Artisan Pictures Limited
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Notes to the Accounts |
for the year ended 28 February 2018
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
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Fixtures, fittings, tools and equipment |
25% reducing balance basis |
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Taxation |
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Deferred tax is not provided for as in the opinion of the directors it is not material.
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Foreign currency translation |
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Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
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2 |
Employees |
2018 |
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2017 |
Number |
Number |
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Average number of persons employed by the company |
2 |
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2 |
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3 |
Tangible fixed assets |
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Plant and machinery etc |
£ |
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Cost |
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At 1 March 2017 |
24,103 |
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Additions |
3,145 |
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At 28 February 2018 |
27,248 |
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Depreciation |
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At 1 March 2017 |
19,330 |
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Charge for the year |
1,784 |
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At 28 February 2018 |
21,114 |
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Net book value |
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At 28 February 2018 |
6,134 |
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At 28 February 2017 |
4,773 |
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4 |
Creditors: amounts falling due within one year |
2018 |
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2017 |
£ |
£ |
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Bank loans and overdrafts |
209 |
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209 |
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Corporation tax |
11,666 |
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17,771 |
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Other taxes and social security costs |
4,108 |
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5,222 |
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Accruals |
1,000 |
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2,700 |
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Directors current account |
(10,971) |
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(9,842) |
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6,012 |
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16,060 |
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5 |
Other information |
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Artisan Pictures Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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47c Finsbury Park Road |
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London |
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N4 2JY |