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REGISTERED NUMBER: 06974846 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

TONIC FILMS LIMITED

TONIC FILMS LIMITED (REGISTERED NUMBER: 06974846)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TONIC FILMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTOR: Miss E Conboy





REGISTERED OFFICE: 4 Prince Albert Road
London
NW1 7SN





REGISTERED NUMBER: 06974846 (England and Wales)





ACCOUNTANTS: Scodie Deyong LLP
Chartered Accountants
4 Prince Albert Road
London
NW1 7SN

TONIC FILMS LIMITED (REGISTERED NUMBER: 06974846)

BALANCE SHEET
31 MARCH 2022

31.3.22 31.3.21
Notes £    £   
FIXED ASSETS
Tangible assets 4 207 276

CURRENT ASSETS
Cash at bank 163,766 158,649

CREDITORS
Amounts falling due within one year 5 (113,945 ) (102,193 )
NET CURRENT ASSETS 49,821 56,456
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,028

56,732

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 49,928 56,632
SHAREHOLDERS' FUNDS 50,028 56,732

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 August 2022 and were signed by:





Miss E Conboy - Director


TONIC FILMS LIMITED (REGISTERED NUMBER: 06974846)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022


1. STATUTORY INFORMATION

Tonic Films Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sale of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year 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 balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2021
and 31 March 2022 1,555
DEPRECIATION
At 1 April 2021 1,279
Charge for year 69
At 31 March 2022 1,348
NET BOOK VALUE
At 31 March 2022 207
At 31 March 2021 276

TONIC FILMS LIMITED (REGISTERED NUMBER: 06974846)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Taxation and social security 6,939 4,004
Other creditors 107,006 98,189
113,945 102,193

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.22 31.3.21
value: £    £   
100 Ordinary £1 100 100