Registered number |
05645085 |
BRITDOC FILMS LIMITED |
(LIMITED BY GUARANTEE - NO SHARE CAPITAL) |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2018 |
BRITDOC FILMS LIMITED | |||
CONTENTS | |||
Page | |||
Balance sheet | 1 | ||
Notes to the financial statements | 2 - 4 | ||
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Balance Sheet | |||||||
as at |
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Company Registration No. | 05645085 | ||||||
Notes | 2018 | 2017 | |||||
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Current assets | |||||||
Debtors | 2 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year | 3 | ( |
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Net current assets |
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Net assets |
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Capital and reserves | |||||||
Profit and loss account |
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Shareholders' funds |
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………………………………….. | |||||||
Jess Search | |||||||
Director | |||||||
Approved by the board on |
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NOTES TO THE FINANCIAL STATEMENTS | ||||||||
FOR THE YEAR ENDED 31 MARCH 2018 | ||||||||
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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Turnover | ||||||||
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Financial instruments | ||||||||
The company only enters into basic financial statements transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. 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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Debtors | ||||||||
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Cash and cash equivalents | ||||||||
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with financial institutions, and other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. | ||||||||
Creditors | ||||||||
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Taxation | ||||||||
The tax expense represents the sum of the tax currently payable and deferred tax. | ||||||||
Current tax | ||||||||
The current tax payable is based on taxable profit for the year. Taxable profit differs from net profit 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. | ||||||||
Provisions | ||||||||
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Foreign currency translation | ||||||||
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2 | Debtors | 2018 | 2017 | |||||
£ | £ | |||||||
Trade debtors |
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Corporation tax recoverable | - | 147 | ||||||
Other taxes and social security | 7,525 | 1,883 | ||||||
Other debtors |
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3 | Creditors: amounts falling due within one year | 2018 | 2017 | |||||
£ | £ | |||||||
Trade creditors |
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Other creditors |
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4 | Other information | |||||||
Britdoc Films Limited is a private company limited by guartentee and incorporated in England and Wales. The registered office is: 37 Warren Street, London, W1T 6AD. |