Company Registration No. 06110484 (England and Wales)
FALLEN FILMS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2015
FALLEN FILMS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
FALLEN FILMS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
28 FEBRUARY 2015
28 February 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
73,846
24,591
Current assets
Debtors
13,000
-
Cash at bank and in hand
79,751
25,437
92,751
25,437
Creditors: amounts falling due within one year
(117,122)
(39,964)
Net current liabilities
(24,371)
(14,527)
Total assets less current liabilities
49,475
10,064
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
49,473
10,062
Shareholders' funds
49,475
10,064
For the financial year ended 28 February 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 13 November 2015
Ms Anna Blandford
Ms Anna Valdez-Hanks
Director
Director
Company Registration No. 06110484
FALLEN FILMS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
25% reducing balance
Fixtures, fittings & equipment
20% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 March 2014
66,579
Additions
67,879
At 28 February 2015
134,458
Depreciation
At 1 March 2014
41,989
Charge for the year
18,623
At 28 February 2015
60,612
Net book value
At 28 February 2015
73,846
At 28 February 2014
24,591
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
2 Ordinar of £1 each
2
2