Registered number
12025587
SAMSON TV & FILM LOCATION SECURITY LIMITED
Filleted Accounts
31 March 2023
SAMSON TV & FILM LOCATION SECURITY LIMITED
Registered number: 12025587
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 49,240 61,353
Current assets
Debtors 4 4,564 102,308
Cash at bank and in hand 11,434 19,856
15,998 122,164
Creditors: amounts falling due within one year 5 (114,246) (131,310)
Net current liabilities (98,248) (9,146)
Net (liabilities)/assets (49,008) 52,207
Capital and reserves
Called up share capital 100 100
Profit and loss account (49,108) 52,107
Shareholders' funds (49,008) 52,207
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.
Mr L A C Williams
Director
Approved by the board on 30 October 2023
SAMSON TV & FILM LOCATION SECURITY LIMITED
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
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:
Fixtures, fittings, tools and equipment 20% reducing balance
Motor vehicles 20% reducing balance
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2022 58,820 17,990 76,810
Additions 394 - 394
At 31 March 2023 59,214 17,990 77,204
Depreciation
At 1 April 2022 11,379 4,078 15,457
Charge for the year 9,725 2,782 12,507
At 31 March 2023 21,104 6,860 27,964
Net book value
At 31 March 2023 38,110 11,130 49,240
At 31 March 2022 47,441 13,912 61,353
4 Debtors 2023 2022
£ £
Trade debtors 4,564 102,308
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 11,342 23,908
Other creditors 102,904 107,402
114,246 131,310
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr L A C Williams
Director's loan account (53,026) 6,593 (55,485) (101,918)
Mrs S Williams (resigned 29th March 2023)
Director's loan account (53,025) 53,225 (200) -
(106,051) 59,818 (55,685) (101,918)
7 Controlling party
The Company is ultimately controlled by its directors by virtue of their shareholding.
8 Other information
SAMSON TV & FILM LOCATION SECURITY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
33 Abernant Road
Markham
Blackwood
Gwent
NP12 0PR
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