5 false false true false false false false false false false true false false false false false false No description of principal activity 2022-12-01 Sage Accounts Production Advanced 2023 - FRS102_2023 25,000 17,917 5,000 22,917 2,083 7,083 xbrli:pure xbrli:shares iso4217:GBP 06912652 2022-12-01 2023-11-30 06912652 2023-11-30 06912652 2022-11-30 06912652 2021-12-01 2022-11-30 06912652 2022-11-30 06912652 2021-11-30 06912652 core:NetGoodwill 2022-12-01 2023-11-30 06912652 core:PlantMachinery 2022-12-01 2023-11-30 06912652 core:MotorVehicles 2022-12-01 2023-11-30 06912652 bus:Director1 2022-12-01 2023-11-30 06912652 core:NetGoodwill 2022-11-30 06912652 core:NetGoodwill 2023-11-30 06912652 core:PlantMachinery 2022-11-30 06912652 core:MotorVehicles 2022-11-30 06912652 core:PlantMachinery 2023-11-30 06912652 core:MotorVehicles 2023-11-30 06912652 core:WithinOneYear 2023-11-30 06912652 core:WithinOneYear 2022-11-30 06912652 core:ShareCapital 2023-11-30 06912652 core:ShareCapital 2022-11-30 06912652 core:RetainedEarningsAccumulatedLosses 2023-11-30 06912652 core:RetainedEarningsAccumulatedLosses 2022-11-30 06912652 core:NetGoodwill 2022-11-30 06912652 core:PlantMachinery 2022-11-30 06912652 core:MotorVehicles 2022-11-30 06912652 bus:SmallEntities 2022-12-01 2023-11-30 06912652 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 06912652 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 06912652 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 06912652 bus:FullAccounts 2022-12-01 2023-11-30 06912652 core:ComputerEquipment 2022-12-01 2023-11-30 06912652 core:ComputerEquipment 2022-11-30 06912652 core:ComputerEquipment 2023-11-30
COMPANY REGISTRATION NUMBER: 06912652
Si Fi Productions Limited
Filleted Unaudited Financial Statements
For the year ended
30 November 2023
Si Fi Productions Limited
Statement of Financial Position
30 November 2023
2023
2022
Note
£
£
£
Fixed assets
Intangible assets
5
2,083
7,083
Tangible assets
6
49,117
42,549
--------
--------
51,200
49,632
Current assets
Debtors
7
1,249,325
622,032
Cash at bank and in hand
1,031,005
1,135,893
------------
------------
2,280,330
1,757,925
Creditors: amounts falling due within one year
8
421,174
389,147
------------
------------
Net current assets
1,859,156
1,368,778
------------
------------
Total assets less current liabilities
1,910,356
1,418,410
Provisions
Taxation including deferred tax
10,240
20,053
------------
------------
Net assets
1,900,116
1,398,357
------------
------------
Capital and reserves
Called up share capital
100
100
Profit and loss account
1,900,016
1,398,257
------------
------------
Shareholder funds
1,900,116
1,398,357
------------
------------
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 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Si Fi Productions Limited
Statement of Financial Position (continued)
30 November 2023
These financial statements were approved by the board of directors and authorised for issue on 17 July 2024 , and are signed on behalf of the board by:
S J Fisher
Director
Company registration number: 06912652
Si Fi Productions Limited
Notes to the Financial Statements
Year ended 30 November 2023
1. General information
The trading address of the company is 106 Lincoln Road, Deeping Gate, Cambridgeshire, PE6 9BA.
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.
Revenue recognition
The turnover shown in the profit and loss account represents amounts receivable for services rendered during the period, exclusive of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
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:
Plant & machinery
-
20% straight line
Motor vehicle
-
25% reducing balance
IT equipment
-
33% straight line
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2022: 13 ).
5. Intangible assets
Goodwill
£
Cost
At 1 December 2022 and 30 November 2023
25,000
--------
Amortisation
At 1 December 2022
17,917
Charge for the year
5,000
--------
At 30 November 2023
22,917
--------
Carrying amount
At 30 November 2023
2,083
--------
At 30 November 2022
7,083
--------
6. Tangible assets
Plant and machinery
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 December 2022
6,508
53,678
12,410
72,596
Additions
1,025
20,954
21,979
-------
--------
--------
--------
At 30 November 2023
7,533
53,678
33,364
94,575
-------
--------
--------
--------
Depreciation
At 1 December 2022
4,006
20,313
5,728
30,047
Charge for the year
1,034
8,341
6,036
15,411
-------
--------
--------
--------
At 30 November 2023
5,040
28,654
11,764
45,458
-------
--------
--------
--------
Carrying amount
At 30 November 2023
2,493
25,024
21,600
49,117
-------
--------
--------
--------
At 30 November 2022
2,502
33,365
6,682
42,549
-------
--------
--------
--------
7. Debtors
2023
2022
£
£
Trade debtors
562,589
Other debtors
686,736
622,032
------------
---------
1,249,325
622,032
------------
---------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Social security and other taxes
223,198
336,455
Other creditors
197,976
52,692
---------
---------
421,174
389,147
---------
---------
9. Directors' advances, credits and guarantees
The director maintained loan account with the company throughout the year. As at the balance sheet date the director owed the company £146,309 (2022 £226,145). Interest of £1,411 was charged, no amounts were written off and the balance is repayable on demand.