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Company Registration No. 12453153 (England and Wales)
CNIC Films Limited Unaudited accounts for the year ended 28 February 2023
CNIC Films Limited Unaudited accounts Contents
Page
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CNIC Films Limited Company Information for the year ended 28 February 2023
Director
Christopher Nicholas
Company Number
12453153 (England and Wales)
Registered Office
CNIC Films Ltd The Old Bakery, The Street Bearsted, Maidstone Kent ME14 4EW United Kingdom
Accountants
Rustrick Accountants Limited 380A New Hythe lane Larkfield Maidstone Kent ME20 6RZ
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CNIC Films Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
18,459 
15,637 
Current assets
Cash at bank and in hand
794 
44 
Creditors: amounts falling due within one year
(18,896)
(17,013)
Net current liabilities
(18,102)
(16,969)
Net assets/(liabilities)
357 
(1,332)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
356 
(1,333)
Shareholders' funds
357 
(1,332)
For the year ending 28 February 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 31 March 2023 and were signed on its behalf by
Christopher Nicholas Director Company Registration No. 12453153
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CNIC Films Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
CNIC Films Limited is a private company, limited by shares, registered in England and Wales, registration number 12453153. The registered office is CNIC Films Ltd, The Old Bakery, The Street, Bearsted, Maidstone, Kent, ME14 4EW, United Kingdom.
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
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Computer equipment
20% Reducing Balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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CNIC Films Limited Notes to the Accounts for the year ended 28 February 2023
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2022
262 
- 
24,055 
24,317 
Additions
- 
45 
13,684 
13,729 
Disposals
- 
- 
(9,831)
(9,831)
At 28 February 2023
262 
45 
27,908 
28,215 
Depreciation
At 1 March 2022
52 
- 
8,628 
8,680 
Charge for the year
42 
9 
4,564 
4,615 
On disposals
- 
- 
(3,539)
(3,539)
At 28 February 2023
94 
9 
9,653 
9,756 
Net book value
At 28 February 2023
168 
36 
18,255 
18,459 
At 28 February 2022
210 
- 
15,427 
15,637 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
15,000 
- 
Loans from directors
3,096 
16,213 
Accruals
800 
800 
18,896 
17,013 
6
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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