REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD |
18 NOVEMBER 2020 TO 31 DECEMBER 2021 |
FOR |
ERG FILMS LTD |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD |
18 NOVEMBER 2020 TO 31 DECEMBER 2021 |
FOR |
ERG FILMS LTD |
ERG FILMS LTD (REGISTERED NUMBER: 13029403) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 18 NOVEMBER 2020 TO 31 DECEMBER 2021 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
ERG FILMS LTD |
COMPANY INFORMATION |
FOR THE PERIOD 18 NOVEMBER 2020 TO 31 DECEMBER 2021 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Edenthorpe |
Grove Road |
Rotherham |
South Yorkshire |
S60 2ER |
ERG FILMS LTD (REGISTERED NUMBER: 13029403) |
STATEMENT OF FINANCIAL POSITION |
31 DECEMBER 2021 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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 financial statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
ERG FILMS LTD (REGISTERED NUMBER: 13029403) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 18 NOVEMBER 2020 TO 31 DECEMBER 2021 |
1. | STATUTORY INFORMATION |
Erg Films Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Goodwill |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
Additions |
At 31 December 2021 |
AMORTISATION |
Charge for period |
At 31 December 2021 |
NET BOOK VALUE |
At 31 December 2021 |
ERG FILMS LTD (REGISTERED NUMBER: 13029403) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 18 NOVEMBER 2020 TO 31 DECEMBER 2021 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Taxation and social security |
Other creditors |