SPATZ FILM LTD
Company Information
for the year ended 31 March 2019
Directors
Timothy Spatz
Louise Leishman
Company Number
10665607 (England and Wales)
Registered Office
14 Brownlow Street
Leamington Spa
Warwickshire
CV32 5XH
Accountants
Venn Accounts Ltd
Uncommon Offices
126 New Kings Road
Fulham
SW6 4LZ
SPATZ FILM LTD
Statement of financial position
as at
31 March 2019
Tangible assets
19,198
7,215
Cash at bank and in hand
7,842
771
Creditors: amounts falling due within one year
(32,171)
(18,504)
Net current liabilities
(4,571)
(6,635)
Called up share capital
200
200
Profit and loss account
14,427
380
Shareholders' funds
14,627
580
For the year ending 31 March 2019 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 2 December 2019.
Timothy Spatz
Director
Company Registration No. 10665607
SPATZ FILM LTD
Notes to the Accounts
for the year ended 31 March 2019
SPATZ FILM LTD is a private company, limited by shares, registered in England and Wales, registration number 10665607. The registered office is 14 Brownlow Street, Leamington Spa, Warwickshire, CV32 5XH.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line
Computer equipment
33% Straight Line
SPATZ FILM LTD
Notes to the Accounts
for the year ended 31 March 2019
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2018
8,168
-
8,168
Additions
12,635
2,800
15,435
At 31 March 2019
20,134
2,800
22,934
At 1 April 2018
953
-
953
Charge for the year
2,784
77
2,861
At 31 March 2019
3,659
77
3,736
At 31 March 2019
16,475
2,723
19,198
At 31 March 2018
7,215
-
7,215
Trade debtors
19,592
8,020
6
Creditors: amounts falling due within one year
2019
2018
Trade creditors
5,341
268
Taxes and social security
3,816
634
Loans from directors
1,228
-
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
8
Average number of employees
During the year the average number of employees was 2 (2018: 2).