Syrup Films Limited
Unaudited Financial Statements
For the year ended 31 October 2022
Pages for Filing with Registrar
Company Registration No. 08723888 (England and Wales)
Syrup Films Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
Syrup Films Limited
Balance Sheet
As at 31 October 2022
Page 1
2022
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
3
13,218
28,692
Current assets
Debtors
4
182,058
206,090
Cash at bank and in hand
54,905
41,161
236,963
247,251
Creditors: amounts falling due within one year
5
(69,850)
(64,775)
Net current assets
167,113
182,476
Total assets less current liabilities
180,331
211,168
Creditors: amounts falling due after more than one year
6
(33,666)
(37,500)
Net assets
146,665
173,668
Capital and reserves
Called up share capital
7
1
1
Profit and loss reserves
146,664
173,667
Total equity
146,665
173,668

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

Syrup Films Limited
Balance Sheet (Continued)
As at 31 October 2022
Page 2
The financial statements were approved and signed by the director and authorised for issue on 3 October 2023
Mr Y M Demange
Director
Company Registration No. 08723888
Syrup Films Limited
Notes to the Financial Statements
For the year ended 31 October 2022
Page 3
1
Accounting policies
Company information

Syrup Films Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6th Floor, Charlotte Building, 17 Gresse Street, London, United Kingdom, W1T 1QL.

1.1
Accounting convention

These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

1.2
Going concern

These financial statements are prepared on the going concern basis. The profit after tax for the year was £12,997 (2021: £185,950). The net assets at the balance sheet date were £146,665 (2021: £173,668). The director has considered the impact that COVID-19 will have on the business and has reasonable expectation that the company will continue in operational existence for the foreseeable future. The director believes that the company will have sufficient funds to settle all of its liabilities as they fall due for at least 12 months from signing the accounts. true

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from contracts for the provision of services is recognised by reference to the stage of completion.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
25% straight line basis
Computer equipment
25% straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.

Syrup Films Limited
Notes to the Financial Statements (Continued)
For the year ended 31 October 2022
1
Accounting policies
(Continued)
Page 4
1.6
Financial instruments

The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 1 (20 21 - 1).

2022
2021
Number
Number
Total
1
1
Syrup Films Limited
Notes to the Financial Statements (Continued)
For the year ended 31 October 2022
Page 5
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2021
63,800
Additions
519
At 31 October 2022
64,319
Depreciation and impairment
At 1 November 2021
35,108
Depreciation charged in the year
15,993
At 31 October 2022
51,101
Carrying amount
At 31 October 2022
13,218
At 31 October 2021
28,692
4
Debtors
2022
2021
Amounts falling due within one year:
£
£
Trade debtors
-
0
11,361
Other debtors
182,058
-
Prepayments and accrued income
-
0
194,729
182,058
206,090
5
Creditors: amounts falling due within one year
2022
2021
£
£
Corporation tax
53,305
49,867
Other taxation and social security
2,378
187
Other creditors
11,667
12,221
Accruals and deferred income
2,500
2,500
69,850
64,775
Syrup Films Limited
Notes to the Financial Statements (Continued)
For the year ended 31 October 2022
Page 6
6
Creditors: amounts falling due after more than one year
2022
2021
£
£
Other creditors
33,666
37,500
7
Called up share capital
2022
2021
2022
2021
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1
1
1
1
8
Related party transactions

During the year the company paid dividends of £40,000 (2021: £60,000) to the director.

As at the year end, the company was owed an amount of £2 1,792 from (2021: £554 owed to) the director. This amount was paid within 3 months of the year end

9
Parent company

The ultimate controlling party us Y Demange by virtue of his majority shareholding.

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