Registration number:
Clear Focus Productions Limited
for the Year Ended 31 December 2016
Clear Focus Productions Limited
Contents
Balance Sheet |
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Notes to the Financial Statements |
Clear Focus Productions Limited
(Registration number: 02668042)
Balance Sheet as at 31 December 2016
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2016 |
2015 |
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Fixed assets |
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Tangible 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 assets |
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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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Total equity |
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For the financial year ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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P Gauron
Director
Page 1 |
Clear Focus Productions Limited
Notes to the Financial Statements for the Year Ended 31 December 2016
General information |
The company is a private company limited by share capital incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Equipment |
33% straight line |
Defined contribution pension obligation
The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Page 2 |
Clear Focus Productions Limited
Notes to the Financial Statements for the Year Ended 31 December 2016
Tangible assets |
Office equipment |
Total |
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Cost or valuation |
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At 1 January 2016 |
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Additions |
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At 31 December 2016 |
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Depreciation |
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At 1 January 2016 |
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Charge for the year |
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At 31 December 2016 |
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Carrying amount |
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At 31 December 2016 |
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At 31 December 2015 |
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Page 3 |
Clear Focus Productions Limited
Notes to the Financial Statements for the Year Ended 31 December 2016
Debtors |
2016 |
2015 |
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Other debtors |
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Total current trade and other debtors |
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Creditors |
Note |
2016 |
2015 |
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Due within one year |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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Related party transactions |
Transactions with directors |
Directors' remuneration
The director's remuneration for the year was as follows:
2016 |
2015 |
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Remuneration |
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Contributions paid to money purchase schemes |
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23,650 |
28,690 |
Other transactions with directors |
N Salmon (company secretary). N Salmon was paid £2,361 (2015: £5,016) in respect of services provided to the company during the year. At the balance sheet date the amount due to N Salmon was £Nil (2015: £Nil).
G Gauron (wife of director). G Gauron was paid £1,845 (2015: £17,340) in respect of services provided to the company during the year. At the balance sheet date the amount due to G Gauron was £Nil (2015: £Nil).
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Clear Focus Productions Limited
Notes to the Financial Statements for the Year Ended 31 December 2016
Transition to FRS 102 |
There were no adjustments resulting from the transition to FRS 102 that impact upon the net surplus for the year ended 31/12/2015. Total capital and reserves reported in these accounts as at 01/01/2015 and 31/12/2015 are as reported previously.
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