2 false false false false false false false false false false true false false false false false false 2022-11-01 Sage Accounts Production Advanced 2023 - FRS102_2023 26,774 21,542 785 22,327 4,447 5,232 xbrli:pure xbrli:shares iso4217:GBP 01010152 2022-11-01 2023-10-31 01010152 2023-10-31 01010152 2022-10-31 01010152 2021-11-01 2022-10-31 01010152 2022-10-31 01010152 2021-10-31 01010152 core:FurnitureFittings 2022-11-01 2023-10-31 01010152 bus:Director2 2022-11-01 2023-10-31 01010152 core:FurnitureFittings 2022-10-31 01010152 core:FurnitureFittings 2023-10-31 01010152 core:WithinOneYear 2023-10-31 01010152 core:WithinOneYear 2022-10-31 01010152 core:ShareCapital 2023-10-31 01010152 core:ShareCapital 2022-10-31 01010152 core:RetainedEarningsAccumulatedLosses 2023-10-31 01010152 core:RetainedEarningsAccumulatedLosses 2022-10-31 01010152 core:FurnitureFittings 2022-10-31 01010152 bus:SmallEntities 2022-11-01 2023-10-31 01010152 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 01010152 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 01010152 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 01010152 bus:FullAccounts 2022-11-01 2023-10-31
COMPANY REGISTRATION NUMBER: 01010152
Brian Jackson Films Limited
Filleted Unaudited Financial Statements
31 October 2023
Brian Jackson Films Limited
Financial Statements
Year ended 31 October 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
Brian Jackson Films Limited
Statement of Financial Position
31 October 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
4,447
5,232
Current assets
Debtors
6
246
6,000
Cash at bank and in hand
24,027
29,578
--------
--------
24,273
35,578
Creditors: amounts falling due within one year
7
65,880
93,072
--------
--------
Net current liabilities
41,607
57,494
--------
--------
Total assets less current liabilities
( 37,160)
( 52,262)
--------
--------
Net liabilities
( 37,160)
( 52,262)
--------
--------
Capital and reserves
Called up share capital
5,000
5,000
Profit and loss account
( 42,160)
( 57,262)
--------
--------
Shareholders deficit
( 37,160)
( 52,262)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 28 February 2024 , and are signed on behalf of the board by:
Mrs A.S.C. Jackson
Director
Company registration number: 01010152
Brian Jackson Films Limited
Notes to the Financial Statements
Year ended 31 October 2023
1. General information
Brian Jackson Films Limited is a private company limited by shares, registered in the United Kingdom number 01010152 . Its registered office is 39/41 Hanover Steps, St. Georges Fields, Albion Street, London, W2 2YG. The principal activity of the company during the year continued to be motion picture and television production and distribution and consultancy services.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & fittings
-
33% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 1 November 2022 and 31 October 2023
26,774
26,774
--------
--------
Depreciation
At 1 November 2022
21,542
21,542
Charge for the year
785
785
--------
--------
At 31 October 2023
22,327
22,327
--------
--------
Carrying amount
At 31 October 2023
4,447
4,447
--------
--------
At 31 October 2022
5,232
5,232
--------
--------
6. Debtors
2023
2022
£
£
Trade debtors
6,000
Other debtors
246
----
-------
246
6,000
----
-------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Social security and other taxes
3,099
6,946
Other creditors
62,781
86,126
--------
--------
65,880
93,072
--------
--------
8. Related party transactions
The company was not under the control of any one individual throughout the current year.