Registered number
NI654096
EM FILMS LTD
Filleted Accounts
30 June 2023
EM FILMS LTD
Registered number: NI654096
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 2,848 3,560
Current assets
Cash at bank and in hand 1,217 58
Creditors: amounts falling due within one year 4 (2,954) (6,334)
Net current liabilities (1,737) (6,276)
Net assets/(liabilities) 1,111 (2,716)
Capital and reserves
Profit and loss account 1,111 (2,716)
Shareholders' funds 1,111 (2,716)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mark Rooney
Director
Approved by the board on 26 September 2023
EM FILMS LTD
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2022 8,692
At 30 June 2023 8,692
Depreciation
At 1 July 2022 5,132
Charge for the year 712
At 30 June 2023 5,844
Net book value
At 30 June 2023 2,848
At 30 June 2022 3,560
4 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 2,954 6,334
5 Other information
EM FILMS LTD is a private company limited by shares and incorporated in N.Ireland. Its registered office is:
115 Grange Meadows
Kilkeel
Co Down
BT34 4GZ
EM FILMS LTD NI654096 false 2022-07-01 2023-06-30 2023-06-30 VT Final Accounts October 2023 release 2 Mark Rooney No description of principal activity NI654096 2021-07-01 2022-06-30 NI654096 core:WithinOneYear 2022-06-30 NI654096 core:RetainedEarningsAccumulatedLosses 2022-06-30 NI654096 2022-07-01 2023-06-30 NI654096 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 NI654096 bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 NI654096 bus:Director40 2022-07-01 2023-06-30 NI654096 1 2022-07-01 2023-06-30 NI654096 2 2022-07-01 2023-06-30 NI654096 core:PlantMachinery 2022-07-01 2023-06-30 NI654096 countries:England 2022-07-01 2023-06-30 NI654096 bus:FRS102 2022-07-01 2023-06-30 NI654096 bus:FullAccounts 2022-07-01 2023-06-30 NI654096 2023-06-30 NI654096 core:WithinOneYear 2023-06-30 NI654096 core:RetainedEarningsAccumulatedLosses 2023-06-30 NI654096 core:PlantMachinery 2023-06-30 NI654096 2022-06-30 NI654096 core:PlantMachinery 2022-06-30 iso4217:GBP xbrli:pure