REGISTERED NUMBER:
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MICHAEL PITTS LIMITED |
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 30 NOVEMBER 2016 |
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REGISTERED NUMBER:
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MICHAEL PITTS LIMITED |
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 30 NOVEMBER 2016 |
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MICHAEL PITTS LIMITED (REGISTERED NUMBER: 04872074) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 NOVEMBER 2016 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
MICHAEL PITTS LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 NOVEMBER 2016 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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MICHAEL PITTS LIMITED (REGISTERED NUMBER: 04872074) |
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ABBREVIATED BALANCE SHEET |
30 NOVEMBER 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006
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(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each
financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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MICHAEL PITTS LIMITED (REGISTERED NUMBER: 04872074) |
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ABBREVIATED BALANCE SHEET - continued |
30 NOVEMBER 2016 |
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The financial statements were approved by the director on
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MICHAEL PITTS LIMITED (REGISTERED NUMBER: 04872074) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 NOVEMBER 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the Financial |
Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover |
Turnover represents net invoiced sales of television camera work, excluding value added tax. Turnover is recognised in |
accordance with the stage of completion of each project. |
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Long Term Contracts are recognised by reference to the stage of completion at the balance sheet date. The amount by |
which recorded turnover of long-term contracts is in excess of payments on account is classified as 'amounts recoverable |
on contracts' and is separately disclosed within debtors. The amount by which payments on account are in excess of |
turnover is classified as 'payments on account' and is separately disclosed within creditors. |
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Tangible fixed assets |
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Plant and machinery | - |
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Computer equipment | - |
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Deferred tax |
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different |
from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences |
which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply |
when the timing differences reverse, based on current tax rates and laws. |
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Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no |
commitment to sell the asset. |
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Deferred tax assets and liabilities are not discounted. |
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Foreign currencies |
Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. |
Exchange differences are taken into account in arriving at the operating result. |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 December 2015 |
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Additions |
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Disposals | ( |
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At 30 November 2016 |
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DEPRECIATION |
At 1 December 2015 |
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Charge for year |
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Eliminated on disposal | ( |
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At 30 November 2016 |
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NET BOOK VALUE |
At 30 November 2016 |
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At 30 November 2015 |
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MICHAEL PITTS LIMITED (REGISTERED NUMBER: 04872074) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2016 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £1 |
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A | £1 |
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4 | 4 |