Company Registration No. 08634555 (England and Wales)
Find Your Act Entertainment Group Ltd
Unaudited accounts
for the year ended 31 August 2018
Find Your Act Entertainment Group Ltd
Unaudited accounts
Contents
Find Your Act Entertainment Group Ltd
Company Information
for the year ended 31 August 2018
Company Number
08634555 (England and Wales)
Registered Office
Suite 4.07 Leeming Building
Vicar Lane
Leeds
LS2 7JF
Accountants
Accounts Lab Ltd
The Leeming Building
Vicar Lane
Leeds
West Yorkshire
LS2 7JF
Find Your Act Entertainment Group Ltd
Statement of financial position
as at
31 August 2018
Intangible assets
8,331
-
Tangible assets
23,087
5,226
Cash at bank and in hand
299
11,536
Creditors: amounts falling due within one year
(43,769)
(1,031)
Net current (liabilities)/assets
(35,858)
26,611
Total assets less current liabilities
(4,440)
31,837
Creditors: amounts falling due after more than one year
(20,356)
(31,676)
Net (liabilities)/assets
(24,796)
161
Called up share capital
1
1
Profit and loss account
(24,797)
160
Shareholders' funds
(24,796)
161
For the year ending 31 August 2018 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 30 May 2019.
Mark Bowman
Director
Company Registration No. 08634555
Find Your Act Entertainment Group Ltd
Notes to the Accounts
for the year ended 31 August 2018
Find Your Act Entertainment Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 08634555. The registered office is Suite 4.07 Leeming Building, Vicar Lane, Leeds, LS2 7JF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
Computer equipment
25% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements
Find Your Act Entertainment Group Ltd
Notes to the Accounts
for the year ended 31 August 2018
4
Intangible fixed assets
Goodwill
Charge for the year
2,083
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2017
-
1,740
5,543
7,283
Additions
7,580
-
17,834
25,414
At 31 August 2018
7,580
1,740
23,377
32,697
At 1 September 2017
-
671
1,386
2,057
Charge for the year
1,895
160
5,498
7,553
At 31 August 2018
1,895
831
6,884
9,610
At 31 August 2018
5,685
909
16,493
23,087
At 31 August 2017
-
1,069
4,157
5,226
Other debtors
7,612
16,106
7
Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
34,200
-
Obligations under finance leases and hire purchase contracts
7,169
-
Taxes and social security
-
1,031
Find Your Act Entertainment Group Ltd
Notes to the Accounts
for the year ended 31 August 2018
8
Creditors: amounts falling due after more than one year
2018
2017
Obligations under finance leases and hire purchase contracts
5,354
-
9
Average number of employees
During the year the average number of employees was 0 (2017: 1).