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Registered number: 06376416
Handmade Films Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Cleverdons
Chartered Accountants
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06376416
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,873 -
Tangible Assets 5 23 69
4,896 69
CURRENT ASSETS
Stocks 6 15,603 16,015
Debtors 7 150,175 124,881
Cash at bank and in hand 141,465 42,324
307,243 183,220
Creditors: Amounts Falling Due Within One Year 8 (273,860 ) (153,506 )
NET CURRENT ASSETS (LIABILITIES) 33,383 29,714
TOTAL ASSETS LESS CURRENT LIABILITIES 38,279 29,783
NET ASSETS 38,279 29,783
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 38,277 29,781
SHAREHOLDERS' FUNDS 38,279 29,783
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Symon Drake-Brockman
Director
Mr Christopher Bucknall
Director
Mrs Trudi Francis
Director
16 August 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Handmade Films Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06376416 . The registered office is 7 The Broadway, Broadstairs, Kent, CT10 2AD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Turnover
Income recognition

Income from the exploitation of film and film music rights is recognised when the right to receive payment is established. Fees received as agent for the collection of rights is recognised when received.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are web domains.  It is amortised to Profit and Loss Account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% straight line
Computer Equipment 33% straight line
2.5. Stocks and Work in Progress
Stocks and work in progress 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. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Intangible Assets
Other Intangible Assets
£
Cost
As at 1 January 2023 -
Additions 5,268
As at 31 December 2023 5,268
Amortisation
As at 1 January 2023 -
Provided during the period 395
As at 31 December 2023 395
Net Book Value
As at 31 December 2023 4,873
As at 1 January 2023 -
5. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 January 2023 1,243
As at 31 December 2023 1,243
Depreciation
As at 1 January 2023 1,174
Provided during the period 46
As at 31 December 2023 1,220
Net Book Value
As at 31 December 2023 23
As at 1 January 2023 69
6. Stocks
2023 2022
£ £
Stock 15,603 16,015
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Page 5
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 23,672 26,858
Other debtors 126,503 98,023
150,175 124,881
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,222 4,327
Amounts owed to group undertakings - 30,910
Amounts owed to participating interests - 104,770
Other creditors 269,232 3,958
Taxation and social security 3,406 9,541
273,860 153,506
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
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