YOUNG FILMS LIMITED

Company Registration Number:
02016352 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2023

Period of accounts

Start date: 01 March 2022

End date: 28 February 2023

YOUNG FILMS LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2023

Balance sheet
Notes

YOUNG FILMS LIMITED

Balance sheet

As at 28 February 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 3,441 4,588
Total fixed assets: 3,441 4,588
Current assets
Stocks: 185,900 649,020
Debtors: 4 350,097 473,690
Cash at bank and in hand: 57,733 74,661
Total current assets: 593,730 1,197,371
Creditors: amounts falling due within one year: 5 (97,746) (505,306)
Net current assets (liabilities): 495,984 692,065
Total assets less current liabilities: 499,425 696,653
Creditors: amounts falling due after more than one year: 6 (22,500) (32,500)
Total net assets (liabilities): 476,925 664,153
Capital and reserves
Called up share capital: 33,355 33,355
Profit and loss account: 443,570 630,798
Shareholders funds: 476,925 664,153

The notes form part of these financial statements

YOUNG FILMS LIMITED

Balance sheet statements

For the year ending 28 February 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 21 November 2023
and signed on behalf of the board by:

Name: R C Young
Status: Director

The notes form part of these financial statements

YOUNG FILMS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

YOUNG FILMS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

2. Employees

2023 2022
Average number of employees during the period 4 6

YOUNG FILMS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Tangible Assets

Total
Cost £
At 01 March 2022 79,533
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 28 February 2023 79,533
Depreciation
At 01 March 2022 74,945
Charge for year 1,147
On disposals 0
Other adjustments 0
At 28 February 2023 76,092
Net book value
At 28 February 2023 3,441
At 28 February 2022 4,588

YOUNG FILMS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Debtors

2023 2022
££
Debtors due after more than one year: 0 0

YOUNG FILMS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

5. Creditors: amounts falling due within one year note

Bank Loan Instalments £10,000Trade Creditors £266Accruals and Deferred Income £1,263Value Added Tax £15,555Payroll Taxes and Pensions £5,701Production Advances £58,500Other Creditors £6,461Total £97,746

YOUNG FILMS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

6. Creditors: amounts falling due after more than one year note

Bank Loan Instalments £22,500

YOUNG FILMS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

7. Loans to directors

Name of director receiving advance or credit: R C Young
Description of the loan: Directors Loan Account
£
Balance at 01 March 2022 293,418
Advances or credits made: 47,383
Advances or credits repaid: 85,000
Balance at 28 February 2023 255,801

YOUNG FILMS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

8. Related party transactions

Name of the related party: Young Bwark Ltd
Relationship:
50% owned company
Description of the Transaction: Royalties received £33,364
£
Balance at 01 March 2022 0
Balance at 28 February 2023 0