Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-302022-05-01falseThe principal activity of the company is that of film location management.11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09564038 2022-05-01 2023-04-30 09564038 2021-05-01 2022-04-30 09564038 2023-04-30 09564038 2022-04-30 09564038 c:Director1 2022-05-01 2023-04-30 09564038 d:OfficeEquipment 2022-05-01 2023-04-30 09564038 d:OfficeEquipment 2023-04-30 09564038 d:OfficeEquipment 2022-04-30 09564038 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 09564038 d:CurrentFinancialInstruments 2023-04-30 09564038 d:CurrentFinancialInstruments 2022-04-30 09564038 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 09564038 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 09564038 d:ShareCapital 2023-04-30 09564038 d:ShareCapital 2022-04-30 09564038 d:RetainedEarningsAccumulatedLosses 2023-04-30 09564038 d:RetainedEarningsAccumulatedLosses 2022-04-30 09564038 c:OrdinaryShareClass1 2022-05-01 2023-04-30 09564038 c:OrdinaryShareClass1 2023-04-30 09564038 c:FRS102 2022-05-01 2023-04-30 09564038 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 09564038 c:FullAccounts 2022-05-01 2023-04-30 09564038 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 09564038 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 09564038 d:AcceleratedTaxDepreciationDeferredTax 2022-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 09564038














SK FILMS LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

 
SK FILMS LTD
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 6


 
SK FILMS LTD
REGISTERED NUMBER:09564038

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
445
593

Current assets
  

Debtors: amounts falling due within one year
 5 
-
4,779

Cash at bank and in hand
  
18,620
30,883

  
18,620
35,662

  

Creditors: amounts falling due within one year
 6 
(10,991)
(18,836)

Net current assets
  
 
 
7,629
 
 
16,826

Total assets less current liabilities
  
8,074
17,419

Provisions for liabilities
  

Deferred tax
 7 
(84)
(112)

Net assets
  
7,990
17,307


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
7,890
17,207

  
7,990
17,307


Page 1

 
SK FILMS LTD
REGISTERED NUMBER:09564038
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 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 her 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 by: 




S K Lewis
Director

Date: 2 November 2023

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

Page 2

 
SK FILMS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


General information

SK Films Ltd is a limited liability company incorporated in England and Wales with its registered office at  33 Sandringham Avenue, London, SW20 8JY.

The principal activity of the company is that of film location management.

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

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied during the period, exclusive of Value Added Tax and trade discounts.

 
2.3

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 provided on the following basis:

Office equipment
-
25%
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 the Statement of Comprehensive Income.

 
2.4

Debtors

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

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

 
2.6

Creditors

Short term creditors are measured at the transaction price.

Page 3

 
SK FILMS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

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

Page 4

 
SK FILMS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 May 2022
3,898



At 30 April 2023

3,898



Depreciation


At 1 May 2022
3,305


Charge for the year on owned assets
148



At 30 April 2023

3,453



Net book value



At 30 April 2023
445



At 30 April 2022
593


5.


Debtors

2023
2022
£
£


Trade debtors
-
2,028

Prepayments and accrued income
-
2,751

-
4,779



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
2,280
-

Taxation
4,830
16,217

Other creditors
805
719

Accruals and deferred income
3,076
1,900

10,991
18,836


Page 5

 
SK FILMS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

7.


Deferred taxation




2023


£






At beginning of year
(112)


Charged to profit or loss
28



At end of year
(84)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(85)
(112)


8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1 each
100
100


 
Page 6