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Company Registration No. 07887138 (England and Wales)
Moviemania Limited Unaudited accounts for the year ended 31 March 2017
Moviemania Limited Unaudited accounts Contents
Page
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Moviemania Limited Company Information for the year ended 31 March 2017
Directors
Oliver Cripps Peter Cripps
Company Number
07887138 (England and Wales)
Registered Office
1 GENOA CLOSE LITTLEHAMPTON WEST SUSSEX BN17 6SE
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Moviemania Limited Statement of financial position as at 31 March 2017
2017 
2016 
Notes
£ 
£ 
Fixed assets
Intangible assets
9,667 
11,667 
Tangible assets
5,984 
9,166 
15,651 
20,833 
Current assets
Inventories
26,833 
43,927 
Debtors
7,260 
6,468 
Cash at bank and in hand
5,758 
10,921 
39,851 
61,316 
Creditors: amounts falling due within one year
(30,972)
(31,421)
Net current assets
8,879 
29,895 
Net assets
24,530 
50,728 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
24,520 
50,718 
Shareholders' funds
24,530 
50,728 
For the year ending 31 March 2017 the company was entitled to exemption from audit 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 and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 26 September 2017.
Oliver Cripps Director Company Registration No. 07887138
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Moviemania Limited Notes to the Accounts for the year ended 31 March 2017
1
Statutory information
Moviemania Limited is a private company, limited by shares, registered in England and Wales, registration number 07887138. The registered office and principal place of business is 1 GENOA CLOSE, LITTLEHAMPTON, WEST SUSSEX, BN17 6SE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Revenue
Revenue, described as turnover is the value of service and goods, net of VAT and discounts, provided to customers during the year.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33.3% per annum reducing balance
Fixtures & fittings
33.3% per annum reducing balance
Other tangible fixed assets
33.3% per annum straight line
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving
Leased assets
Rentals applicable to operating leases where substantially all of the benefits of risk of ownership remain with the lessor are charged to the profit and loss account as incurred.
Intangible fixed assets
Goodwill is amortised on a straight line basis over its estimated useful economic life of 10 years.
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Moviemania Limited Notes to the Accounts for the year ended 31 March 2017
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2016
20,000 
At 31 March 2017
20,000 
Amortisation
At 1 April 2016
8,333 
Charge for the year
2,000 
At 31 March 2017
10,333 
Net book value
At 31 March 2017
9,667 
At 31 March 2016
11,667 
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2016
13,372 
13,221 
26,593 
At 31 March 2017
13,372 
13,221 
26,593 
Depreciation
At 1 April 2016
8,826 
8,601 
17,427 
Charge for the year
1,657 
1,525 
3,182 
At 31 March 2017
10,483 
10,126 
20,609 
Net book value
At 31 March 2017
2,889 
3,095 
5,984 
At 31 March 2016
4,546 
4,620 
9,166 
6
Inventories
2017 
2016 
£ 
£ 
Finished goods
26,833 
43,927 
26,833 
43,927 
7
Debtors
2017 
2016 
£ 
£ 
Trade debtors
510 
527 
Other debtors
6,750 
5,941 
7,260 
6,468 
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Moviemania Limited Notes to the Accounts for the year ended 31 March 2017
8
Creditors: amounts falling due within one year
2017 
2016 
£ 
£ 
Trade creditors
10,662 
4,034 
Taxes and social security
3,740 
11,218 
Other creditors
3,959 
3,949 
Loans from directors
12,611 
12,220 
30,972 
31,421 
9
Share capital
2017 
2016 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
10 
10
Average number of employees
During the year the average number of employees was 5 (2016: 5).
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