Company Registration No. 11445536 (England and Wales)
Moving Picture Logistics Ltd
Unaudited accounts
for the year ended 31 July 2023
Moving Picture Logistics Ltd
Unaudited accounts
Contents
Moving Picture Logistics Ltd
Company Information
for the year ended 31 July 2023
Company Number
11445536 (England and Wales)
Registered Office
Walnut Tree Farm Almners Road
Lyne
Chertsey
Surrey
KT16 OBH
Accountants
Newnham & Son Ltd
School Master's House
39 College Street
Petersfield
Hampshire
GU31 4AG
Moving Picture Logistics Ltd
Statement of financial position
as at 31 July 2023
Tangible assets
49,439
64,402
Cash at bank and in hand
23,843
39,869
Creditors: amounts falling due within one year
(193,612)
(221,631)
Net current liabilities
(71,012)
(147,578)
Total assets less current liabilities
(21,572)
(83,176)
Creditors: amounts falling due after more than one year
(36,060)
-
Net liabilities
(57,632)
(83,176)
Called up share capital
100
100
Profit and loss account
(57,732)
(83,276)
Shareholders' funds
(57,632)
(83,176)
For the year ending 31 July 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 22 April 2024 and were signed on its behalf by
I Murray
Director
Company Registration No. 11445536
Moving Picture Logistics Ltd
Notes to the Accounts
for the year ended 31 July 2023
Moving Picture Logistics Ltd is a private company, limited by shares, registered in England and Wales, registration number 11445536. The registered office is Walnut Tree Farm Almners Road, Lyne, Chertsey, Surrey, KT16 OBH.
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:
Motor vehicles
25% reducing blance
Fixtures & fittings
10% reducing balance
Computer equipment
25% reducing blance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Investments in shares are included at fair value.
The company has negative net assets however a profit has been made in the current year and the company has full support of the director and the director is not seeking repayment of the directors loan at this time.
Moving Picture Logistics Ltd
Notes to the Accounts
for the year ended 31 July 2023
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2022
125,236
3,000
5,488
133,724
At 31 July 2023
125,236
3,000
6,654
134,890
At 1 August 2022
65,406
1,088
2,828
69,322
Charge for the year
14,980
192
957
16,129
At 31 July 2023
80,386
1,280
3,785
85,451
At 31 July 2023
44,850
1,720
2,869
49,439
At 31 July 2022
59,830
1,912
2,660
64,402
5
Investments
Subsidiary undertakings
Valuation at 1 August 2022
-
Valuation at 31 July 2023
1
The investment held is a 100% shareholding in the subsidiary Magic Box Facilities Ltd incorporated in England and its principal place of business is Walnut Tree Farm Almners Road, Lyne, Chertsey, England, KT16 0BH.
Amounts falling due within one year
Trade debtors
60,985
34,184
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,648
-
Obligations under finance leases and hire purchase contracts
21,437
-
Trade creditors
18,508
63,746
Loans from directors
105,218
49,862
Moving Picture Logistics Ltd
Notes to the Accounts
for the year ended 31 July 2023
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
15,962
-
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).