0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-08-01 Sage Accounts Production Advanced 2023 - FRS102_2023 5,860 400 6,260 5,581 170 5,751 509 279 xbrli:pure xbrli:shares iso4217:GBP 04253197 2022-08-01 2023-07-31 04253197 2023-07-31 04253197 2022-07-31 04253197 2021-08-01 2022-07-31 04253197 2022-07-31 04253197 2021-07-31 04253197 core:FurnitureFittings 2022-08-01 2023-07-31 04253197 bus:Director1 2022-08-01 2023-07-31 04253197 core:FurnitureFittings 2022-07-31 04253197 core:FurnitureFittings 2023-07-31 04253197 core:WithinOneYear 2023-07-31 04253197 core:WithinOneYear 2022-07-31 04253197 core:AfterOneYear 2023-07-31 04253197 core:AfterOneYear 2022-07-31 04253197 core:ShareCapital 2023-07-31 04253197 core:ShareCapital 2022-07-31 04253197 core:RetainedEarningsAccumulatedLosses 2023-07-31 04253197 core:RetainedEarningsAccumulatedLosses 2022-07-31 04253197 core:FurnitureFittings 2022-07-31 04253197 bus:SmallEntities 2022-08-01 2023-07-31 04253197 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 04253197 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 04253197 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 04253197 bus:FullAccounts 2022-08-01 2023-07-31
COMPANY REGISTRATION NUMBER: 04253197
Film Design International Limited
Filleted Unaudited Financial Statements
31 July 2023
Film Design International Limited
Statement of Financial Position
31 July 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
509
279
Current assets
Debtors
6
22,102
11,421
Cash at bank and in hand
2,207
--------
--------
24,309
11,421
Creditors: amounts falling due within one year
7
73,478
52,879
--------
--------
Net current liabilities
49,169
41,458
--------
--------
Total assets less current liabilities
( 48,660)
( 41,179)
Creditors: amounts falling due after more than one year
8
8,493
13,094
--------
--------
Net liabilities
( 57,153)
( 54,273)
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 57,253)
( 54,373)
--------
--------
Shareholders deficit
( 57,153)
( 54,273)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Film Design International Limited
Statement of Financial Position (continued)
31 July 2023
These financial statements were approved by the board of directors and authorised for issue on 15 April 2024 , and are signed on behalf of the board by:
Mr T Ackland-Snow
Director
Company registration number: 04253197
Film Design International Limited
Notes to the Financial Statements
Year ended 31 July 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Elizabeth House, 54-58 High Street, Edgware, Middlesex, HA8 7TT.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures, fittings and equipment
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2022: 1 ).
5. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 1 August 2022
5,860
5,860
Additions
400
400
-------
-------
At 31 July 2023
6,260
6,260
-------
-------
Depreciation
At 1 August 2022
5,581
5,581
Charge for the year
170
170
-------
-------
At 31 July 2023
5,751
5,751
-------
-------
Carrying amount
At 31 July 2023
509
509
-------
-------
At 31 July 2022
279
279
-------
-------
6. Debtors
2023
2022
£
£
Trade debtors
20,150
10,229
Other debtors
1,952
1,192
--------
--------
22,102
11,421
--------
--------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
17,849
8,704
Trade creditors
29,326
19,362
Amounts owed to group undertakings and undertakings in which the company has a participating interest
22,538
22,960
Social security and other taxes
411
573
Other creditors
3,354
1,280
--------
--------
73,478
52,879
--------
--------
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
8,493
13,094
-------
--------