Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-311truefalsespecial effects and equipment hire to film industry2023-01-011trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07871724 2023-01-01 2023-12-31 07871724 2022-01-01 2022-12-31 07871724 2023-12-31 07871724 2022-12-31 07871724 c:Director1 2023-01-01 2023-12-31 07871724 d:Buildings 2023-01-01 2023-12-31 07871724 d:Buildings 2023-12-31 07871724 d:Buildings 2022-12-31 07871724 d:Buildings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07871724 d:PlantMachinery 2023-01-01 2023-12-31 07871724 d:PlantMachinery 2023-12-31 07871724 d:PlantMachinery 2022-12-31 07871724 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07871724 d:MotorVehicles 2023-01-01 2023-12-31 07871724 d:MotorVehicles 2023-12-31 07871724 d:MotorVehicles 2022-12-31 07871724 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07871724 d:OfficeEquipment 2023-01-01 2023-12-31 07871724 d:OfficeEquipment 2023-12-31 07871724 d:OfficeEquipment 2022-12-31 07871724 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07871724 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07871724 d:CurrentFinancialInstruments 2023-12-31 07871724 d:CurrentFinancialInstruments 2022-12-31 07871724 d:Non-currentFinancialInstruments 2023-12-31 07871724 d:Non-currentFinancialInstruments 2022-12-31 07871724 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07871724 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07871724 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 07871724 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 07871724 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 07871724 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 07871724 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-12-31 07871724 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-12-31 07871724 d:ShareCapital 2023-12-31 07871724 d:ShareCapital 2022-12-31 07871724 d:RetainedEarningsAccumulatedLosses 2023-12-31 07871724 d:RetainedEarningsAccumulatedLosses 2022-12-31 07871724 c:OrdinaryShareClass1 2023-01-01 2023-12-31 07871724 c:OrdinaryShareClass1 2023-12-31 07871724 c:OrdinaryShareClass1 2022-12-31 07871724 c:FRS102 2023-01-01 2023-12-31 07871724 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07871724 c:FullAccounts 2023-01-01 2023-12-31 07871724 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07871724 d:WithinOneYear 2023-12-31 07871724 d:WithinOneYear 2022-12-31 07871724 d:BetweenOneFiveYears 2023-12-31 07871724 d:BetweenOneFiveYears 2022-12-31 07871724 2 2023-01-01 2023-12-31 07871724 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 07871724 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 07871724














ELSTREE EFFECTS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

 
ELSTREE EFFECTS LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 7


 
ELSTREE EFFECTS LIMITED
REGISTERED NUMBER:07871724

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
317,595
330,171

Current assets
  

Stocks
  
600
600

Debtors: amounts falling due within one year
 5 
20,569
30,712

Cash at bank and in hand
  
320,920
176,392

  
342,089
207,704

Creditors: amounts falling due within one year
 6 
(175,181)
(227,717)

Net current assets/(liabilities)
  
 
 
166,908
 
 
(20,013)

Total assets less current liabilities
  
484,503
310,158

Creditors: amounts falling due after more than one year
 7 
(215,855)
(278,275)

Provisions for liabilities
  

Deferred tax
 9 
(22,160)
(18,264)

Net assets
  
246,488
13,619


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
246,388
13,519

  
246,488
13,619


Page 1

 
ELSTREE EFFECTS LIMITED
REGISTERED NUMBER:07871724
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers 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 director acknowledges his 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 comprehensive income 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 29 July 2024.




P A Dimmer
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
ELSTREE EFFECTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The company's legal form is that of a limited company incorporated in the United Kingdom. The Company's registered office 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.

The principle activity of the company is that of special effects and equipment hire to the film industry.

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

Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided on the following basis:

Freehold property
-
2% straight line
Plant and machinery
-
12.5% reducing balance
Motor vehicles
-
25% reducing balance
Office equipment
-
25% reducing balance

 
2.4

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

 
2.5

Debtors

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

 
2.6

Creditors

Short term creditors are measured at the transaction price.

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
ELSTREE EFFECTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting

 
2.9

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.10

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.11

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees



The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 4

 
ELSTREE EFFECTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£



Cost 


At 1 January 2023
254,397
166,331
36,400
6,633
463,761


Additions
-
2,165
9,754
-
11,919


Disposals
-
-
(31,000)
-
(31,000)



At 31 December 2023

254,397
168,496
15,154
6,633
444,680



Depreciation


At 1 January 2023
20,352
78,873
28,555
5,810
133,590


Charge for the year on owned assets
5,088
11,113
732
206
17,139


Disposals
-
-
(23,644)
-
(23,644)



At 31 December 2023

25,440
89,986
5,643
6,016
127,085



Net book value



At 31 December 2023
228,957
78,510
9,511
617
317,595



At 31 December 2022
234,045
87,458
7,845
823
330,171


5.


Debtors

2023
2022
£
£


Trade debtors
-
12,726

Other debtors
9,450
9,450

Prepayments and accrued income
11,119
8,536

20,569
30,712


Page 5

 
ELSTREE EFFECTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
62,419
61,994

Trade creditors
7,119
38,953

Taxation and social security
95,626
29,483

Other creditors
6,747
94,362

Accruals and deferred income
3,270
2,925

175,181
227,717



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
215,855
278,275


There is a fixed and floating charge over all the assets of the company in respect of the bank loan.


8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
62,419
61,994


Amounts falling due 2-5 years

Bank loans
129,242
177,384

Amounts falling due after more than 5 years

Bank loans
86,613
100,891

278,274
340,269


Page 6

 
ELSTREE EFFECTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Deferred taxation




2023


£






At beginning of year
(18,264)


Charged to profit or loss
(3,896)



At end of year
(22,160)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(22,160)
(18,264)


10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1 each
100
100



11.


Commitments under operating leases

At 31 December 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
37,800
37,800

Later than 1 year and not later than 5 years
9,450
47,250

47,250
85,050

 
Page 7