|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
REPORT OF THE DIRECTORS AND |
|
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017 |
|
FOR |
|
BOOTH FILMS LIMITED |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
REPORT OF THE DIRECTORS AND |
|
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017 |
|
FOR |
|
BOOTH FILMS LIMITED |
BOOTH FILMS LIMITED (REGISTERED NUMBER: 07005254) |
|
|
|
|
|
|
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2017 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Report of the Directors | 2 |
|
Profit & loss account | 3 |
|
Balance Sheet | 4 |
|
Statement of Changes in Equity | 6 |
|
Notes to the Financial Statements | 7 |
|
BOOTH FILMS LIMITED |
|
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2017 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Accountants |
Dean House |
94 Whiteladies Road |
Clifton |
Bristol |
BS8 2QX |
BOOTH FILMS LIMITED (REGISTERED NUMBER: 07005254) |
|
REPORT OF THE DIRECTORS |
FOR THE YEAR ENDED 31 MARCH 2017 |
|
The directors present their report with the financial statements of the company for the year ended 31 March 2017. |
|
PRINCIPAL ACTIVITY |
The principal activity of the company in the year under review was that of motion picture and video production. |
|
DIRECTORS |
The directors shown below have held office during the whole of the period from 1 April 2016 to the date of this report. |
|
|
|
|
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small |
companies. |
|
ON BEHALF OF THE BOARD: |
|
|
|
|
|
|
|
|
|
BOOTH FILMS LIMITED (REGISTERED NUMBER: 07005254) |
|
PROFIT & LOSS ACCOUNT |
FOR THE YEAR ENDED 31 MARCH 2017 |
|
31.3.17 | 31.3.16 |
Notes | £ | £ |
|
TURNOVER |
|
|
|
Cost of sales |
|
|
GROSS PROFIT |
|
|
|
Administrative expenses |
|
|
OPERATING PROFIT | 4 |
|
|
|
|
Interest payable and similar expenses |
|
|
PROFIT BEFORE TAXATION |
|
|
|
Tax on profit | 5 |
|
|
PROFIT FOR THE FINANCIAL YEAR |
|
|
BOOTH FILMS LIMITED (REGISTERED NUMBER: 07005254) |
|
BALANCE SHEET |
31 MARCH 2017 |
|
31.3.17 | 31.3.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 6 |
|
|
|
CURRENT ASSETS |
Debtors | 7 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 8 |
|
|
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
) |
|
|
CREDITORS |
Amounts falling due after more than one
year |
9 |
( |
) |
( |
) |
|
PROVISIONS FOR LIABILITIES | 10 | ( |
) | ( |
) |
NET LIABILITIES | ( |
) | ( |
) |
|
CAPITAL AND RESERVES |
Called up share capital | 11 |
|
|
Profit & loss account | 12 | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
|
|
|
|
|
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. |
BOOTH FILMS LIMITED (REGISTERED NUMBER: 07005254) |
|
BALANCE SHEET - continued |
31 MARCH 2017 |
|
|
|
|
The accounts were approved and authorized for issue by the Board of Directors on
behalf by: |
|
|
|
|
|
|
|
BOOTH FILMS LIMITED (REGISTERED NUMBER: 07005254) |
|
STATEMENT OF CHANGES IN EQUITY |
FOR THE YEAR ENDED 31 MARCH 2017 |
|
Called up | Profit & |
share | loss | Total |
capital | account | equity |
£ | £ | £ |
|
Balance at 1 April 2015 |
|
( |
) | ( |
) |
|
Changes in equity |
Issue of share capital |
|
- |
|
Dividends | - | ( |
) | ( |
) |
Total comprehensive income | - |
|
|
Balance at 31 March 2016 |
|
( |
) | ( |
) |
|
Changes in equity |
Dividends | - | ( |
) | ( |
) |
Total comprehensive income | - |
|
|
Balance at 31 March 2017 |
|
( |
) | ( |
) |
BOOTH FILMS LIMITED (REGISTERED NUMBER: 07005254) |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2017 |
|
1. | STATUTORY INFORMATION |
|
Booth Films Limited is a
|
registered number and registered office address can be found on the Company Information page. |
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
At the year end the company's liabilities exceeded its assets by £23,571 (£12,458 : 2016). The ability to continue |
trading is dependent on the willingness of the directors to continue to extend finance to the company which they |
are both willing and able to do and have indicated that they will continue to do so for a period of at least 12 |
months from the date of signature of these financial statements. |
|
Turnover |
Turnover represents the value (excluding VAT) of services carried out during the year. |
|
Tangible fixed assets |
|
Plant and machinery | - |
|
|
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & loss account, except |
to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
|
Current or deferred taxation assets and liabilities are not discounted. |
|
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
|
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
|
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
timing difference. |
|
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
|
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
4. | OPERATING PROFIT |
|
The operating profit is stated after charging: |
|
31.3.17 | 31.3.16 |
£ | £ |
Depreciation - owned assets |
|
|
BOOTH FILMS LIMITED (REGISTERED NUMBER: 07005254) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2017 |
|
5. | TAXATION |
|
Analysis of the tax charge |
The tax charge on the profit for the year was as follows: |
31.3.17 | 31.3.16 |
£ | £ |
Current tax: |
UK corporation tax |
|
|
|
Deferred tax | ( |
) | ( |
) |
Tax on profit |
|
|
|
6. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
£ |
COST |
At 1 April 2016 |
|
Additions |
|
At 31 March 2017 |
|
DEPRECIATION |
At 1 April 2016 |
|
Charge for year |
|
At 31 March 2017 |
|
NET BOOK VALUE |
At 31 March 2017 |
|
At 31 March 2016 |
|
|
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.17 | 31.3.16 |
£ | £ |
Trade debtors |
|
|
|
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.17 | 31.3.16 |
£ | £ |
Bank loans and overdrafts |
|
|
Trade creditors |
|
|
Corporation Tax |
|
|
Social security and other taxes |
|
|
Directors' loan accounts |
|
|
Accruals and deferred income |
|
|
|
|
BOOTH FILMS LIMITED (REGISTERED NUMBER: 07005254) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2017 |
|
9. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
31.3.17 | 31.3.16 |
£ | £ |
Bank loans - 1-2 years |
|
|
Bank loans - 2-5 years |
|
|
|
|
|
10. | PROVISIONS FOR LIABILITIES |
31.3.17 | 31.3.16 |
£ | £ |
Deferred tax |
Accelerated capital allowances |
|
|
|
Deferred |
tax |
£ |
Balance at 1 April 2016 |
|
Credit to Income Statement during year | ( |
) |
Balance at 31 March 2017 |
|
|
11. | CALLED UP SHARE CAPITAL |
|
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.17 | 31.3.16 |
value: | £ | £ |
|
Ordinary | 1 | 2 | 2 |
|
12. | RESERVES |
Profit & |
loss |
account |
£ |
|
At 1 April 2016 | ( |
) |
Profit for the year |
|
Dividends | ( |
) |
At 31 March 2017 | ( |
) |
BOOTH FILMS LIMITED (REGISTERED NUMBER: 07005254) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2017 |
|
13. | FIRST YEAR ADOPTION |
|
The company has adopted FRS 102 Section 1a for the year ended 31 March 2017, no adjustments have been |
required to the comparative prior year amounts. |
|
Accordingly, there are no changes in equity at 1 April 2015 (the date of transition to FRS 102 Section 1a) or at |
31 March 2016 being the end of the last annual financial statements determined in accordance with the previous |
financial reporting framework. |
|
Similarly, there are no changes in the profit determined in accordance with the previous reporting framework for |
the year ended 31 March 2015 to the profit determined in accordance with FRS 102 Section 1a for the same |
period. |
|