr 16 to
|
|
30 Sep 18
|
30 Sep 17
|
|
£
|
£
|
|
|
|
Current tax:
Adjustments in respect of prior periods
|
–
|
267,906
|
Corporation tax penalty
|
–
|
79,584
|
|
----
|
---------
|
Total current tax
|
–
|
347,490
|
|
----
|
---------
|
|
|
|
Deferred tax:
Origination and reversal of timing differences
|
278
|
2,048
|
|
----
|
---------
|
Tax on loss
|
278
|
349,538
|
|
----
|
---------
|
|
|
|
In the prior year the company was made aware that additional Corporation Tax relating to the accounting year ended 31 March 2009 was due. This amounted to £267,906 and £79,584 in penalties. This was paid in the prior year and was hence recorded as an adjustment in respect of prior periods.
6.
TANGIBLE ASSETS
|
Fixtures and fittings
|
Equipment
|
Total
|
|
£
|
£
|
£
|
|
|
|
|
Cost
|
|
|
|
At 1 October 2017
|
103,399
|
27,640
|
131,039
|
Additions
|
–
|
4,566
|
4,566
|
Disposals
|
–
|
(
4,862)
|
(
4,862)
|
|
---------
|
--------
|
---------
|
At 30 September 2018
|
103,399
|
27,344
|
130,743
|
|
---------
|
--------
|
---------
|
Depreciation
|
|
|
|
At 1 October 2017
|
91,837
|
24,604
|
116,441
|
Charge for the year
|
1,734
|
3,040
|
4,774
|
Disposals
|
–
|
(
4,862)
|
(
4,862)
|
|
---------
|
--------
|
---------
|
At 30 September 2018
|
93,571
|
22,782
|
116,353
|
|
---------
|
--------
|
---------
|
Carrying amount
|
|
|
|
At 30 September 2018
|
9,828
|
4,562
|
14,390
|
|
---------
|
--------
|
---------
|
At 30 September 2017
|
11,562
|
3,036
|
14,598
|
|
---------
|
--------
|
---------
|
|
|
|
|
7.
DEBTORS
Trade debtors
|
–
|
1,535
|
Other debtors
|
16,145
|
67,427
|
|
--------
|
--------
|
|
16,145
|
68,962
|
|
--------
|
--------
|
|
|
|
8.
CREDITORS:
Amounts falling due within one year
Trade creditors
|
737
|
677
|
Social security and other taxes
|
1,615
|
1,045
|
Other creditors
|
226,415
|
226,279
|
|
---------
|
---------
|
|
228,767
|
228,001
|
|
---------
|
---------
|
|
|
|
9.
CREDITORS:
Amounts falling due after more than one year
Other creditors
|
264,749
|
264,749
|
|
---------
|
---------
|
|
|
|
Included within creditors: amounts falling due after more than one year is an amount of £264,749 (2017: £264,749) in respect of liabilities payable or repayable otherwise than by instalments which fall due for payment after more than five years from the reporting date.
10.
GOING CONCERN
The company is able to meet its day to day working capital requirements through the support of the directors and the company's creditors. Therefore the directors consider it appropriate to prepare financial statements on the going concern basis.
11.
DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES
The director received no advances and credits during the year.
12.
RELATED PARTY TRANSACTIONS
The following related party transactions were undertaken during the year:
The director and shareholder withdrew £2,534
and introduced £3,500 ( 2017: withdrew £52,662
and introduced £343,900
). At the balance sheet date the amount payable was £223,590
(2017: payable £222,624). A company under common control received £1,147
, repaid £3,000 and had wrote off bad totalling £47,740 ( 2017: received £2,600
, repaid £Niland bad debts written off £Nil) As at the balance sheet date the amount receivable was £Nil (2017: £49,593). No further transactions with related parties were undertaken, other than those under normal market conditions, such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.