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Registered Number: 11735906
England and Wales

 

 

 

WHITE LABEL FILMS LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2021

End date: 31 December 2021
Directors Christian Lobo
Georgina Kate Lobo
Registered Number 11735906
Registered Office Whitewood
Whitehouse Road
Bayleys Hill
TN14 6HS
Accountants Worth Knowing Accountants Ltd
S14, 22-25 Portman Close

London
W1H 6BS
1
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 December 2021 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Worth Knowing Accountants Ltd
31 December 2021



....................................................
Worth Knowing Accountants Ltd
S14, 22-25 Portman Close

London
W1H 6BS
15 August 2022
2
 
 
Notes
 
2021
£
  2020
£
Fixed assets      
Tangible fixed assets 3 1,089    90 
1,089    90 
Current assets      
Debtors 4 37,402    572 
Cash at bank and in hand 44,614    73,557 
82,016    74,129 
Creditors: amount falling due within one year 5 (23,411)   (15,099)
Net current assets 58,605    59,030 
 
Total assets less current liabilities 59,694    59,120 
Provisions for liabilities 6 (207)   (17)
Net assets 59,487    59,103 
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account 59,486    59,102 
Shareholder's funds 59,487    59,103 
 


For the year ended 31 December 2021 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 15 August 2022 and were signed on its behalf by:


--------------------------------
Christian Lobo
Director
3
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 January 2020 1  7,483  7,484 
Profit for the year 51,619  51,619 
Total comprehensive income for the year 51,619  51,619 
Total investments by and distributions to owners
At 31 December 2020 1  59,102  59,103 
At 01 January 2021 1  59,102  59,103 
Profit for the year 9,384  9,384 
Total comprehensive income for the year 9,384  9,384 
Dividends (9,000) (9,000)
Total investments by and distributions to owners (9,000) (9,000)
At 31 December 2021 1  59,486  59,487 
4
General Information
White Label Films Ltd is a private company, limited by shares, registered in England and Wales, registration number 11735906, registration address Whitewood, Whitehouse Road, Bayleys Hill, TN14 6HS.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 2 (2020 : 2).
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Fixtures and Fittings   Total
  £   £   £
At 01 January 2021 120      120 
Additions   1,361    1,361 
Disposals    
At 31 December 2021 120    1,361    1,481 
Depreciation
At 01 January 2021 30      30 
Charge for year 22    340    362 
On disposals    
At 31 December 2021 52    340    392 
Net book values
Closing balance as at 31 December 2021 68    1,021    1,089 
Opening balance as at 01 January 2021 90      90 


4.

Debtors: amounts falling due within one year

2021
£
  2020
£
Trade Debtors 8,310   
Prepayments & Accrued Income 578    572 
Other Debtors 28,514   
37,402    572 

5.

Creditors: amount falling due within one year

2021
£
  2020
£
Trade Creditors   (1)
Corporation Tax 4,007    3,377 
PAYE & Social Security 16,969   
Accrued Expenses 750    750 
Directors' Current Accounts 140    8,675 
VAT 1,545    2,298 
23,411    15,099 

6.

Provisions for liabilities

2021
£
  2020
£
Deferred Tax 207    17 
207    17 

5