Company Registration No. 08790830 (England and Wales)
RENEGADE PRODUCTIONS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
RENEGADE PRODUCTIONS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
RENEGADE PRODUCTIONS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
750
424
Current assets
Debtors
86,781
41,642
Cash at bank and in hand
186,684
66,575
273,465
108,217
Creditors: amounts falling due within one year
(115,624)
(68,007)
Net current assets
157,841
40,210
Total assets less current liabilities
158,591
40,634
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
158,491
40,534
Shareholders' funds
158,591
40,634
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges her 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 25 November 2016
Sarah Solemani
Director
Company Registration No. 08790830
RENEGADE PRODUCTIONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 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 January 2015).
The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.
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 the value of services provided under contracts to the extant that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.
consideration and is recorded at the value of the consideration due. Where a contract has only been
partially completed at the balance sheet date turnover represents the value of the service provided to date
based on a proportion of the total expected consideration at completion. Where payments are received
from customers in advance of services provided, the amounts are recorded as Deferred Income and
included as part of Creditors due within one year.
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:
Fixtures, fittings & equipment
25% straight line basis
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015
566
Additions
624
At 31 March 2016
1,190
Depreciation
At 1 April 2015
142
Charge for the year
298
At 31 March 2016
440
Net book value
At 31 March 2016
750
At 31 March 2015
424
RENEGADE PRODUCTIONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
4
Ultimate parent company
The ultimate controlling party is Sarah Solemani.