Registered number
10633237
Castle Gate Films Ltd
Unaudited Filleted Accounts
28 February 2023
Castle Gate Films Ltd
Registered number: 10633237
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 9,936 2,993
Current assets
Debtors 4 10,310 11,995
Cash at bank and in hand 66,556 46,425
76,866 58,420
Creditors: amounts falling due within one year 5 (46,520) (45,184)
Net current assets 30,346 13,236
Total assets less current liabilities 40,282 16,229
Provisions for liabilities (1,888) (569)
Net assets 38,394 15,660
Capital and reserves
Called up share capital 3 3
Profit and loss account 38,391 15,657
Shareholder's funds 38,394 15,660
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S. Morley
Director
Approved by the board on 2 October 2023
Castle Gate Films Ltd
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
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 is measured at the fair value of the consideration received or receivable, net of discounts. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 3-4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities, other thank loans from the director, are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2022 25,320
Additions 14,281
Disposals (1,985)
At 28 February 2023 37,616
Depreciation
At 1 March 2022 22,327
Charge for the year 5,353
At 28 February 2023 27,680
Net book value
At 28 February 2023 9,936
At 28 February 2022 2,993
4 Debtors 2023 2022
£ £
Trade debtors 10,310 11,995
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 18,450 22,450
Taxation and social security costs 3,494 3,835
Other creditors 24,576 18,899
46,520 45,184
6 Controlling party
The company is controlled by the director.
7 Other information
Castle Gate Films Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Clearways Accountants
Clearways
Colley Way
Reigate
RH2 9JH
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