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REGISTERED NUMBER: 08042312 (England and Wales)









ACCLAIM PRODUCTIONS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018






ACCLAIM PRODUCTIONS LTD (REGISTERED NUMBER: 08042312)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


ACCLAIM PRODUCTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DIRECTOR: Mr A P Lucas



REGISTERED OFFICE: 31 St John's
Worcester
Worcestershire
WR2 5AG



BUSINESS ADDRESS: 2 Field Terrace
Worcester
WR5 3BN



REGISTERED NUMBER: 08042312 (England and Wales)



ACCOUNTANTS: Gardiner Fosh
Chartered Accountants and Statutory Auditor
31 St John's
Worcester
Worcestershire
WR2 5AG



BANKERS: HSBC
6 Broad Street
Worcester
Worcestershire
WR1 2EJ

ACCLAIM PRODUCTIONS LTD (REGISTERED NUMBER: 08042312)

BALANCE SHEET
31 MARCH 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 - 2,000
Tangible assets 4 1,045 812
1,045 2,812

CURRENT ASSETS
Debtors 5 2,621 1,082
Cash at bank 6,032 2,677
8,653 3,759
CREDITORS
Amounts falling due within one year 6 8,013 5,156
NET CURRENT ASSETS/(LIABILITIES) 640 (1,397 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,685 1,415

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,684 1,414
SHAREHOLDERS' FUNDS 1,685 1,415

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 director on 13 November 2018 and were signed by:





Mr A P Lucas - Director


ACCLAIM PRODUCTIONS LTD (REGISTERED NUMBER: 08042312)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

1. STATUTORY INFORMATION

Acclaim Productions Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents the value of services provided under contracts to the extent that there is a right to consideration and
is recorded at the value of the consideration due. Where a contract has been only partially completed at the balance sheet
date, turnover represents the value of the service provided to date based on a proportion of the total expected
consideration at completion. Where payments are received from customers in advance of services provided, the amounts
are recorded as deferred income and included as part of creditors due within one year.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any
accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Studio equipment - 25% on cost
Computer equipment - 33% 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.

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2017
and 31 March 2018 10,000
AMORTISATION
At 1 April 2017 8,000
Amortisation for year 2,000
At 31 March 2018 10,000
NET BOOK VALUE
At 31 March 2018 -
At 31 March 2017 2,000

ACCLAIM PRODUCTIONS LTD (REGISTERED NUMBER: 08042312)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

4. TANGIBLE FIXED ASSETS
Studio Computer
equipment equipment Totals
£    £    £   
COST
At 1 April 2017 3,091 3,005 6,096
Additions 579 916 1,495
Disposals (701 ) (98 ) (799 )
At 31 March 2018 2,969 3,823 6,792
DEPRECIATION
At 1 April 2017 2,377 2,907 5,284
Charge for year 720 305 1,025
Eliminated on disposal (562 ) - (562 )
At 31 March 2018 2,535 3,212 5,747
NET BOOK VALUE
At 31 March 2018 434 611 1,045
At 31 March 2017 714 98 812

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 2,621 1,034
Other debtors - 48
2,621 1,082

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 345 -
Taxation and social security 9 319
Other creditors 7,659 4,837
8,013 5,156