Caseware UK (AP4) 2016.0.181 2016.0.181 2018-03-312018-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalseThe principle activity of the Company was that of management and production.false2017-04-01 07081589 2017-04-01 2018-03-31 07081589 2016-04-01 2017-03-31 07081589 2018-03-31 07081589 2017-03-31 07081589 c:Director1 2017-04-01 2018-03-31 07081589 d:OfficeEquipment 2017-04-01 2018-03-31 07081589 d:OfficeEquipment 2018-03-31 07081589 d:OfficeEquipment 2017-03-31 07081589 d:OfficeEquipment d:OwnedOrFreeholdAssets 2017-04-01 2018-03-31 07081589 d:CurrentFinancialInstruments 2018-03-31 07081589 d:CurrentFinancialInstruments 2017-03-31 07081589 d:CurrentFinancialInstruments d:WithinOneYear 2018-03-31 07081589 d:CurrentFinancialInstruments d:WithinOneYear 2017-03-31 07081589 d:ShareCapital 2018-03-31 07081589 d:ShareCapital 2017-03-31 07081589 d:RetainedEarningsAccumulatedLosses 2018-03-31 07081589 d:RetainedEarningsAccumulatedLosses 2017-03-31 07081589 c:FRS102 2017-04-01 2018-03-31 07081589 c:AuditExempt-NoAccountantsReport 2017-04-01 2018-03-31 07081589 c:FullAccounts 2017-04-01 2018-03-31 07081589 c:PrivateLimitedCompanyLtd 2017-04-01 2018-03-31 iso4217:GBP xbrli:pure

Registered number: 07081589













RUSSELL SCOTT ENTERTAINMENT LIMITED
UNAUDITED
 FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

 
RUSSELL SCOTT ENTERTAINMENT LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 5


 
RUSSELL SCOTT ENTERTAINMENT LIMITED
REGISTERED NUMBER:07081589

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2018

2018
2017
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,426
2,739

Current assets
  

Debtors: amounts falling due within one year
 5 
460
101

Bank & cash balances
  
17,956
15,888

  
18,416
15,989

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(6,337)
(13,798)

Net current assets
  
 
 
12,079
 
 
2,191

  

Net assets
  
14,505
4,930


Capital and reserves
  

Called up share capital 
 7 
125
125

Profit and loss account
  
14,380
4,805

  
14,505
4,930


The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 October 2018.




R J Scott
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
RUSSELL SCOTT ENTERTAINMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

1.


General information

Russell Scott Entertainment Limited is a limited company incorporated in England & Wales with its principal place of business and registered office at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.
The principal activity of the company continued to be that of management and production.
The company's functional and presentational currency is £ Sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The policies applied under the entities previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises revenue recognised by the Company in respect of goods and servies supplied during the year, exclusive of Value Added Tax and trade discounts. 
Turnover is recognised when the service is provided. 

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses.



Depreciation is provided on the following basis:

Office equipment
-
25% reducing balance basis

 
2.4

Debtors

Short term debtors are measured at transaction price.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

Page 2

 
RUSSELL SCOTT ENTERTAINMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

2.Accounting policies (continued)

 
2.6

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans to related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

 
2.7

Creditors

Short term creditors are measured at the transaction price.  

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.9

Taxation

Tax is recognised in the Statement of Comprehensive Income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2017 - 1).

Page 3

 
RUSSELL SCOTT ENTERTAINMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2017
4,316


Additions
372



At 31 March 2018

4,688



Depreciation


At 1 April 2017
1,577


Charge for the year on owned assets
685



At 31 March 2018

2,262



Net book value



At 31 March 2018
2,426



At 31 March 2017
2,739


5.


Debtors

2018
2017
£
£

Trade debtors
360
-

Other debtors
100
101

460
101



6.


Creditors: Amounts falling due within one year

2018
2017
£
£

Bank overdrafts
-
1,450

Trade creditors
-
300

Other taxation and social security
4,980
6,701

Other creditors
1,357
5,347

6,337
13,798


Page 4

 
RUSSELL SCOTT ENTERTAINMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

7.


Share capital

2018
2017
£
£
Allotted, called up and fully paid



125  Ordinary shares of £1.00 each
125
125


 
Page 5