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REGISTERED NUMBER: 09981195 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

HELMET FILMS LIMITED

HELMET FILMS LIMITED (REGISTERED NUMBER: 09981195)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HELMET FILMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: Mr M J R A Barron





REGISTERED OFFICE: Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES





REGISTERED NUMBER: 09981195 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

HELMET FILMS LIMITED (REGISTERED NUMBER: 09981195)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 5,256 5,854
Investments 6 34,501 1
39,757 5,855

CURRENT ASSETS
Debtors 7 176,151 139,103
Cash at bank 301,925 332,157
478,076 471,260
CREDITORS
Amounts falling due within one year 8 31,735 79,644
NET CURRENT ASSETS 446,341 391,616
TOTAL ASSETS LESS CURRENT
LIABILITIES

486,098

397,471

PROVISIONS FOR LIABILITIES 9 433 546
NET ASSETS 485,665 396,925

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 485,565 396,825
SHAREHOLDERS' FUNDS 485,665 396,925

HELMET FILMS LIMITED (REGISTERED NUMBER: 09981195)

STATEMENT OF FINANCIAL POSITION - continued
28 FEBRUARY 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 October 2023 and were signed by:





Mr M J R A Barron - Director


HELMET FILMS LIMITED (REGISTERED NUMBER: 09981195)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Helmet Films Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - Straight line over 3 years

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

HELMET FILMS LIMITED (REGISTERED NUMBER: 09981195)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 March 2022
and 28 February 2023 10,600
Amortisation
At 1 March 2022
and 28 February 2023 10,600
Net book value
At 28 February 2023 -
At 28 February 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
Cost
At 1 March 2022 8,129 7,863 8,445 24,437
Additions - - 1,363 1,363
At 28 February 2023 8,129 7,863 9,808 25,800
Depreciation
At 1 March 2022 6,642 5,997 5,944 18,583
Charge for year 372 466 1,123 1,961
At 28 February 2023 7,014 6,463 7,067 20,544
Net book value
At 28 February 2023 1,115 1,400 2,741 5,256
At 28 February 2022 1,487 1,866 2,501 5,854

HELMET FILMS LIMITED (REGISTERED NUMBER: 09981195)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


6. FIXED ASSET INVESTMENTS
Interest
Shares in in other
group participating
undertakings interests Totals
£    £    £   
Cost
At 1 March 2022 1 - 1
Additions - 34,500 34,500
At 28 February 2023 1 34,500 34,501
Net book value
At 28 February 2023 1 34,500 34,501
At 28 February 2022 1 - 1

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 42,409 5,854
Amounts owed by group undertakings 133,742 133,249
176,151 139,103

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 28,513 35,505
Other creditors 3,222 44,139
31,735 79,644

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 433 546

Deferred
tax
£   
Balance at 1 March 2022 546
Provided during year (113 )
Balance at 28 February 2023 433

HELMET FILMS LIMITED (REGISTERED NUMBER: 09981195)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100