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REGISTERED NUMBER: 07787743 (England and Wales)








Unaudited Financial Statements

for the Period 1 November 2022 to 30 September 2023

for

Undertaking Films Limited

Undertaking Films Limited (Registered number: 07787743)

Contents of the Financial Statements
for the Period 1 November 2022 to 30 September 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Undertaking Films Limited

Company Information
for the Period 1 November 2022 to 30 September 2023







DIRECTORS: Mrs C Bonham
S Jones





REGISTERED OFFICE: St Johns House
16 Church Street
Bromsgrove
Worcestershire
B61 8DN





REGISTERED NUMBER: 07787743 (England and Wales)





ACCOUNTANTS: Clay GBP Ltd
St Johns House
16 Church Street
Bromsgrove
Worcestershire
B61 8DN

Undertaking Films Limited (Registered number: 07787743)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,011 53,885

CURRENT ASSETS
Debtors 5 749,226 871,717
Cash at bank 27,127 125,931
776,353 997,648
CREDITORS
Amounts falling due within one year 6 182,370 292,342
NET CURRENT ASSETS 593,983 705,306
TOTAL ASSETS LESS CURRENT LIABILITIES 631,994 759,191

CREDITORS
Amounts falling due after more than one year 7 (25,296 ) (28,588 )

PROVISIONS FOR LIABILITIES (2,907 ) (5,517 )
NET ASSETS 603,791 725,086

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 603,789 725,084
SHAREHOLDERS' FUNDS 603,791 725,086

Undertaking Films Limited (Registered number: 07787743)

Balance Sheet - continued
30 September 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 February 2024 and were signed on its behalf by:





S Jones - Director


Undertaking Films Limited (Registered number: 07787743)

Notes to the Financial Statements
for the Period 1 November 2022 to 30 September 2023


1. STATUTORY INFORMATION

Undertaking Films Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, sales returns, rebates and discounts.

Revenue is recognised on the provision of services. Where not all services have been rendered, revenue is recognised based upon the period lapsed compared with total period of the project.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost
Motor vehicles - 25% on reducing balance

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of a company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as an interest expense in the income statement.

Financial assets and liabilities
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs).

Trade debtors
Trade debtors are recognised initially at transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivable.

Trade creditors
Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as amounts falling due after more than one year.

Equity instruments
Equity instruments are measured at the fair value of the cash or other resources transferred or transferrable, net of the direct costs of issuing or receiving the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.


Undertaking Films Limited (Registered number: 07787743)

Notes to the Financial Statements - continued
for the Period 1 November 2022 to 30 September 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 107,987
Additions 245
At 30 September 2023 108,232
DEPRECIATION
At 1 November 2022 54,102
Charge for period 16,119
At 30 September 2023 70,221
NET BOOK VALUE
At 30 September 2023 38,011
At 31 October 2022 53,885

Undertaking Films Limited (Registered number: 07787743)

Notes to the Financial Statements - continued
for the Period 1 November 2022 to 30 September 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 749,226 871,717

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 5,244 5,112
Trade creditors 2,418 4,317
Amounts owed to group undertakings - 41,244
Taxation and social security 160,572 229,067
Other creditors 14,136 12,602
182,370 292,342

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 25,296 28,588

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 30 September 2023 and the year ended 31 October 2022:

2023 2022
£    £   
S Jones
Balance outstanding at start of period 345,370 236,542
Amounts advanced 30,912 179,514
Amounts repaid (68,913 ) (70,686 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 307,369 345,370

Mrs C Bonham
Balance outstanding at start of period 342,294 233,466
Amounts advanced 30,913 179,514
Amounts repaid (68,913 ) (70,686 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 304,294 342,294

The above represents the highest balance during the period. Interest has been charged on the loan at the HMRC official rate of interest. The loan has been provided with no fixed repayment terms and no security.