Wilton Pictures Limited
Unaudited Financial Statements
For the year ended 28 February 2023
Pages for Filing with Registrar
Company Registration No. 04382977 (England and Wales)
Wilton Pictures Limited
Company Information
Director
Mr David W Westhead
Secretary
Ms Sharon L Palmer
Company number
04382977
Registered office
18 Clifton Hill
Brighton
East Sussex
BN1 3HQ
Accountants
Moore Kingston Smith LLP
Betchworth House
57-65 Station Road
Redhill
Surrey
RH1 1DL
Wilton Pictures Limited
Balance Sheet
As at 28 February 2023
Page 1
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
579
772
Current assets
Cash at bank and in hand
16,050
11,793
16,050
11,793
Creditors: amounts falling due within one year
4
(45,045)
(45,805)
Net current liabilities
(28,995)
(34,012)
Total assets less current liabilities
(28,416)
(33,240)
Capital and reserves
Called up share capital
5
100
100
Profit and loss reserves
(28,516)
(33,340)
Total equity
(28,416)
(33,240)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

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

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 27 November 2023
Mr David W Westhead
Director
Company Registration No. 04382977
Wilton Pictures Limited
Notes to the Financial Statements
For the year ended 28 February 2023
Page 2
1
Accounting policies
Company information

Wilton Pictures Limited is a private company limited by shares incorporated in England and Wales. The registered office is 18 Clifton Hill, Brighton, East Sussex, BN1 3HQ.

1.1
Accounting convention

These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the Balance Sheet date the Company had net liabilities of £28,416. The Director has agreed to continue to support the Company for at least 12 months from the Balance Sheet date.

The Director has assessed the impact external factors on the company and consider any impact or delays to be short term only. As a result the Director believes that the company will be able to continue in business and meet its liabilities as they fall due for a period of at least twelve months from the date of approval of the financial statements.  On this basis, the Director considers it appropriate for the accounts to be prepared on the going concern basis.

1.3
Turnover

Turnover represents amounts receivable for production fees and funding, net of VAT.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computer equipment
25% Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents include cash in hand and balances held at call with banks.

1.6
Financial instruments

The company has only financial instruments classified as basic and measured at amortised cost. The company has no financial instruments that are classified as 'other' or financial instruments measured at fair value.

Wilton Pictures Limited
Notes to the Financial Statements (Continued)
For the year ended 28 February 2023
Page 3
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 0 (2022: 0).

3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2022 and 28 February 2023
3,258
Depreciation and impairment
At 1 March 2022
2,486
Depreciation charged in the year
193
At 28 February 2023
2,679
Carrying amount
At 28 February 2023
579
At 28 February 2022
772
4
Creditors: amounts falling due within one year
2023
2022
£
£
Taxation and social security
98
318
Other creditors
43,747
44,457
Accruals and deferred income
1,200
1,030
45,045
45,805
5
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
6
Related party transactions

At the Balance Sheet date £43,747 (2022: £44,457) was owed to Mr David Westhead, the company director.

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