Company Registration No. 09620879 (England and Wales)
Project X Films Ltd
Unaudited accounts
for the year ended 30 June 2023
Project X Films Ltd
Unaudited accounts
Contents
Project X Films Ltd
Company Information
for the year ended 30 June 2023
Company Number
09620879 (England and Wales)
Registered Office
42a Museum St
London
WC1A 1LT
United Kingdom
Project X Films Ltd
Statement of financial position
as at 30 June 2023
Intangible assets
88,000
176,000
Tangible assets
26,731
1,196
Cash at bank and in hand
32,152
283,148
Creditors: amounts falling due within one year
(2,540)
(940)
Net current assets
145,699
284,011
Net assets
260,430
461,207
Called up share capital
800,100
800,100
Profit and loss account
(539,670)
(338,893)
Shareholders' funds
260,430
461,207
For the year ending 30 June 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 March 2024 and were signed on its behalf by
Hugo Paice
Director
Company Registration No. 09620879
Project X Films Ltd
Notes to the Accounts
for the year ended 30 June 2023
Project X Films Ltd is a private company, limited by shares, registered in England and Wales, registration number 09620879. The registered office is 42a Museum St, London, WC1A 1LT, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33% Straight line
Computer equipment
25% Straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
Charge for the year
88,000
Project X Films Ltd
Notes to the Accounts
for the year ended 30 June 2023
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 July 2022
-
36,025
36,025
Additions
27,934
8,496
36,430
At 30 June 2023
27,934
44,521
72,455
At 1 July 2022
-
34,829
34,829
Charge for the year
6,983
3,912
10,895
At 30 June 2023
6,983
38,741
45,724
At 30 June 2023
20,951
5,780
26,731
At 30 June 2022
-
1,196
1,196
Amounts falling due within one year
Other debtors
101,591
1,546
7
Creditors: amounts falling due within one year
2023
2022
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loans to Director
1,546
100,044
-
101,591
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).