Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-31No description of principal activity1The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-02-01false1truetrue 03549317 2022-02-01 2023-01-31 03549317 2021-02-01 2022-01-31 03549317 2023-01-31 03549317 2022-01-31 03549317 c:Director1 2022-02-01 2023-01-31 03549317 d:MotorVehicles 2022-02-01 2023-01-31 03549317 d:FurnitureFittings 2022-02-01 2023-01-31 03549317 d:OtherPropertyPlantEquipment 2023-01-31 03549317 d:OtherPropertyPlantEquipment 2022-01-31 03549317 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 03549317 d:CurrentFinancialInstruments 2023-01-31 03549317 d:CurrentFinancialInstruments 2022-01-31 03549317 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 03549317 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 03549317 d:ShareCapital 2023-01-31 03549317 d:ShareCapital 2022-01-31 03549317 d:CapitalRedemptionReserve 2023-01-31 03549317 d:CapitalRedemptionReserve 2022-01-31 03549317 d:RetainedEarningsAccumulatedLosses 2023-01-31 03549317 d:RetainedEarningsAccumulatedLosses 2022-01-31 03549317 c:FRS102 2022-02-01 2023-01-31 03549317 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 03549317 c:FullAccounts 2022-02-01 2023-01-31 03549317 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 03549317 d:AcceleratedTaxDepreciationDeferredTax 2023-01-31 03549317 d:AcceleratedTaxDepreciationDeferredTax 2022-01-31 iso4217:GBP xbrli:pure

Registered number: 03549317









YIPP FILMS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2023

 
YIPP FILMS LIMITED
REGISTERED NUMBER: 03549317

BALANCE SHEET
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,020
2,415

Current assets
  

Debtors: amounts falling due within one year
 5 
291
228

Cash at bank and in hand
  
224
310

  
515
538

Creditors: amounts falling due within one year
 6 
(24,455)
(22,405)

Net current liabilities
  
 
 
(23,940)
 
 
(21,867)

Total assets less current liabilities
  
(21,920)
(19,452)

Provisions for liabilities
  

Deferred tax
 7 
(344)
(411)

Net liabilities
  
(22,264)
(19,863)


Capital and reserves
  

Called up share capital 
  
140
140

Capital redemption reserve
  
60
60

Profit and loss account
  
(22,464)
(20,063)

  
(22,264)
(19,863)

Page 1

 
YIPP FILMS LIMITED
REGISTERED NUMBER: 03549317
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2023

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 October 2023.




P Collerton
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
YIPP FILMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

Yipp Films Limited is a private company limited by shares and registered in England & Wales. The address of its registered office is 30 Osborne Avenue, Newcastle Upon Tyne, Tyne & Wear, NE2 1JR.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the reporting date the company had net liabilities of £22,264 (2022: £19,863). The director has taken steps to ensure that the company will continue to receive financial support from its creditors  for the foreseeable future so that it can discharge its debts as they fall due within the next 12 months.  Therefore the director believes it is appropriate that the accounts are prepared on a going concern basis.

 
2.3

Revenue

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.
Advances received for funding of productions less production costs expended at the reporting date are carried forward until the production has been completed. Profit on the production is not fully taken until the production has been completed when the final costs of production have been agreed and over or under spent costs can be dealt with.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance
Fixtures & fittings
-
15%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
YIPP FILMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.5

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.7

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans from related parties.

 
2.8

Creditors

Short term creditors are measured at the transaction price.

 
2.9

Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the balance sheet.

 
2.10

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 4

 
YIPP FILMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

4.


Tangible fixed assets





Other fixed assets

£



Cost


At 1 February 2022
35,354



At 31 January 2023

35,354



Depreciation


At 1 February 2022
32,939


Charge for the year on owned assets
395



At 31 January 2023

33,334



Net book value



At 31 January 2023
2,020



At 31 January 2022
2,415


5.


Debtors

2023
2022
£
£


Trade debtors
-
215

Other debtors
291
13

291
228



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
  
22,455
18,805

Accruals
  
2,000
3,600

  
24,455
22,405


Page 5

 
YIPP FILMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

7.


Deferred taxation




2023


£






At beginning of year
(411)


Credit to profit or loss
67



At end of year
(344)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(344)
(411)

(344)
(411)


8.


Controlling party

The company was under the control of P Collerton throughout the period.

 
Page 6