2023-01-012023-12-312023-12-31false09248842FILMSTRO 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FILMSTRO LIMITED

Registered Number
09248842
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

FILMSTRO LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

Mr Sebastian Karl Jager
Mr Christopher Stephen Young

Registered Address

2 Upperton Gardens
Eastbourne
BN21 2AH

Registered Number

09248842 (England and Wales)
FILMSTRO LIMITED
Statement of Financial Position
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets3382393
Tangible assets46,0816,589
6,4636,982
Current assets
Debtors420,818425,713
Cash at bank and on hand7,2037,129
428,021432,842
Creditors amounts falling due within one year6(97,983)(91,956)
Net current assets (liabilities)330,038340,886
Total assets less current liabilities336,501347,868
Creditors amounts falling due after one year7(31,337)(45,584)
Net assets305,164302,284
Capital and reserves
Called up share capital116116
Share premium605,934605,934
Profit and loss account(300,886)(303,766)
Shareholders' funds305,164302,284
The financial statements were approved and authorised for issue by the Board of Directors on 12 March 2024, and are signed on its behalf by:
Mr Sebastian Karl Jager
Director
Registered Company No. 09248842
FILMSTRO LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Patents and licences are being amortised evenly over their estimated useful life of ten years. Company Formation costs are being amortised evenly over their estimated useful life of ten years. Software Development is being amortised evenly over its estimated useful life of ten years.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
2.Average number of employees

20232022
Average number of employees during the year11
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 January 23421421
Additions163163
At 31 December 23584584
Amortisation and impairment
At 01 January 232828
Charge for year174174
At 31 December 23202202
Net book value
At 31 December 23382382
At 31 December 22393393
4.Tangible fixed assets

Plant & machinery

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 January 234,3252,8745,93913,138
Additions8001492,3733,322
At 31 December 235,1253,0238,31216,460
Depreciation and impairment
At 01 January 231,0861,5233,9406,549
Charge for year1,6429121,2763,830
At 31 December 232,7282,4355,21610,379
Net book value
At 31 December 232,3975883,0966,081
At 31 December 223,2391,3511,9996,589
5.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables417-
Amounts owed by associates and joint ventures / participating interests21,15521,139
Other debtors11,46316,790
Total33,03537,929
6.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables10,94511,694
Bank borrowings and overdrafts7,332-
Taxation and social security3,8475,142
Other creditors66,12159,212
Accrued liabilities and deferred income9,73815,908
Total97,98391,956
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts31,33745,584
Total31,33745,584