Registration number:
Unaudited Abbreviated Accounts
for the Period from
PhonicFilms LTD
Contents
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5 ) have been prepared.
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
PhonicFilms LTD
for the Period Ended 31 March 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of PhonicFilms LTD for the period ended 31 March 2016 set out on pages from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Certified Practising Accountants (ICPA) , we are subject to its ethical and other professional requirements which are detailed at icpa.org.uk/.
This report is made solely to the Board of Directors of PhonicFilms LTD , as a body, in accordance with the terms of our engagement letter . Our work has been undertaken solely to prepare for your approval the accounts of PhonicFilms LTD and state those matters that we have agreed to state to them . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PhonicFilms LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that PhonicFilms LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of PhonicFilms LTD. You consider that PhonicFilms LTD is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of PhonicFilms LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Maven Media Accountants Limited
7 Paynes Park
Hitchin
Hertfordshire
SG5 1EH
11 October 2016
PhonicFilms LTD
(Registration number: 09472275)
Abbreviated Balance Sheet at 31 March 2016
Note |
31 March 2016
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
.........................................
Mrs Helen Smith
Director
2
PhonicFilms LTD
(Registration number: 09472275)
Abbreviated Balance Sheet at 31 March 2016
......... continued
.........................................
Mr Sean Smith
Director
3
PhonicFilms LTD
Notes to the Abbreviated Accounts for the Period from 5 March 2015 to 31 March 2016
......... continued
Accounting policies |
Basis of preparation
Turnover
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Plant and machinery |
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Deferred tax
Financial instruments
PhonicFilms LTD
Notes to the Abbreviated Accounts for the Period from 5 March 2015 to 31 March 2016
......... continued
Fixed assets |
Tangible assets
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Total
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Cost |
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Additions |
27,759 |
27,759 |
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At 31 March 2016 |
27,759 |
27,759 |
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Depreciation |
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Charge for the period |
5,552 |
5,552 |
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At 31 March 2016 |
5,552 |
5,552 |
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Net book value |
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At 31 March 2016 |
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Share capital |
Allotted, called up and fully paid shares
31 March 2016 |
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No. |
£ |
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Related party transactions |
Directors' advances and credits |
5 March 2015 to 31 March 2016 |
5 March 2015 to 31 March 2016 |
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Mrs Helen Smith |
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Mr Sean Smith |
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