Company Registration No. 06052914 (England and Wales)
ARCADE FIRE TOURING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2016
PAGES FOR FILING WITH REGISTRAR
ARCADE FIRE TOURING LIMITED
COMPANY INFORMATION
Directors
Edwin Butler
Regine Chassagne
Secretary
Chatel Registrars Ltd
Company number
06052914
Registered office
19 Portland Place
London
W1B 1PX
Accountants
OJK Ltd
19 Portland Place
London
W1B 1PX
ARCADE FIRE TOURING LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
ARCADE FIRE TOURING LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2016
31 December 2016
- 1 -
2016
2016
Notes
£
£
£
£
Current assets
Debtors
4
424,051
284,887
Cash at bank and in hand
18,686
95,818
442,737
380,705
Creditors: amounts falling due within one year
5
(31,001)
(28,603)
Net current assets
411,736
352,102
Capital and reserves
Called up share capital
6
2
2
Profit and loss reserves
411,734
352,100
Total equity
411,736
352,102
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial period ended 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
T
he directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved by the board of directors and authorised for issue on 29 September 2017 and are signed on its behalf by:
Edwin Butler
Director
Company Registration No. 06052914
ARCADE FIRE TOURING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2016
- 2 -
1
Accounting policies
Company information
Arcade Fire Touring Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
19 Portland Place, London, W1B 1PX.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Reporting period
The financial year end was shortened during the year in order to bring the year end date in line with other associated companies. Therefore, the comparative amounts presented in the financial statements are not entirely comparable.
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Fixtures, fittings & equipment
20% Straight Line
1.5
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments
'.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest
method unless the arrangement constitutes a financing transaction
.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from
fellow group companies and preference shares that are classified as debt, are
initially recognised at transaction price unless the arrangement constitutes a
financing transaction
.
ARCADE FIRE TOURING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2016
1
Accounting policies
(Continued)
- 3 -
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
1.7
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in the profit and loss account for the period.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was 2 (2016 - 2).
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2016 and 31 December 2016
2,502
Depreciation and impairment
At 1 February 2016 and 31 December 2016
2,502
Carrying amount
At 31 December 2016
-
At 31 January 2016
-
4
Debtors
2016
2016
Amounts falling due within one year:
£
£
Other debtors
424,051
284,887
ARCADE FIRE TOURING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2016
- 4 -
5
Creditors: amounts falling due within one year
2016
2016
£
£
Trade creditors
7,351
11,691
Corporation tax
18,708
14,677
Other creditors
4,942
2,235
31,001
28,603
6
Called up share capital
2016
2016
£
£
Ordinary share capital
Issued and fully paid
2 ordinary shares of £1 each
2
2
2
2