Registered number
08409601
CAMOUFLAGE FILMS LIMITED
Filleted Accounts
28 February 2023
CAMOUFLAGE FILMS LIMITED
Registered number: 08409601
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 31,151 29,651
Current assets
Debtors 4 20,840 12,268
Cash at bank and in hand 116,689 166,059
137,529 178,327
Creditors: amounts falling due within one year 5 (75,763) (125,769)
Net current assets 61,766 52,558
Net assets 92,917 82,209
Capital and reserves
Called up share capital 2 2
Profit and loss account 92,915 82,207
Shareholders' funds 92,917 82,209
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Stephen Dorrett
Director
Approved by the board on 19 October 2023
CAMOUFLAGE FILMS LIMITED
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Buildings Zero
Fixtures, fittings, tools and equipment over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 March 2022 28,850 9,242 38,092
Additions - 2,224 2,224
At 28 February 2023 28,850 11,466 40,316
Depreciation
At 1 March 2022 - 8,441 8,441
Charge for the year - 724 724
At 28 February 2023 - 9,165 9,165
Net book value
At 28 February 2023 28,850 2,301 31,151
At 28 February 2022 28,850 801 29,651
4 Debtors 2023 2022
£ £
Trade debtors 10,840 11,610
Other debtors 10,000 658
20,840 12,268
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 106 -
Taxation and social security costs 24,238 34,443
Other creditors 51,419 91,326
75,763 125,769
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Stephen Dorrett
27.02.22 - 75,000 (65,000) 10,000
- 75,000 (65,000) 10,000
7 Other information
CAMOUFLAGE FILMS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
41 Clewer Avenue
Windsor
Berkshire
SL4 3QB
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