Registered number
08208776
FACE NORTH VFX LIMITED
Filleted Accounts
30 September 2023
FACE NORTH VFX LIMITED
Registered number: 08208776
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 90,879 54,535
Current assets
Debtors 4 - 26,984
Cash at bank and in hand 33,833 26,782
33,833 53,766
Creditors: amounts falling due within one year 5 (46,437) (28,164)
Net current (liabilities)/assets (12,604) 25,602
Total assets less current liabilities 78,275 80,137
Creditors: amounts falling due after more than one year 6 (35,169) (40,561)
Net assets 43,106 39,576
Capital and reserves
Called up share capital 100 100
Profit and loss account 43,006 39,476
Shareholders' funds 43,106 39,576
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.
A A Angus
Director
Approved by the board on 17 November 2023
FACE NORTH VFX LIMITED
Notes to the Accounts
for the year ended 30 September 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).
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:
Studio no depreciation
Office and studio equipment 20% on the reducing balance basis
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Studio Office and Studio equipment Total
£ £ £
Cost
At 1 October 2022 - 108,779 108,779
Additions 34,332 16,149 50,481
At 30 September 2023 34,332 124,928 159,260
Depreciation
At 1 October 2022 - 54,244 54,244
Charge for the year - 14,137 14,137
At 30 September 2023 - 68,381 68,381
Net book value
At 30 September 2023 34,332 56,547 90,879
At 30 September 2022 - 54,535 54,535
4 Debtors 2023 2022
£ £
Trade debtors - 26,984
5 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under hire purchase contracts 6,366 178
Trade creditors and accruals 11,585 6,550
Taxation 24,843 19,033
Other creditors 3,643 2,403
46,437 28,164
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loan 35,169 40,561
7 Other information
FACE NORTH VFX LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Tarnwater
Coneygarth Lane
Tunstall
Carnforth
LA6 2QP
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