Registered number
13701230
BOUND SCRIPT PICTURES LIMITED
Filleted Accounts
31 October 2023
BOUND SCRIPT PICTURES LIMITED
Registered number: 13701230
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Current assets
Work in progress - 1,496,792
Debtors 3 1,345,950 1,359,514
Cash at bank and in hand 12,441 62,355
1,358,391 2,918,661
Creditors: amounts falling due within one year 4 (1,298,106) (1,660,906)
Net current assets 60,285 1,257,755
Net assets 60,285 1,257,755
Capital and reserves
Called up share capital 1 1
Profit and loss account 60,284 1,257,754
Shareholders' funds 60,285 1,257,755
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Susheel Kumar Thapliyal
Director
Approved by the board on 29 July 2024
BOUND SCRIPT PICTURES LIMITED
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. The Company produced the British qualifying film titled "Mister Mummy (pka Mr Mummy)" (the Film). All of the tunrover recognised by the Company relates only to this Film.
Cost of sales
Production cost of the Film is recognised in the profit & loss account as cost of sales on delivery of the Film to the acquirer.
Work in progress
Work in progress is measured at the lower of cost and estimated selling price less costs to complete and sell. Balance production cost of the Film at the last year balance sheet date was carried forward as work in progress on the basis that it was deemed recoverable from the future income/revenue of the Film. In the current year, work in progress transferred to cost of sales.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. The tax credit claimed relates to the Film. Deferred tax assets based on timing differences is not applicable in respect of this Company's claim for film tax credits.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 9
3 Debtors 2023 2022
£ £
VAT receivable - 76,891
Other debtors 1,345,950 1,282,623
1,345,950 1,359,514
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 5,000 352,316
Other creditors 1,293,106 1,308,590
1,298,106 1,660,906
5 Related party transactions
During the year ending 31 October 2023, Susheel Kumar Thapliyal invoiced the company for £10,005 (31/10/2022: £12,023) towards professional fee. Susheel Kumar Thapliyal is the director of the Company.
6 Controlling party
Mr Susheel Kumar Thapliyal, the director, shareholder and PSC of the Company is the ultimate controlling party.
7 Other information
BOUND SCRIPT PICTURES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
c/o Suite F
1-3 Canfield Place
London
NW6 3BT
BOUND SCRIPT PICTURES LIMITED 13701230 false 2022-11-01 2023-10-31 2023-10-31 VT Final Accounts April 2024 Susheel Kumar Thapliyal No description of principal activity 13701230 2021-10-25 2022-10-31 13701230 core:WithinOneYear 2022-10-31 13701230 core:ShareCapital 2022-10-31 13701230 core:RetainedEarningsAccumulatedLosses 2022-10-31 13701230 2022-11-01 2023-10-31 13701230 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 13701230 bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 13701230 bus:Director40 2022-11-01 2023-10-31 13701230 countries:England 2022-11-01 2023-10-31 13701230 bus:FRS102 2022-11-01 2023-10-31 13701230 bus:FilletedAccounts 2022-11-01 2023-10-31 13701230 2023-10-31 13701230 core:WithinOneYear 2023-10-31 13701230 core:ShareCapital 2023-10-31 13701230 core:RetainedEarningsAccumulatedLosses 2023-10-31 13701230 2022-10-31 iso4217:GBP xbrli:pure