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REGISTERED NUMBER: 06881287 (England and Wales)











Financial Statements

for the Year Ended 31 October 2023

for

WILLIS FILMS LIMITED

WILLIS FILMS LIMITED (REGISTERED NUMBER: 06881287)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WILLIS FILMS LIMITED

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Mr T Willis





SECRETARY: Mrs V Willis





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 06881287 (England and Wales)





ACCOUNTANTS: Conroy & Lermer
Chartered Accountants
42 Lytton Road
BARNET
EN5 5BY

WILLIS FILMS LIMITED (REGISTERED NUMBER: 06881287)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 907 1,137

CURRENT ASSETS
Debtors 5 37,299 57,916
Cash at bank 11,478 18,922
48,777 76,838
CREDITORS
Amounts falling due within one year 6 18,750 19,331
NET CURRENT ASSETS 30,027 57,507
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,934

58,644

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 30,834 58,544
SHAREHOLDERS' FUNDS 30,934 58,644

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

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

The director acknowledges his 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.

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 director and authorised for issue on 29 July 2024 and were signed by:





Mr T Willis - Director


WILLIS FILMS LIMITED (REGISTERED NUMBER: 06881287)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Willis Films Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

WILLIS FILMS LIMITED (REGISTERED NUMBER: 06881287)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2022 - 10,742 10,742
Additions 581 177 758
At 31 October 2023 581 10,919 11,500
DEPRECIATION
At 1 November 2022 - 9,605 9,605
Charge for year 145 843 988
At 31 October 2023 145 10,448 10,593
NET BOOK VALUE
At 31 October 2023 436 471 907
At 31 October 2022 - 1,137 1,137

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 5,400 -
Directors' current accounts 31,899 57,916
37,299 57,916

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Tax 12,551 14,025
VAT 891 -
Accruals and deferred income 5,308 5,306
18,750 19,331

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
75 Ordinary A £1 75 75
25 Ordinary B £1 25 25
100 100

WILLIS FILMS LIMITED (REGISTERED NUMBER: 06881287)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 October 2023 and the period ended 31 October 2022:

31.10.23 31.10.22
£    £   
Mr T Willis
Balance outstanding at start of year 57,916 -
Amounts advanced 59,902 62,030
Amounts repaid (85,919 ) (4,114 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 31,899 57,916

As at the balance sheet date, included within debtors due within one year is £31,899 (2022: £57,916) due and payable by the director. Interest of £702 was charged at 2% and 2.25% on the overdrawn directors loan account for the period, The balance was fully repaid within 9 months from the balance sheet date.