REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2015 |
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FOR |
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THUNDERBRAIN PRODUCTIONS LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2015 |
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FOR |
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THUNDERBRAIN PRODUCTIONS LIMITED |
THUNDERBRAIN PRODUCTIONS LIMITED (REGISTERED NUMBER: 08104723) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 JUNE 2015 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
THUNDERBRAIN PRODUCTIONS LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 JUNE 2015 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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THUNDERBRAIN PRODUCTIONS LIMITED (REGISTERED NUMBER: 08104723) |
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ABBREVIATED BALANCE SHEET |
30 JUNE 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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PROVISIONS FOR LIABILITIES |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS | ( |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act
2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
THUNDERBRAIN PRODUCTIONS LIMITED (REGISTERED NUMBER: 08104723) |
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ABBREVIATED BALANCE SHEET - continued |
30 JUNE 2015 |
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The financial statements were approved by the Board of Directors on
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THUNDERBRAIN PRODUCTIONS LIMITED (REGISTERED NUMBER: 08104723) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 JUNE 2015 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
These financial statements have been prepared on the basis that the company will continue to be a going concern. If |
this assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to |
their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long |
term liabilities as current assets and liabilities. |
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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). |
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Turnover |
Turnover represents sales of services net of VAT. Turnover is recognised at the point the customer is entitled to |
consideration. |
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Tangible fixed assets |
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Equipment | - |
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Fixtures and fittings | - |
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Computer equipment | - |
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Deferred tax |
Deferred taxation is provided in full on timing differences which represent a liability at the balance sheet date, at |
rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from the |
inclusion of items of income and expenditure in taxation computations in periods different from those in which they |
are included in financial statements. Deferred tax is not provided on timing differences arising from the revaluation of |
fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance |
sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of |
transaction. Exchange differences are taken into account in arriving at the operating result. |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 July 2014 |
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Additions |
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At 30 June 2015 |
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DEPRECIATION |
At 1 July 2014 |
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Charge for year |
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At 30 June 2015 |
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NET BOOK VALUE |
At 30 June 2015 |
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At 30 June 2014 |
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THUNDERBRAIN PRODUCTIONS LIMITED (REGISTERED NUMBER: 08104723) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30 JUNE 2015 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary | £1 |
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4. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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During the year, B A Spotto decreased his loan to the company. As at 30 June 2015, the company owed him £5,612 |
(2014: £11,963). This balance represented the maximum amount outstanding during the year and the loan is interest |
free and repayable on demand. |
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During the year, the company paid B A Spotto rent amounting to £7,778 (2014: £5,580) as a result of utilising office |
space within his home. |
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5. | ACCOUNTING BASIS |
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As stated in the accounting policy note, these financial statements have been prepared on the basis that the company |
will continue to be a going concern. During the year the company made a loss of £1,737, and as at the year end the |
current liabilities exceeded current assets by £11,271. |
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The validity of this basis depends upon the continued support of the company's director. The director confirms that |
he will give the required support. |