Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31true2No description of principal activityfalse2022-04-012trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12471153 2022-04-01 2023-03-31 12471153 2021-05-01 2022-03-31 12471153 2023-03-31 12471153 2022-03-31 12471153 c:Director1 2022-04-01 2023-03-31 12471153 d:CurrentFinancialInstruments 2023-03-31 12471153 d:CurrentFinancialInstruments 2022-03-31 12471153 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12471153 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 12471153 d:ShareCapital 2023-03-31 12471153 d:ShareCapital 2022-03-31 12471153 c:FRS102 2022-04-01 2023-03-31 12471153 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 12471153 c:FullAccounts 2022-04-01 2023-03-31 12471153 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 12471153









SALON MISSILE LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
SALON MISSILE LTD
REGISTERED NUMBER: 12471153

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
5,278
53,922

Cash at bank and in hand
 5 
15,730
1,408

  
21,008
55,330

Creditors: amounts falling due within one year
 6 
(21,007)
(55,329)

Net current assets
  
 
 
1
 
 
1

Total assets less current liabilities
  
1
1

  

Net assets
  
1
1


Capital and reserves
  

Called up share capital 
  
1
1

  
1
1


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 March 2024.




N Taussig
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
SALON MISSILE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Salon Missile Ltd is a private comany limited by shares and registered in England & Wales.  The address of its registered office is 124 Finchley Road, London, NW3 5JS. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue comprises distribution revenue receivable and is recognised in the Statement of Income and Retained Earnings in the period it is contractually due.
Where revenue received exceeds costs incurred to date and profits are not anticipated, the balance is treated as deferred income and held on the Statement of Financial Position until further costs are incurred or profits anticipated. At this point the deferred income is released to the Statement of Income and Retained Earnings.

 
2.3

Taxation

Tax is recognised in the Statement of Income and Retained Earnings. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
The Company is eligible to claim a tax credit on film production costs; the tax credit comprises relief based on total net costs and an additional deduction for enhanceable expenditure. The Company claims a payment based on the amount of enhanced expenditure and carries losses arising from total net costs forward against future profits.

 
2.4

Debtors

Short term debtors are measured at the transaction price, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.6

Creditors

Short term creditors are measured at the transaction price, less any impairment.

Page 2

 
SALON MISSILE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans from other third parties.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Debtors

2023
2022
£
£


Trade debtors
1,500
2,400

Other debtors
1,562
38,630

Tax recoverable
2,216
12,892

5,278
53,922



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
15,730
1,408

15,730
1,408



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
-
25,000

Trade creditors
284
6,858

Other taxation and social security
-
400

Accruals and deferred income
20,723
23,071

21,007
55,329


Page 3

 
SALON MISSILE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Controlling party

During the period, the company was under the control of Salon Pictures Ltd by virtue of their shareholding.

 
Page 4