Registered number
05888357
TVV Productions Limited
Unaudited Abbreviated Accounts
31 July 2016
TVV Productions Limited
Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of TVV Productions Limited for the year ended 31 July 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of TVV Productions Limited for the year ended 31 July 2016 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook.
This report is made solely to the Board of Directors of TVV Productions Limited, as a body, in accordance with the terms of our engagement letter dated 24 March 2010. Our work has been undertaken solely to prepare for your approval the accounts of TVV Productions Limited and state those matters that we have agreed to state to the Board of Directors of TVV Productions Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TVV Productions Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that TVV Productions Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of TVV Productions Limited. You consider that TVV Productions Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of TVV Productions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the abbreviated accounts.
Laverick Walton & Co
Chartered Accountants
A1 Marquis Court
Team Valley
Gateshead
Tyne & Wear
NE11 0RU
28 April 2017
TVV Productions Limited
Registered number: 05888357
Abbreviated Balance Sheet
as at 31 July 2016
Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 - 6,000
Tangible assets 3 27,727 10,123
27,727 16,123
Current assets
Stocks 1,600 1,500
Debtors 23,499 10,045
Cash at bank and in hand 15,842 8,775
40,941 20,320
Creditors: amounts falling due within one year (31,707) (20,880)
Net current assets/(liabilities) 9,234 (560)
Total assets less current liabilities 36,961 15,563
Creditors: amounts falling due after more than one year (7,083) -
Provisions for liabilities (4,908) (1,248)
Net assets 24,970 14,315
Capital and reserves
Called up share capital 4 100 100
Profit and loss account 24,870 14,215
Shareholder's funds 24,970 14,315
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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 in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Mr C Gillooly
Director
Approved by the board on 28 April 2017
TVV Productions Limited
Notes to the Abbreviated Accounts
for the year ended 31 July 2016
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Office equipment 25% reducing balance
Multimedia equipment 20% straight line
Stocks
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
2 Intangible fixed assets £
Cost
At 1 August 2015 60,000
At 31 July 2016 60,000
Amortisation
At 1 August 2015 54,000
Provided during the year 6,000
At 31 July 2016 60,000
Net book value
At 31 July 2016 -
At 31 July 2015 6,000
3 Tangible fixed assets £
Cost
At 1 August 2015 68,273
Additions 26,433
At 31 July 2016 94,706
Depreciation
At 1 August 2015 58,150
Charge for the year 8,829
At 31 July 2016 66,979
Net book value
At 31 July 2016 27,727
At 31 July 2015 10,123
4 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
TVV Productions Limited 05888357 false true 2015-08-01 2016-07-31 2016-07-31 Mr C Gillooly 05888357 uk-bus:OrdinaryShareClass1 2015-07-31 05888357 2015-08-01 2016-07-31 05888357 uk-bus:Director40 2015-08-01 2016-07-31 05888357 uk-gaap:PlantMachinery 2015-08-01 2016-07-31 05888357 uk-gaap:MotorVehicles 2015-08-01 2016-07-31 05888357 uk-bus:OrdinaryShareClass1 2015-08-01 2016-07-31 05888357 2016-07-31 05888357 uk-bus:OrdinaryShareClass1 2016-07-31 05888357 2015-07-31 iso4217:GBP xbrli:shares