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Company Registration No. 06522118 (England and Wales)
Wagon Films Ltd Unaudited accounts for the year ended 31 March 2024
Wagon Films Ltd Unaudited accounts Contents
Page
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Wagon Films Ltd Company Information for the year ended 31 March 2024
Directors
C Walls J M E Taborn
Company Number
06522118 (England and Wales)
Registered Office
53 St. Augustines Road Canterbury Kent CT1 1XR
Accountants
P K Shah & Co Ltd 205 Cat Hill Barnet London EN4 8HS
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Wagon Films Ltd for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Wagon Films Ltd for the year ended 31 March 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
P K Shah & Co Ltd Chartered Accountants 205 Cat Hill Barnet London EN4 8HS 18 August 2024
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Wagon Films Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,530 
9,475 
Current assets
Cash at bank and in hand
84,209 
2,788 
Creditors: amounts falling due within one year
(61,775)
(43,335)
Net current assets/(liabilities)
22,434 
(40,547)
Total assets less current liabilities
31,964 
(31,072)
Creditors: amounts falling due after more than one year
(99,036)
(28,558)
Net liabilities
(67,072)
(59,630)
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
(68,072)
(60,630)
Shareholders' funds
(67,072)
(59,630)
For the year ending 31 March 2024 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 August 2024 and were signed on its behalf by
C Walls Director Company Registration No. 06522118
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Wagon Films Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Wagon Films Ltd is a private company, limited by shares, registered in England and Wales, registration number 06522118. The registered office is 53 St. Augustines Road, Canterbury, Kent, CT1 1XR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on written down basis
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2023
37,321 
Additions
3,232 
At 31 March 2024
40,553 
Depreciation
At 1 April 2023
27,846 
Charge for the year
3,177 
At 31 March 2024
31,023 
Net book value
At 31 March 2024
9,530 
At 31 March 2023
9,475 
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Wagon Films Ltd Notes to the Accounts for the year ended 31 March 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,829 
8,362 
Taxes and social security
50,475 
34,969 
Loans from directors
471 
4 
61,775 
43,335 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
22,784 
28,558 
Trade creditors
76,252 
- 
99,036 
28,558 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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