Company registration number: 12311927
Unaudited financial statements
for the year ended 30 November 2023
for
Tilla Films Ltd
Pages for filing with the Registrar
Company registration number: 12311927
Tilla Films Ltd
Balance sheet
as at 30 November 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 4 5,725 1,879
5,725 1,879
Current assets
Debtors 683 8,622
Cash at bank and in hand 37,196 8,256
37,879 16,878
Creditors: amounts falling due within
one year
(19,841) (13,455)
Net current assets 18,038 3,423
Total assets less current liabilities 23,763 5,302
NET ASSETS 23,763 5,302
Capital and reserves
Called up share capital 1 1
Profit and loss account 23,762 5,301
TOTAL EQUITY 23,763 5,302
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 November 2023.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 12311927
Tilla Films Ltd
Balance sheet - continued
as at 30 November 2023
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr J Taylor, Director
24 August 2024
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Tilla Films Ltd
Notes to the financial statements
for the year ended 30 November 2023
1 Company information
The company is registered in England and Wales. Its registered number is 12311927. The company is ********. Its registered office is Flat 23, Wenlake House, London, London, EC1V 9JH.
2 Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention.
Presentation currency
The company's financial statements are presented in sterling.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Fixtures & fittings - 25% reducing balance
Computer equipment - 25% reducing balance
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
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Tilla Films Ltd
Notes to the financial statements - continued
for the year ended 30 November 2023
2 Accounting policies - continued
Foreign currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
3 Average number of employees
During the year the average number of employees was 1 (2022 - 1).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 December 2022 3,110
Additions 4,559
At 30 November 2023 7,669
Depreciation
At 1 December 2022 1,231
Charge for year 713
At 30 November 2023 1,944
Net book value
At 30 November 2023 5,725
At 30 November 2022 1,879
5 Advances, credit and guarantees granted to the director
The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022.
2023 2022
£ £
Mr Joseph Taylor
Balance outstanding at start of year - (11)
Amounts advanced - 66,483
Amounts repaid - (66,502)
Balance outstanding at end of year - (30)
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