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REGISTERED NUMBER: SC746636 (Scotland)




















Bofa Celluloid Limited

Unaudited Financial Statements

for the Period

7 October 2022 to 31 October 2023






Bofa Celluloid Limited (Registered number: SC746636)






Contents of the Financial Statements
for the Period 7 October 2022 to 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bofa Celluloid Limited

Company Information
for the Period 7 October 2022 to 31 October 2023







DIRECTORS: A Dawtrey
Ms M Bell
Bofa Productions Limited



REGISTERED OFFICE: 20 Westerton Drive
Bridge of Allan
FK9 4QL



REGISTERED NUMBER: SC746636 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: The Royal Bank of Scotland
Alloa Branch
19 High Street
Alloa
FK10 1JF

Bofa Celluloid Limited (Registered number: SC746636)

Balance Sheet
31 October 2023

Notes £   
CURRENT ASSETS
Debtors 4 32,308
Cash at bank 27,979
60,287
CREDITORS
Amounts falling due within one year 5 40,543
NET CURRENT ASSETS 19,744
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,744

CAPITAL AND RESERVES
Called up share capital 1
Retained earnings 19,743
19,744

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Bofa Celluloid Limited (Registered number: SC746636)

Balance Sheet - continued
31 October 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 February 2024 and were signed on its behalf by:





A Dawtrey - Director


Bofa Celluloid Limited (Registered number: SC746636)

Notes to the Financial Statements
for the Period 7 October 2022 to 31 October 2023

1. STATUTORY INFORMATION

Bofa Celluloid Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Revenue for film production is recognised in accordance with the funding schedules agreed with
sponsors. Other revenue is recognised when the service is provided.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Film Tax Credits are recognised in the period in which the claim is made.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Bofa Celluloid Limited (Registered number: SC746636)

Notes to the Financial Statements - continued
for the Period 7 October 2022 to 31 October 2023

2. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised where the company has a present obligation as a result of a past event, it is probable that the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Going concern
The financial statements have been prepared on the going concern principal which assumes that the company will continue to trade for the foreseeable future. In order to do so the company will require the continued support of its directors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 300
Other debtors 32,008
32,308

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 14,313
Other creditors 26,230
40,543