Company registration number 10110176 (England and Wales)
MY LIFE STORY FILM LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
PAGES FOR FILING WITH REGISTRAR
MY LIFE STORY FILM LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
MY LIFE STORY FILM LIMITED
BALANCE SHEET
AS AT 30 NOVEMBER 2023
30 November 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
3
797
5,731
Cash at bank and in hand
3,416
1,388
4,213
7,119
Creditors: amounts falling due within one year
4
(113,128)
(122,628)
Net current liabilities
(108,915)
(115,509)
Capital and reserves
Called up share capital
4,688
4,688
Share premium account
148,500
148,500
Profit and loss reserves
(262,103)
(268,697)
Total equity
(108,915)
(115,509)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 22 August 2024
Mr G Blackburn
Director
Company Registration No. 10110176
MY LIFE STORY FILM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 2 -
1
Accounting policies
Company information
My Life Story Film Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3rd Floor, The Bloomsbury Building, 10 Bloomsbury Way, Holborn, WC1A 2SL.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
At the reporting date the company had net liabilities of £108,915 and is dependent on the support of its directors and investors who have confirmed their intention not to support the company any further.
As a result the directors do not believe it is appropriate to prepare the accounts on a going concern basis. The directors are looking to appoint a liquidator in order to formally wind down the company.
1.3
Turnover
Revenue comprises distribution revenue receivable and is recognised in the Profit and Loss Account in the period it is contractually due.
1.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.5
Financial instruments
The company only has financial instruments which are classified as basic financial instruments.
Short-term debtors and creditors are measured at the settlement value. Any losses from impairment are recognised in profit and loss.
Bank loans are initially recorded at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method.
1.6
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
MY LIFE STORY FILM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
1
1
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
797
5,731
4
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
47,319
53,319
Other creditors
65,809
69,309
113,128
122,628
5
Related party transactions
Transactions with related parties
At the balance sheet date the company owes Graham McPherson, a majority shareholder of My Life Story Film Limited, £58,078 (2022: £58,078).