Registered number
09011116
Movieglu Ltd
Filleted Accounts
30 April 2023
Movieglu Ltd
Registered number: 09011116
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 30,837 23,097
Current assets
Debtors 4 16,248 17,154
Cash at bank and in hand 54,531 54,096
70,779 71,250
Creditors: amounts falling due within one year 5 (23,327) (24,188)
Net current assets 47,452 47,062
Total assets less current liabilities 78,289 70,159
Provisions for liabilities (5,859) (4,389)
Net assets 72,430 65,770
Capital and reserves
Called up share capital 100 100
Profit and loss account 72,330 65,670
Shareholders' funds 72,430 65,770
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mr D Morgan
Director
Approved by the board on 12 October 2023
Movieglu Ltd
Notes to the Accounts
for the year ended 30 April 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 and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Plant and machinery over 3 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. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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 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. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
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 May 2022 204,870
Additions 36,814
At 30 April 2023 241,684
Depreciation
At 1 May 2022 181,773
Charge for the year 29,074
At 30 April 2023 210,847
Net book value
At 30 April 2023 30,837
At 30 April 2022 23,097
4 Debtors 2023 2022
£ £
Trade debtors 7,145 6,966
Other debtors 9,103 10,188
16,248 17,154
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 6,230 11,977
Other creditors 17,097 12,211
23,327 24,188
6 Related party transactions
During the year Movieglu Ltd was invoiced £41,266 (2022: £15,625) by Corixus Ltd.
Corixus Ltd is a company controlled by Mr D Morgan.

During the year Movieglu Ltd paid fees of £31,470 (2022: £27,142) to Mr S Morgan, a director of the company.

Included in other creditors is £312 (2022: £624) owed to Mr D Morgan.
7 Controlling party
The controlling party at the balance sheet date was Mr D Morgan.
8 Other information
Movieglu Ltd is a private company limited by shares and incorporated in England. Its registered office is:
32 High Street
Wendover
Bucks
HP22 6EA
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