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Company Registration No. 13124130 (England and Wales)
FILM MASTERS LTD Unaudited accounts for the year ended 31 January 2023
FILM MASTERS LTD Unaudited accounts Contents
Page
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FILM MASTERS LTD Company Information for the year ended 31 January 2023
Director
Graham Paul Martin Collett
Company Number
13124130 (England and Wales)
Registered Office
37 GRESLEY CLOSE WELWYN GARDEN CITY AL8 7QA ENGLAND
Accountants
GEM Accountancy 1 Lemsford Village Welwyn Garden City Herts AL8 7TN
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FILM MASTERS LTD Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
16,029 
24,043 
Current assets
Debtors
6 
3,582 
Cash at bank and in hand
7,400 
2,045 
7,406 
5,627 
Creditors: amounts falling due within one year
(25,860)
(28,149)
Net current liabilities
(18,454)
(22,522)
Net (liabilities)/assets
(2,425)
1,521 
Capital and reserves
Called up share capital
6 
6 
Profit and loss account
(2,431)
1,515 
Shareholders' funds
(2,425)
1,521 
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 October 2023 and were signed on its behalf by
Graham Paul Martin Collett Director Company Registration No. 13124130
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FILM MASTERS LTD Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
FILM MASTERS LTD is a private company, limited by shares, registered in England and Wales, registration number 13124130. The registered office is 37 GRESLEY CLOSE, WELWYN GARDEN CITY, AL8 7QA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 February 2022
31,391 
At 31 January 2023
31,391 
Depreciation
At 1 February 2022
7,348 
Charge for the year
8,014 
At 31 January 2023
15,362 
Net book value
At 31 January 2023
16,029 
At 31 January 2022
24,043 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Trade debtors
- 
3,576 
Other debtors
6 
6 
6 
3,582 
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FILM MASTERS LTD Notes to the Accounts for the year ended 31 January 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
1,827 
2,052 
Trade creditors
- 
1,200 
Other creditors
3,475 
23,975 
Loans from directors
193 
557 
Accruals
365 
365 
Deferred income
20,000 
- 
25,860 
28,149 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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