Company Registration No. 10103416 (England and Wales)
SCHOFIELD PRODUCTIONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2017
PAGES FOR FILING WITH REGISTRAR
SCHOFIELD PRODUCTIONS LIMITED
COMPANY INFORMATION
Director
Mr S Schofield
(Appointed 5 April 2016)
Company number
10103416
Registered office
5 Oaklands
Branson
Lincoln
LN4 1FE
Accountants
Theataccounts Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
SCHOFIELD PRODUCTIONS LIMITED
CONTENTS
Page
Accountants' report
Balance sheet
1
Notes to the financial statements
2 - 3
SCHOFIELD PRODUCTIONS LIMITED
BALANCE SHEET
AS AT
30 APRIL 2017
30 April 2017
- 1 -
2017
Notes
£
£
Current assets
Debtors
638
Cash at bank and in hand
39,607
40,245
Creditors: amounts falling due within one year
3
(24,338)
Net current assets
15,907
Capital and reserves
Called up share capital
4
100
Profit and loss reserves
15,807
Total equity
15,907
The director of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial period ended 30 April 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
T
he director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
T
he member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and signed by the director and authorised for issue on 4 January 2018
Mr S Schofield
Director
Company Registration No. 10103416
SCHOFIELD PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2017
- 2 -
1
Accounting policies
Company information
Schofield Productions Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
5 Oaklands, Branson, Lincoln, LN4 1FE.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
1.2
Turnover
Turnover represents net sales of services.
1.3
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the
company
has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was: 1
SCHOFIELD PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 APRIL 2017
- 3 -
3
Creditors: amounts falling due within one year
2017
£
Corporation tax
5,675
Other creditors
18,663
24,338
4
Called up share capital
2017
£
Ordinary share capital
Issued and fully paid
100 Ordinary A of £1 each
100