Registered number
06555420
Badger Productions Limited
Filleted Accounts
30 April 2018
Badger Productions Limited
Registered number: 06555420
Balance Sheet
as at 30 April 2018
Notes 2018 2017
£ £
Fixed assets
Intangible assets 3 - 15,000
Tangible assets 4 1,280 1,110
1,280 16,110
Current assets
Debtors 5 2,520 1,200
Cash at bank and in hand 121,064 166,340
123,584 167,540
Creditors: amounts falling due within one year 6 (42,417) (54,965)
Net current assets 81,167 112,575
Net assets 82,447 128,685
Capital and reserves
Called up share capital 2 2
Profit and loss account 82,445 128,683
Shareholders' funds 82,447 128,685
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J E L Graham
Director
Approved by the board on 26 October 2018
Badger Productions Limited
Notes to the Accounts
for the year ended 30 April 2018
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment over 3 years
Fixtures and fittings over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2018 2017
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2017 150,000
At 30 April 2018 150,000
Amortisation
At 1 May 2017 135,000
Provided during the year 15,000
At 30 April 2018 150,000
Net book value
At 30 April 2018 -
At 30 April 2017 15,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Fixtures and fittings Computer equipment Total
£ £ £
Cost
At 1 May 2017 1,670 28,431 30,101
Additions 282 897 1,179
At 30 April 2018 1,952 29,328 31,280
Depreciation
At 1 May 2017 1,670 27,321 28,991
Charge for the year 94 915 1,009
At 30 April 2018 1,764 28,236 30,000
Net book value
At 30 April 2018 188 1,092 1,280
At 30 April 2017 - 1,110 1,110
5 Debtors 2018 2017
£ £
Trade debtors 2,520 1,200
6 Creditors: amounts falling due within one year 2018 2017
£ £
Trade creditors 240 -
Directors' loan account 16,400 23,535
Corporation tax 9,856 14,927
Other taxes and social security costs 14,721 15,203
Other creditors 1,200 1,300
42,417 54,965
7 Other information
Badger Productions Limited is a private company limited by shares and incorporated in England. Its registered office is:
Penterry House, St. Arvans,
Chepstow
Gwent
Wales
NP16 6HQ
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