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REGISTERED NUMBER: 08386109 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 28 February 2018

for

The Flying Colour Company Post
Production Limited

The Flying Colour Company Post
Production Limited (Registered number: 08386109)






Contents of the Financial Statements
for the Year Ended 28 February 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Flying Colour Company Post
Production Limited

Company Information
for the Year Ended 28 February 2018







DIRECTORS: S C Wilkinson
D M Thomson





SECRETARY:





REGISTERED OFFICE: 59 Victoria Road
Surbiton
Surrey
KT6 4NQ





REGISTERED NUMBER: 08386109 (England and Wales)





ACCOUNTANTS: Richard Morgan and Company
Chartered Accountants
59 Victoria Road
Surbiton
Surrey
KT6 4NQ

The Flying Colour Company Post
Production Limited (Registered number: 08386109)

Balance Sheet
28 February 2018

28.2.18 28.2.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 121,255 96,880

CURRENT ASSETS
Debtors 5 56,667 34,794
Cash at bank and in hand 370,566 260,773
427,233 295,567
CREDITORS
Amounts falling due within one year 6 384,722 379,586
NET CURRENT ASSETS/(LIABILITIES) 42,511 (84,019 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

163,766

12,861

CREDITORS
Amounts falling due after more than one
year

7

(28,671

)

(12,478

)

PROVISIONS FOR LIABILITIES (23,000 ) -
NET ASSETS 112,095 383

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 111,995 283
SHAREHOLDERS' FUNDS 112,095 383

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(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.

The Flying Colour Company Post
Production Limited (Registered number: 08386109)

Balance Sheet - continued
28 February 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 9 November 2018 and were signed on its behalf
by:





S C Wilkinson - Director


The Flying Colour Company Post
Production Limited (Registered number: 08386109)

Notes to the Financial Statements
for the Year Ended 28 February 2018

1. STATUTORY INFORMATION

The Flying Colour Company Post Production Limited is a private company, limited by shares , registered in
England and Wales. The company's registered number and registered office address can be found on the
Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and Equipment - 25% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2017 - 5 ) .

The Flying Colour Company Post
Production Limited (Registered number: 08386109)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2018

4. TANGIBLE FIXED ASSETS
Plant and Computer
Equipment equipment Totals
£    £    £   
COST
At 1 March 2017 127,998 72,909 200,907
Additions 27,319 71,950 99,269
At 28 February 2018 155,317 144,859 300,176
DEPRECIATION
At 1 March 2017 69,179 34,848 104,027
Charge for year 38,829 36,065 74,894
At 28 February 2018 108,008 70,913 178,921
NET BOOK VALUE
At 28 February 2018 47,309 73,946 121,255
At 28 February 2017 58,819 38,061 96,880

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.18 28.2.17
£    £   
Other debtors 56,667 25,594
Directors' current accounts - 9,200
56,667 34,794

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.18 28.2.17
£    £   
Hire purchase contracts 18,406 27,043
Trade creditors 192,437 126,554
Corporation tax 70,285 25,262
Social security and other taxes 8,712 3,133
VAT 61,104 43,345
Accruals and deferred income 33,778 154,249
384,722 379,586

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.18 28.2.17
£    £   
Hire purchase contracts 29,133 12,478
Other creditors (462 ) -
28,671 12,478

The Flying Colour Company Post
Production Limited (Registered number: 08386109)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2018

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2018 and
28 February 2017:

28.2.18 28.2.17
£    £   
D M Thomson
Balance outstanding at start of year 7,545 (35,187 )
Amounts advanced - 108,000
Amounts repaid (7,545 ) (65,268 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 7,545

S C Wilkinson
Balance outstanding at start of year 1,655 (35,537 )
Amounts advanced - 96,460
Amounts repaid (1,655 ) (59,268 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 1,655

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £201,020 (2017 - £108,000) were paid to the directors .