Company Registration No. 10780399 (England and Wales)
Strive Films Ltd
Unaudited accounts
for the year ended 31 May 2023
Strive Films Ltd
Unaudited accounts
Contents
Strive Films Ltd
Company Information
for the year ended 31 May 2023
Company Number
10780399 (England and Wales)
Registered Office
21 Glebe Road
Stoneferry
Hull
East Riding of Yorkshire
HU7 0DX
England
Accountants
Kendall Accountancy Services Limited
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
Strive Films Ltd
Statement of financial position
as at 31 May 2023
Cash at bank and in hand
1,329
3,115
Creditors: amounts falling due within one year
(11,283)
(4,304)
Net current liabilities
(9,954)
(1,189)
Net liabilities
(9,243)
(661)
Called up share capital
1
1
Profit and loss account
(9,244)
(662)
Shareholders' funds
(9,243)
(661)
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 24 July 2023 and were signed on its behalf by
Miss L Meer
Director
Company Registration No. 10780399
Strive Films Ltd
Notes to the Accounts
for the year ended 31 May 2023
Strive Films Ltd is a private company, limited by shares, registered in England and Wales, registration number 10780399. The registered office is 21 Glebe Road, Stoneferry , Hull, East Riding of Yorkshire, HU7 0DX, England.
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
25% wdv
Computer equipment
25% wdv
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.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Strive Films Ltd
Notes to the Accounts
for the year ended 31 May 2023
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2022
592
1,077
1,669
At 31 May 2023
592
1,431
2,023
At 1 June 2022
466
675
1,141
Charge for the year
26
145
171
At 31 May 2023
492
820
1,312
At 31 May 2023
100
611
711
At 31 May 2022
126
402
528
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
3,642
36
Loans from directors
7,629
4,268
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
7
Transactions with related parties
As at the year end 31st March 2023 the company Pitstop Films Ltd owes the company Strive Films Ltd £5,600. This amount is interest free and repayable on demand.
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).