Registration number:
for the Year Ended
Robert Golden Pictures Ltd
Contents
Company Information |
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Abbreviated Balance Sheet |
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Notes to the Abbreviated Accounts |
Robert Golden Pictures Ltd
Company Information
Directors |
Mr R J Golden Mrs T E Golden |
Company secretary |
Mrs T E Golden |
Registered office |
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Registered number |
01930963 |
Accountants |
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Robert Golden Pictures Ltd
(Registration number: 01930963)
Abbreviated Balance Sheet as at 31 October 2016
Note |
2016 |
2015 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
( |
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Shareholders deficit |
( |
( |
For the year ending 31 October 2016 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the Board on
.........................................
Mr R J Golden
Director
Robert Golden Pictures Ltd
Notes to the Abbreviated Accounts
Accounting policies |
Basis of preparation
The accounts have been prepared on a going concern basis on the understanding that the directors and parent company will continue to support the company for the foreseeable future.
Accounting convention
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).
Going concern
The company has liabilities in excess of its assets. The company meets its day to day working capital requirements through loans from the company's directors. Both directors have agreed to support the company for the foreseeable future. All the loans are interest free and no demand for repayment will be made without giving twelve months notice. The directors are confident that the company can meet all its financial requirements as and when they fall due. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis.
Turnover
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Plant and machinery |
25% on reducing balance |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Foreign currency
Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.
Robert Golden Pictures Ltd
Notes to the Abbreviated Accounts
Fixed assets |
Tangible assets |
Total |
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Cost |
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At 1 November 2015 |
105,093 |
105,093 |
Additions |
6,981 |
6,981 |
At 31 October 2016 |
112,074 |
112,074 |
Depreciation |
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At 1 November 2015 |
96,400 |
96,400 |
Charge for the year |
3,193 |
3,193 |
At 31 October 2016 |
99,593 |
99,593 |
Net book value |
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At 31 October 2016 |
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At 31 October 2015 |
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Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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156,000 |
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156,000 |
Directors' advances, credits and guarantees |
Included in creditors amounts falling due after more than one year is a balance for the sum of £175,559 (2015: £182,412) due to R J Golden, a director of the company.