Notasuch Films Limited NI046488 false 2022-06-01 2023-05-31 2023-05-31 The principal activity of the company is the principal activity of the company is that of making films. Digita Accounts Production Advanced 6.30.9574.0 true true NI046488 2022-06-01 2023-05-31 NI046488 2023-05-31 NI046488 bus:OrdinaryShareClass1 2023-05-31 NI046488 core:RetainedEarningsAccumulatedLosses 2023-05-31 NI046488 core:ShareCapital 2023-05-31 NI046488 core:CurrentFinancialInstruments 2023-05-31 NI046488 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 NI046488 core:OtherPropertyPlantEquipment 2023-05-31 NI046488 bus:SmallEntities 2022-06-01 2023-05-31 NI046488 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 NI046488 bus:FullAccounts 2022-06-01 2023-05-31 NI046488 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 NI046488 bus:RegisteredOffice 2022-06-01 2023-05-31 NI046488 bus:CompanySecretary1 2022-06-01 2023-05-31 NI046488 bus:Director1 2022-06-01 2023-05-31 NI046488 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 NI046488 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 NI046488 core:OtherPropertyPlantEquipment 2022-06-01 2023-05-31 NI046488 core:PlantMachinery 2022-06-01 2023-05-31 NI046488 countries:AllCountries 2022-06-01 2023-05-31 NI046488 2022-05-31 NI046488 core:OtherPropertyPlantEquipment 2022-05-31 NI046488 2021-06-01 2022-05-31 NI046488 2022-05-31 NI046488 bus:OrdinaryShareClass1 2022-05-31 NI046488 core:RetainedEarningsAccumulatedLosses 2022-05-31 NI046488 core:ShareCapital 2022-05-31 NI046488 core:CurrentFinancialInstruments 2022-05-31 NI046488 core:CurrentFinancialInstruments core:WithinOneYear 2022-05-31 NI046488 core:OtherPropertyPlantEquipment 2022-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: NI046488

Notasuch Films Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2023

 

Notasuch Films Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Notasuch Films Limited

Company Information

Director

Mr P Kinnaird

Company secretary

Mr V Kinnaird

Registered office

58 Diamond Gardens
BELFAST
BT10 0HE

Accountants

McKeague Morgan & Company
Chartered Accountants
27 College Gardens
Belfast
BT9 6BS

 

Notasuch Films Limited

(Registration number: NI046488)
Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

2,096

2,331

Current assets

 

Debtors

5

4,838

7,816

Cash at bank and in hand

 

5,113

3,007

 

9,951

10,823

Creditors: Amounts falling due within one year

6

(9,776)

(9,566)

Net current assets

 

175

1,257

Net assets

 

2,271

3,588

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

2,269

3,586

Total equity

 

2,271

3,588

For the financial year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 3 October 2023
 

.........................................

Mr P Kinnaird
Director

 

Notasuch Films Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

1

General information

The company is a private company limited by share capital, incorporated in the United Kingdom.

The address of its registered office is:
58 Diamond Gardens
BELFAST
BT10 0HE

These financial statements were authorised for issue by the director on 3 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

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

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Notasuch Films Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

2

Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

25% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the 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 receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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 non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 1).

 

Notasuch Films Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

4

Tangible assets

Other property, plant and equipment
 £

Total
£

Cost or valuation

At 1 June 2022

15,575

15,575

Additions

1,173

1,173

At 31 May 2023

16,748

16,748

Depreciation

At 1 June 2022

13,244

13,244

Charge for the year

1,408

1,408

At 31 May 2023

14,652

14,652

Carrying amount

At 31 May 2023

2,096

2,096

At 31 May 2022

2,331

2,331

5

Debtors

2023
£

2022
£

Trade debtors

4,500

-

Prepayments

-

7,665

Other debtors

338

151

4,838

7,816

 

Notasuch Films Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

6

Creditors

Note

2023
£

2022
£

Due within one year

 

Loans from directors

 

8,340

8,317

Accruals and deferred income

 

1,436

1,249

 

9,776

9,566

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Shares of £1 each

2

2

2

2