Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-232023-02-23No description of principal activitytruefalse112022-02-24trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05790949 2022-02-24 2023-02-23 05790949 2021-02-24 2022-02-23 05790949 2023-02-23 05790949 2022-02-23 05790949 c:Director1 2022-02-24 2023-02-23 05790949 d:CurrentFinancialInstruments 2023-02-23 05790949 d:CurrentFinancialInstruments 2022-02-23 05790949 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-23 05790949 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-23 05790949 d:ShareCapital 2023-02-23 05790949 d:ShareCapital 2022-02-23 05790949 d:RetainedEarningsAccumulatedLosses 2023-02-23 05790949 d:RetainedEarningsAccumulatedLosses 2022-02-23 05790949 c:FRS102 2022-02-24 2023-02-23 05790949 c:AuditExempt-NoAccountantsReport 2022-02-24 2023-02-23 05790949 c:FullAccounts 2022-02-24 2023-02-23 05790949 c:PrivateLimitedCompanyLtd 2022-02-24 2023-02-23 iso4217:GBP xbrli:pure

Registered number: 05790949









DEFIANT FILMS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 23 FEBRUARY 2023

 
DEFIANT FILMS LIMITED
REGISTERED NUMBER: 05790949

STATEMENT OF FINANCIAL POSITION
AS AT 23 FEBRUARY 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
416
416

Cash at bank and in hand
 5 
3,746
4,920

  
4,162
5,336

Creditors: amounts falling due within one year
 6 
(89,779)
(89,792)

Net current liabilities
  
 
 
(85,617)
 
 
(84,456)

Total assets less current liabilities
  
(85,617)
(84,456)

  

Net liabilities
  
(85,617)
(84,456)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(85,619)
(84,458)

  
(85,617)
(84,456)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 November 2023.



D Hiller
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
DEFIANT FILMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 23 FEBRUARY 2023

1.


General information

Defiant Films Limited is a private company limited by shares and incorporated in England & Wales. The address of the registered office is Regina House, 124 Finchley Road, London, NW3 5JS and the address of its principal place of business is 40 The Street, Belstead, Ipswich, Suffolk, IP8 3LY.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the reporting date the company had net liabilities of £85,617 and meets its day to day working capital requirements through loans from the director.
Existing funding facilities, forecasts and projections indicate that the company has adequate resources to continue with some level of activity from a minimal to full levels. Although the potential effect of the coronavirus can be modelled, it is very difficult to determine the assumptions that will prove to be most appropriate and therefore there is an element of doubt existing that cannot be quantified.
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.  The director therefore continues to adopt the going concern basis in preparing its financial statements, but with the proviso that a material uncertainly exists over the company’s future.

 
2.3

Revenue

Revenue comprises distribution revenue receivable and is recognised in the Statement of Income and Retained Earnings in the period it is contractually due.

 
2.4

Debtors

Short term debtors are measured at the transaction price, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from other third parties and loans from related parties.

Page 2

 
DEFIANT FILMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 23 FEBRUARY 2023

2.Accounting policies (continued)

 
2.7

Creditors

Short term creditors are measured at the transaction price, less any impairment.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Debtors

2023
2022
£
£


Other debtors
416
416

416
416



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
3,746
4,920

3,746
4,920



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
88,419
88,419

Accruals and deferred income
1,360
1,373

89,779
89,792



7.


Controlling party

Throughout the year, the Company was under the control of the director by virtue of their shareholding.

 
Page 3