Gareth Wingrove Special Effects Limited 09488609 false 2022-03-31 2023-03-30 2023-03-30 The principal activity of the company is that of providing motion picture production activities. Digita Accounts Production Advanced 6.30.9574.0 true 09488609 2022-03-31 2023-03-30 09488609 2023-03-30 09488609 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-03-30 09488609 core:RetainedEarningsAccumulatedLosses 2023-03-30 09488609 core:ShareCapital 2023-03-30 09488609 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-30 09488609 core:FurnitureFittings 2023-03-30 09488609 core:OfficeEquipment 2023-03-30 09488609 core:PlantMachinery 2023-03-30 09488609 bus:SmallEntities 2022-03-31 2023-03-30 09488609 bus:AuditExemptWithAccountantsReport 2022-03-31 2023-03-30 09488609 bus:AbridgedAccounts 2022-03-31 2023-03-30 09488609 bus:SmallCompaniesRegimeForAccounts 2022-03-31 2023-03-30 09488609 bus:RegisteredOffice 2022-03-31 2023-03-30 09488609 bus:Director1 2022-03-31 2023-03-30 09488609 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-03-31 2023-03-30 09488609 bus:PrivateLimitedCompanyLtd 2022-03-31 2023-03-30 09488609 core:FurnitureFittings 2022-03-31 2023-03-30 09488609 core:OfficeEquipment 2022-03-31 2023-03-30 09488609 core:PlantMachinery 2022-03-31 2023-03-30 09488609 countries:AllCountries 2022-03-31 2023-03-30 09488609 2022-03-30 09488609 core:FurnitureFittings 2022-03-30 09488609 core:OfficeEquipment 2022-03-30 09488609 core:PlantMachinery 2022-03-30 09488609 2021-03-31 2022-03-30 09488609 2022-03-30 09488609 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-03-30 09488609 core:RetainedEarningsAccumulatedLosses 2022-03-30 09488609 core:ShareCapital 2022-03-30 09488609 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-30 09488609 core:FurnitureFittings 2022-03-30 09488609 core:OfficeEquipment 2022-03-30 09488609 core:PlantMachinery 2022-03-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09488609

Gareth Wingrove Special Effects Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 30 March 2023

 

Gareth Wingrove Special Effects Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

Gareth Wingrove Special Effects Limited

Company Information

Director

G Wingrove

Registered office

Suite 1B1 Argyle House
Northside
Joel Street
Northwood Hills
HA6 1NW

Accountants

Ross + Partners
Chartered Certified Accountants
Suite 1B1 Argyle House
Northside
Joel Street
Northwood Hills
HA6 1NW

 

Gareth Wingrove Special Effects Limited

(Registration number: 09488609)
Abridged Balance Sheet as at 30 March 2023

Note

2023
£

2022
£

fixed assets

 

tangible assets

3

65,879

49,660

Current assets

 

Debtors

48,575

1,700

Cash at bank and in hand

 

17,124

2,156

 

65,699

3,856

Creditors: Amounts falling due within one year

(118,118)

(28,744)

Net current liabilities

 

(52,419)

(24,888)

Total assets less current liabilities

 

13,460

24,772

Provisions for liabilities

(12,517)

(9,436)

Net assets

 

943

15,336

capital and reserves

 

Called up share capital

1

1

Profit and loss account

942

15,335

Shareholders' funds

 

943

15,336

For the financial year ending 30 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 27 October 2023
 

 

Gareth Wingrove Special Effects Limited

(Registration number: 09488609)
Abridged Balance Sheet as at 30 March 2023

.........................................
G Wingrove
Director

 

Gareth Wingrove Special Effects Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 March 2023

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

 

Gareth Wingrove Special Effects Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 March 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Furniture and fittings

25% reducing balance

Office Equipment

33.3% Straight line basis

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Gareth Wingrove Special Effects Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 March 2023

3

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 31 March 2022

2,200

142,756

237

145,193

Additions

-

38,231

-

38,231

At 30 March 2023

2,200

180,987

237

183,424

Depreciation

At 31 March 2022

1,088

94,366

79

95,533

Charge for the year

278

21,655

79

22,012

At 30 March 2023

1,366

116,021

158

117,545

Carrying amount

At 30 March 2023

834

64,966

79

65,879

At 30 March 2022

1,112

48,390

158

49,660

4

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Shares of £1 each

1

1

1

1