Company Registration No. 07887138 (England and Wales)
Moviemania Limited
Unaudited accounts
for the year ended 31 March 2018
Moviemania Limited
Unaudited accounts
Contents
Moviemania Limited
Company Information
for the year ended 31 March 2018
Directors
Otis Pestano
Heidi Spruhan
Company Number
07887138 (England and Wales)
Registered Office
24 Ockenden Road
Littlehampton
West Sussex
BN17 7FH
Moviemania Limited
Statement of financial position
as at
31 March 2018
Intangible assets
7,667
9,667
Tangible assets
3,483
5,984
Inventories
27,190
26,833
Cash at bank and in hand
4,854
5,758
Creditors: amounts falling due within one year
(31,389)
(30,972)
Net current assets
6,924
8,879
Called up share capital
10
10
Profit and loss account
18,064
24,520
Shareholders' funds
18,074
24,530
For the year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 19 June 2018.
Otis Pestano
Director
Company Registration No. 07887138
Moviemania Limited
Notes to the Accounts
for the year ended 31 March 2018
Moviemania Limited is a private company, limited by shares, registered in England and Wales, registration number 07887138. The registered office is 24 Ockenden Road, Littlehampton, West Sussex, BN17 7FH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Revenue, described as turnover is the value of service and goods, net of VAT and discounts, provided to customers during the year.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33.3% per annum reducing balance
Fixtures & fittings
33.3% per annum reducing balance
Other tangible fixed assets
33.3% per annum straight line
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving
Rentals applicable to operating leases where substantially all of the benefits of risk of ownership remain with the lessor are charged to the profit and loss account as incurred.
Goodwill is amortised on a straight line basis over its estimated useful economic life of 10 years.
Moviemania Limited
Notes to the Accounts
for the year ended 31 March 2018
4
Intangible fixed assets
Goodwill
Charge for the year
2,000
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2017
13,372
13,221
26,593
At 31 March 2018
13,372
13,221
26,593
At 1 April 2017
10,483
10,126
20,609
Charge for the year
1,479
1,022
2,501
At 31 March 2018
11,962
11,148
23,110
At 31 March 2018
1,410
2,073
3,483
At 31 March 2017
2,889
3,095
5,984
Finished goods
27,190
26,833
Other debtors
6,269
6,750
Moviemania Limited
Notes to the Accounts
for the year ended 31 March 2018
8
Creditors: amounts falling due within one year
2018
2017
Trade creditors
8,327
10,662
Taxes and social security
4,896
3,740
Other creditors
5,131
3,959
Loans from directors
13,035
12,611
9
Average number of employees
During the year the average number of employees was 4 (2017: 5).