LTC Film Services Ltd 07921602 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of film set construction. Digita Accounts Production Advanced 6.30.9574.0 true 07921602 2023-04-01 2024-03-31 07921602 2024-03-31 07921602 core:RetainedEarningsAccumulatedLosses 2024-03-31 07921602 core:ShareCapital 2024-03-31 07921602 core:CurrentFinancialInstruments 2024-03-31 07921602 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 07921602 core:FurnitureFittings 2024-03-31 07921602 core:OfficeEquipment 2024-03-31 07921602 core:PlantMachinery 2024-03-31 07921602 bus:SmallEntities 2023-04-01 2024-03-31 07921602 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 07921602 bus:FullAccounts 2023-04-01 2024-03-31 07921602 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07921602 bus:RegisteredOffice 2023-04-01 2024-03-31 07921602 bus:CompanySecretary1 2023-04-01 2024-03-31 07921602 bus:Director2 2023-04-01 2024-03-31 07921602 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07921602 core:FurnitureFittings 2023-04-01 2024-03-31 07921602 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 07921602 core:OfficeEquipment 2023-04-01 2024-03-31 07921602 core:PlantMachinery 2023-04-01 2024-03-31 07921602 core:ToolsEquipment 2023-04-01 2024-03-31 07921602 countries:AllCountries 2023-04-01 2024-03-31 07921602 2023-03-31 07921602 core:FurnitureFittings 2023-03-31 07921602 core:OfficeEquipment 2023-03-31 07921602 core:PlantMachinery 2023-03-31 07921602 2022-04-01 2023-03-31 07921602 2023-03-31 07921602 core:RetainedEarningsAccumulatedLosses 2023-03-31 07921602 core:ShareCapital 2023-03-31 07921602 core:CurrentFinancialInstruments 2023-03-31 07921602 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 07921602 core:FurnitureFittings 2023-03-31 07921602 core:OfficeEquipment 2023-03-31 07921602 core:PlantMachinery 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07921602

LTC Film Services Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 March 2024

 

LTC Film Services Ltd

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

LTC Film Services Ltd

Company Information

Director

Leigh Thurbon

Company secretary

Brenda Susan Thurbon

Registered office

Suite 1B1 Argyle House
Northside
Joel Street
Northwood Hills
HA6 1NW

Accountants

Ross + Partners
Chartered Certified Accountants
Suite 1B1 Argyle House
Northside
Joel Street
Northwood Hills
HA6 1NW

 

LTC Film Services Ltd

(Registration number: 07921602)
Abridged Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

2,881

1,527

Current assets

 

Debtors

3,257

2,022

Cash at bank and in hand

 

135,851

128,649

 

139,108

130,671

Creditors: Amounts falling due within one year

(21,005)

(19,212)

Net current assets

 

118,103

111,459

Total assets less current liabilities

 

120,984

112,986

Provisions for liabilities

(720)

(290)

Net assets

 

120,264

112,696

Capital and reserves

 

Called up share capital

100

100

Retained earnings

120,164

112,596

Shareholders' funds

 

120,264

112,696

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 6 August 2024
 

 

LTC Film Services Ltd

(Registration number: 07921602)
Abridged Balance Sheet as at 31 March 2024

.........................................
Leigh Thurbon
Director

   
     
 

LTC Film Services Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

 

LTC Film Services Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings & equipment

25% straight line basis

Tools and equipment

25% straight line basis

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

3

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 April 2023

6,734

1,970

-

8,704

Additions

2,634

-

-

2,634

At 31 March 2024

9,368

1,970

-

11,338

Depreciation

At 1 April 2023

5,402

1,775

-

7,177

Charge for the year

1,228

52

-

1,280

At 31 March 2024

6,630

1,827

-

8,457

Carrying amount

At 31 March 2024

2,738

143

-

2,881

At 31 March 2023

1,332

(7)

202

1,527

 

LTC Film Services Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

4

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

90

90

90

90

Ordinary B of £1 each

10

10

10

10

 

100

100

100

100