Everyday Ikons Limited
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Registered number: |
07474642
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Directors' Report |
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The directors present their report and accounts for the year ended 31 December 2014. |
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Principal activities |
The company's principal activity during the year continued to be film Production and Management and ocassional courier services
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Directors |
The following persons served as directors during the year: |
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Dewi Bruce - Konuah
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Political and charitable donations |
None |
Directors' responsibilities |
The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations. |
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Company law requires the directors to prepare accounts for each financial year. Under that law the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to: |
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select suitable accounting policies and then apply them consistently; |
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make judgements and estimates that are reasonable and prudent; |
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prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
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The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
Employment of disabled persons |
The company gives full consideration to application for employment from all sector of the community.where an applicant as indicatated that they are registered disabled and meet the essentail criteria they would be guaranteed a job interview. Where an existing employee becomes disabled its the company policy to make reasonable adjustment to workplace. |
Small company provisions |
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
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This report was approved by the board on 30 September 2015 and signed on its behalf. |
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DEWI BRUCE- KONUAH |
Director |
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Everyday Ikons Limited
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Balance Sheet |
as at 31 December 2014
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Notes |
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|
2014 |
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£ |
|
Fixed assets |
Intangible assets |
5 |
|
|
- |
Tangible assets |
6 |
|
|
- |
|
|
|
|
- |
|
|
Current assets |
Stocks |
|
|
- |
Debtors |
7 |
|
- |
Cash at bank and in hand |
|
|
1,569 |
|
|
|
1,569 |
|
|
|
Creditors: amounts falling due within one year |
8 |
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(1,950) |
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Net current (liabilities)/assets |
|
|
|
(381) |
|
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Total assets less current liabilities |
|
|
|
(381) |
|
|
Creditors: amounts falling due after more than one year |
9 |
|
|
- |
|
Provisions for liabilities |
10 |
|
|
- |
|
|
Net (liabilities)/assets |
|
|
|
(381) |
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|
|
|
|
|
|
Capital and reserves |
Called up share capital |
11 |
|
|
100 |
Share premium |
12 |
|
|
- |
Profit and loss account |
13 |
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(481) |
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Shareholders' funds |
|
|
|
(381) |
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|
|
|
|
|
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The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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Members have not required the company to obtain an audit in accordance with section 476 of the Act.
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The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
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DEWI BRUCE- KONUAH |
Director |
Approved by the board on 30 September 2015
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Everyday Ikons Limited
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Notes to the Accounts |
for the year ended 31 December 2014
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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 the Financial Reporting Standard for Smaller Entities (effective April 2008).
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Turnover |
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Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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Depreciation |
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Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
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Plant and machinery |
20% straight line
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Motor vehicles |
25% straight line
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Stocks |
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Stock is valued at the lower of cost and net realisable value. |
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Deferred taxation |
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Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
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Foreign currencies |
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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 |
Operating profit |
2014 |
|
£ |
|
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This is stated after charging: |
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Depreciation of owned fixed assets |
- |
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Depreciation of assets held under finance leases and hire purchase contracts |
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- |
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Amortisation of goodwill |
- |
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Directors' remuneration |
- |
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Compensation to past directors for loss of office |
- |
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Pension costs |
- |
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Auditors' remuneration |
- |
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Exceptional costs associated with introducing the Euro |
- |
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Number of directors to whom benefits accrued under money purchase pension schemes |
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- |
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3 |
Interest payable |
2014 |
|
£ |
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Interest payable |
- |
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Non-equity dividends |
- |
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- |
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4 |
Taxation |
2014 |
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£ |
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UK corporation tax |
- |
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Deferred tax |
- |
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|
- |
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5 |
Intangible fixed assets |
£ |
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Goodwill: |
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Cost |
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At 1 January 2014 |
- |
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Additions |
- |
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Disposals |
- |
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At 31 December 2014 |
- |
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Amortisation |
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At 1 January 2014 |
- |
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Provided during the year |
- |
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On disposals |
- |
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At 31 December 2014 |
- |
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Net book value |
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At 31 December 2014 |
- |
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At 31 December 2013 |
- |
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6 |
Tangible fixed assets |
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Land and buildings |
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Plant and machinery etc |
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Motor vehicles |
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Total |
£ |
£ |
£ |
£ |
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Cost |
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At 1 January 2014 |
- |
|
- |
|
- |
|
- |
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Additions |
- |
|
- |
|
- |
|
- |
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Surplus on revaluation |
- |
|
- |
|
- |
|
- |
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Disposals |
- |
|
- |
|
- |
|
- |
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At 31 December 2014 |
- |
|
- |
|
- |
|
- |
|
|
|
|
|
|
|
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|
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Depreciation |
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At 1 January 2014 |
- |
|
- |
|
- |
|
- |
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Charge for the year |
- |
|
- |
|
- |
|
- |
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Surplus on revaluation |
- |
|
- |
|
- |
|
- |
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On disposals |
- |
|
- |
|
- |
|
- |
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At 31 December 2014 |
- |
|
- |
|
- |
|
- |
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|
|
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Net book value |
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At 31 December 2014 |
- |
|
- |
|
- |
|
- |
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At 31 December 2013 |
- |
|
- |
|
- |
|
- |
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|
|
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|
|
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Freehold land and buildings: |
2014 |
|
£ |
|
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Historical cost |
- |
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Cumulative depreciation based on historical cost |
- |
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|
|
|
|
|
|
|
|
|
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|
2014 |
|
£ |
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Net book value of plant, machinery and vehicles included above held under finance leases and hire purchase contracts |
|
- |
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|
|
|
|
|
|
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7 |
Debtors |
2014 |
|
£ |
|
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Trade debtors |
- |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
- |
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Deferred tax asset (see note 10) |
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|
- |
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Other debtors |
- |
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|
- |
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Amounts due after more than one year included above |
- |
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8 |
Creditors: amounts falling due within one year |
2014 |
|
£ |
|
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Non-equity preference shares |
- |
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Bank loans and overdrafts |
- |
|
Obligations under finance lease and hire purchase contracts |
- |
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Trade creditors |
- |
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Corporation tax |
- |
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Other taxes and social security costs |
- |
|
Other creditors |
1,950 |
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1,950 |
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|
|
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|
9 |
Creditors: amounts falling due after one year |
2014 |
|
£ |
|
|
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Bank loans |
- |
|
Obligations under finance lease and hire purchase contracts |
- |
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Trade creditors |
- |
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Other creditors |
- |
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|
- |
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10 |
Provisions for liabilities |
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Deferred taxation: |
2014 |
|
£ |
|
|
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Accelerated capital allowances |
- |
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Tax losses carried forward |
- |
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|
- |
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2014 |
|
£ |
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At 1 January |
- |
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Deferred tax charge in profit and loss account |
- |
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At 31 December |
- |
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11 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
value |
Number |
£ |
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Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
100 |
|
100 |
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|
100 |
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|
100 |
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Nominal |
Number |
Amount |
value |
£ |
|
Shares issued during the period: |
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Ordinary shares
|
£1 each |
|
- |
|
- |
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|
- |
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|
- |
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12 |
Share premium |
2014 |
£ |
|
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At 1 January 2014 |
- |
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Shares issued |
- |
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Expenses of issue |
- |
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At 31 December 2014 |
- |
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13 |
Profit and loss account |
2014 |
£ |
|
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At 1 January 2014 |
- |
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Prior year adjustments |
- |
|
At 1 January 2014 |
- |
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Loss for the year |
(481) |
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Dividends |
- |
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Transfer to capital redemption reserve |
- |
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At 31 December 2014 |
(481) |
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