Registered number |
05729288 |
ANDSOME FILMS LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2019 |
ANDSOME FILMS LIMITED | |||
CONTENTS | |||
Page | |||
Balance sheet | 1 | ||
Notes to the financial statements | 2 - 5 | ||
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Balance Sheet | |||||||
as at |
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Company Registration No. | 05729288 | ||||||
Notes | 2019 | 2018 | |||||
£ | £ | ||||||
Current assets | |||||||
Debtors | 4 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year | 5 | ( |
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Net current liabilities | ( |
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Net liabilities | ( |
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Capital and reserves | |||||||
Called up share capital |
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Profit and loss account | ( |
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Shareholder's funds | ( |
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………………………………….. | |||||||
Sonja Phillips | |||||||
Director | |||||||
Approved by the board on |
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NOTES TO THE FINANCIAL STATEMENTS | ||||||||
FOR THE YEAR ENDED 31 MARCH 2019 | ||||||||
1 | Accounting policies | |||||||
Basis of preparation | ||||||||
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical convention. The principal accounting policies adopted are set out below. |
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Going concern | ||||||||
The validity of this assumption depends on the company being able to trade profitably in the future and the continued support of the company's director who is also a shareholder. The financial statements do not include any adjustments that would result if the company continued to make losses and such support were withdrawn. If the company was unable to continue to trade, adjustments would have to be made to reduce the value of assets to their recoverable amounts, provide for further liabilities that may arise and to reclassify fixed assets and long term liabilities as current assets and liabilities. The shareholder and director has expressed their willingness to continue supporting the company for the foreseeable future and hence it is appropriate for the financial statements to be prepared on a going concern basis. |
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Turnover | ||||||||
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Tangible fixed assets | ||||||||
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Freehold buildings | over 50 years | |||||||
Fixtures, fittings and equipment | 20% straight line | |||||||
Financial instruments | ||||||||
Financial instruments are recognised in the company's balance sheet date when the company becomes party to the contractual provisions of the instruments. 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 of impairments found, an impairment loss is recognised in profit and loss accounts. Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
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Basic financial assets | ||||||||
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Cash and cash equivalents | ||||||||
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Basic financial liabilities | ||||||||
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Taxation | ||||||||
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Current tax | ||||||||
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Deferred tax | ||||||||
The carrying amount of deferred tax assets is reviewed at each reporting end date. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the assets is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities relate to taxes levied by the same tax authority. |
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2 | Employees | 2019 | 2018 | |||||
Number | Number | |||||||
Average number of persons employed by the company |
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3 | Tangible fixed assets | |||||||
Fixtures, fittings and equipment | ||||||||
£ | ||||||||
Cost | ||||||||
At 1 April 2018 |
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At 31 March 2019 |
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Depreciation | ||||||||
At 1 April 2018 |
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At 31 March 2019 |
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Net book value | ||||||||
At 31 March 2019 | - | |||||||
4 | Debtors | 2019 | 2018 | |||||
£ | £ | |||||||
Corporation tax recoverable |
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5 | Creditors: amounts falling due within one year | 2019 | 2018 | |||||
£ | £ | |||||||
Corporation tax |
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Director's current account | 5,590 | 9,121 | ||||||
Other creditors |
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6 | Other information | |||||||
Andsome Films Limited is a private company limited by shares and incorporated in England and Wales. The registered office is: Flat 14, 5 Canalside Square, London, N1 7FJ. |