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COMPANY REGISTRATION NUMBER: 2127868
VAN DER BORGH FILMS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 April 2023
VAN DER BORGH FILMS LIMITED
STATEMENT OF FINANCIAL POSITION
30 April 2023
2023
2022
Note
£
£
£
£
CURRENT ASSETS
Debtors
4
106
59
Cash at bank and in hand
731
223
----
----
837
282
CREDITORS: amounts falling due within one year
5
40,924
34,927
--------
--------
NET CURRENT LIABILITIES
40,087
34,645
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 40,087)
( 34,645)
--------
--------
NET LIABILITIES
( 40,087)
( 34,645)
--------
--------
CAPITAL AND RESERVES
Called up share capital
200
200
Profit and loss account
( 40,287)
( 34,845)
--------
--------
SHAREHOLDERS FUNDS
( 40,087)
( 34,645)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
VAN DER BORGH FILMS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 April 2023
These financial statements were approved by the board of directors and authorised for issue on 2 November 2023 , and are signed on behalf of the board by:
Mr S van der Borgh
Director
Company registration number: 2127868
VAN DER BORGH FILMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 APRIL 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 7 North Parade, York, YO30 7AB.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. ACCOUNTING POLICIES
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Going concern
Following the challenges arising as a consequence of the Covid-19 pandemic in 2020/21, more latterly the UK economy has been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company’s trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it, and do not believe that it it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis. Liabilities include loans from the directors totalling £40,475. The company relies on the continued support of the directors to continue normal trading activities. Such support has been confirmed and will be made available for the foreseeable future and increased where necessary. The accounts are therefore prepared on a going concern basis.
(c) Revenue recognition
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
(d) Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. DEBTORS
2023
2022
£
£
Other debtors
106
59
----
----
5. CREDITORS: amounts falling due within one year
2023
2022
£
£
Accruals
450
450
Directors current accounts
40,474
34,477
--------
--------
40,924
34,927
--------
--------
6. RELATED PARTY TRANSACTIONS
The directors operate a directors loan account with the company. At 30 April 2022, the Company owed the directors £ 40,475 (2022: £ 34,476 ). This amount is repayable on demand.