Timeless Films Limited
Abbreviated accounts
31 August 2013
MGR Weston Kay LLP
Chartered Accountants
55 Loudoun Road
St John's Wood
London NW8 0DL
Company Registration No. 06914698
(England and Wales)
Timeless Films Limited
Abbreviated accounts
For the year ended 31 August 2013
Contents
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
Timeless Films Limited
Abbreviated balance sheet
As at 31 August 2013
- 1 -
2013
2012
Notes
£
£
£
£
Fixed assets
Tangible assets
2
6,646 
8,524 
Current assets
Debtors
216,716 
150,375 
Cash at bank and in hand
55,039 
31,399 
271,755 
181,774 
Creditors: amounts falling due within one year
(875,214)
(159,316)
Net current (liabilities)/assets
(603,459)
22,458 
Total assets less current liabilities
(596,813)
30,982 
Capital and reserves
Called up share capital
3
Profit and loss account
(596,815)
30,980 
Shareholders' funds
(596,813)
30,982 
For the financial year ended 31 August 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit of these financial statements in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the 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 accounts, so far as applicable to the company.
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the Board for issue on 29 May 2014
R M Kamp
Director
Company Registration No. 06914698
Timeless Films Limited
Notes to the abbreviated accounts
For the year ended 31 August 2013
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
The company recorded a loss of £627,795 (2012: a profit of £32,152) for the year and had net liabilities of £596,813 (2012: net assets of £30,982) at the year end.

The company meets its day-to-day working capital requirements due to the directors' undertaking to the principle creditor. The directors are satisfied that they can continue to finance the business in this manner. Accordingly, the directors consider it appropriate to prepare these financial statements on a going concern basis.

The financial statements do not include any adjustments that would result from a withdrawal of the support of the directors.
1.2
Turnover
Turnover represents amounts receivable for services net of VAT.
1.3
Tangible fixed assets and depreciation
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:
Fixtures, fittings & equipment
25% reducing balance
1.4
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
2
Fixed assets
Tangible assets
£
Cost
At 1 September 2012
14,476 
Additions
337 
At 31 August 2013
14,813 
Depreciation
At 1 September 2012
5,952 
Charge for the year
2,215 
At 31 August 2013
8,167 
Net book value
At 31 August 2013
6,646 
At 31 August 2012
8,524 
Timeless Films Limited
Notes to the abbreviated accounts
For the year ended 31 August 2013
- 3 -
3
Share capital
2013
2012
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
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