Syrup Films Limited
Unaudited Financial Statements
For the year ended 31 October 2023
Pages for Filing with Registrar
Company Registration No. 08723888 (England and Wales)
Syrup Films Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
Syrup Films Limited
Balance Sheet
As at 31 October 2023
Page 1
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
3,237
13,218
Current assets
Debtors
4
172,128
182,058
Cash at bank and in hand
87,333
54,905
259,461
236,963
Creditors: amounts falling due within one year
5
(96,909)
(69,850)
Net current assets
162,552
167,113
Total assets less current liabilities
165,789
180,331
Creditors: amounts falling due after more than one year
6
(27,095)
(33,666)
Net assets
138,694
146,665
Capital and reserves
Called up share capital
7
1
1
Profit and loss reserves
138,693
146,664
Total equity
138,694
146,665

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

Syrup Films Limited
Balance Sheet (Continued)
As at 31 October 2023
Page 2
The financial statements were approved and signed by the director and authorised for issue on 31 July 2024
Mr Y M Demange
Director
Company Registration No. 08723888
Syrup Films Limited
Notes to the Financial Statements
For the year ended 31 October 2023
Page 3
1
Accounting policies
Company information

Syrup Films Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6th Floor, Charlotte Building, 17 Gresse Street, London, United Kingdom, W1T 1QL.

1.1
Accounting convention

These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

1.2
Going concern

These financial statements are prepared on the going concern basis. The profit after taxation for the year was £37,true029 (2022: £12,997). The net assets at the balance sheet date were £138,694 (2022: £146,665). The company continues to be supported by its director and is able to meet its liabilities as they fall due. The director has therefore deemed it appropriate for the financial statements to be prepared on the going concern basis.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from contracts for the provision of services is recognised by reference to the stage of completion.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
25% straight line basis
Computer equipment
25% straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.

1.6
Financial instruments

The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

Syrup Films Limited
Notes to the Financial Statements (Continued)
For the year ended 31 October 2023
1
Accounting policies
(Continued)
Page 4
1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 1 (2022 - 1).

2023
2022
Number
Number
Total
1
1
Syrup Films Limited
Notes to the Financial Statements (Continued)
For the year ended 31 October 2023
Page 5
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2022 and 31 October 2023
64,319
Depreciation and impairment
At 1 November 2022
51,101
Depreciation charged in the year
9,981
At 31 October 2023
61,082
Carrying amount
At 31 October 2023
3,237
At 31 October 2022
13,218
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
111,509
182,058
Prepayments and accrued income
60,619
-
0
172,128
182,058
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
4,800
-
0
Corporation tax
72,398
53,305
Other taxation and social security
-
0
2,378
Other creditors
17,711
11,667
Accruals and deferred income
2,000
2,500
96,909
69,850
Syrup Films Limited
Notes to the Financial Statements (Continued)
For the year ended 31 October 2023
Page 6
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
27,095
33,666
7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1
1
1
1
8
Related party transactions

During the year dividends were paid to the director of £45,000 (2022: £40,000).

 

As at the year end, the company owed an amount of £6,044 to (2022: £21,792 owed from) the director.

9
Parent company

The ultimate controlling party us Y Demange by virtue of his majority shareholding.

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