Registered number
05888357
TVV Productions Limited
Unaudited Abbreviated Accounts
31 July 2015
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 2015
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 2015 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
13 April 2016
TVV Productions Limited
Registered number: 05888357
Abbreviated Balance Sheet
as at 31 July 2015
Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 6,000 12,000
Tangible assets 3 10,123 14,402
16,123 26,402
Current assets
Stocks 1,500 1,201
Debtors 10,045 5,820
Cash at bank and in hand 8,775 10,191
20,320 17,212
Creditors: amounts falling due within one year (20,880) (15,323)
Net current (liabilities)/assets (560) 1,889
Total assets less current liabilities 15,563 28,291
Provisions for liabilities (1,248) (1,994)
Net assets 14,315 26,297
Capital and reserves
Called up share capital 4 100 100
Profit and loss account 14,215 26,197
Shareholder's funds 14,315 26,297
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 13 April 2016
TVV Productions Limited
Notes to the Abbreviated Accounts
for the year ended 31 July 2015
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 April 2008).
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 2014 60,000
At 31 July 2015 60,000
Amortisation
At 1 August 2014 48,000
Provided during the year 6,000
At 31 July 2015 54,000
Net book value
At 31 July 2015 6,000
At 31 July 2014 12,000
3 Tangible fixed assets £
Cost
At 1 August 2014 67,681
Additions 592
At 31 July 2015 68,273
Depreciation
At 1 August 2014 53,279
Charge for the year 4,871
At 31 July 2015 58,150
Net book value
At 31 July 2015 10,123
At 31 July 2014 14,402
4 Share capital Nominal 2015 2015 2014
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
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