Abbreviated Company Accounts - BABY COW PRODUCTIONS LIMITED

BABY COW PRODUCTIONS LIMITED Registered Number 03851811

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	33,277	44,368
Investments	3	6	6
		33,283	44,374
Current assets
Debtors		1,205,640	1,507,331
Cash at bank and in hand		991,885	1,031,254
		2,197,525	2,538,585
Creditors: amounts falling due within one year		(798,389)	(758,547)
Net current assets (liabilities)		1,399,136	1,780,038
Total assets less current liabilities		1,432,419	1,824,412
Total net assets (liabilities)		1,432,419	1,824,412
Capital and reserves
Called up share capital		90	90
Share premium account		199,912	199,912
Profit and loss account		1,232,417	1,624,410
Shareholders' funds		1,432,419	1,824,412

For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 April 2014

And signed on their behalf by:
P Carroll, Director
S Coogan, Director

BABY COW PRODUCTIONS LIMITED Registered Number 03851811

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover is recognised at the fair value of consideration received or receivable for services provided in the ordinary nature of the business. Turnover is shown net of VAT.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Office equipment - 25% reducing balance basis
Fixtures & fittings - 25% reducing balance basis

Other accounting policies
Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

Deferred taxation

Deferred taxation is provided at appropriate rates on all timing differences using the liability method only to the extent that, in the opinion of the directors, there is a reasonable probability that a liability or asset will crystallise in the foreseeable future.

Group Accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertakings comprise a small sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

Debtors

Inluded in debtors at 31st March 2014 is a balance of £50,000 (2013: Nil) due from Baby Cow Films Limited, a balance of £11,141 (2013: £10,126) due from Comedy Republic Limited, a balance of £150,000 (2013: £150,000) due from Baby Cow Animation Limited and a balance of £445,312 (2013: Nil) due from Moone Boy (UK) Limited.

Creditors: amounts falling due within one year

Included in creditors at 31st March 2014 is a balance of £4,009 due to Peter Carroll (2013: £1,390 due from Peter Carroll) and a balance of £43,549 due to S. Coogan (2013: £12,649).

2Tangible fixed assets

	£
Cost
At 1 April 2013	156,024
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	156,024
Depreciation
At 1 April 2013	111,656
Charge for the year	11,091
On disposals	-
At 31 March 2014	122,747
Net book values
At 31 March 2014	33,277
At 31 March 2013	44,368

3Fixed assets Investments
£
Cost at 1st April 2013 and 31st March 214 6

Depreciation -

Net book value
at 31 March 2014 6
at 31 March 2013 6