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REGISTERED NUMBER: 10485558 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30TH NOVEMBER 2023

FOR

SPS FILM LIGHTING LIMITED

SPS FILM LIGHTING LIMITED (REGISTERED NUMBER: 10485558)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SPS FILM LIGHTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTOR: S.P. Smith





REGISTERED OFFICE: 225 London Road
Burgess Hill
West Sussex
RH15 9QU





REGISTERED NUMBER: 10485558 (England and Wales)





ACCOUNTANTS: Peter Lawson & Co.
225 London Road
Burgess Hill
West Sussex
RH15 9QU

SPS FILM LIGHTING LIMITED (REGISTERED NUMBER: 10485558)

BALANCE SHEET
30TH NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 113,177 141,024

CURRENT ASSETS
Debtors 5 32,492 9,833
Cash at bank and in hand 255,597 309,017
288,089 318,850
CREDITORS
Amounts falling due within one year 6 31,701 25,315
NET CURRENT ASSETS 256,388 293,535
TOTAL ASSETS LESS CURRENT
LIABILITIES

369,565

434,559

PROVISIONS FOR LIABILITIES 21,504 26,795
NET ASSETS 348,061 407,764

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 348,060 407,763
SHAREHOLDERS' FUNDS 348,061 407,764

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SPS FILM LIGHTING LIMITED (REGISTERED NUMBER: 10485558)

BALANCE SHEET - continued
30TH 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28th August 2024 and were signed by:





S.P. Smith - Director


SPS FILM LIGHTING LIMITED (REGISTERED NUMBER: 10485558)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023

1. STATUTORY INFORMATION

SPS Film Lighting Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

SPS FILM LIGHTING LIMITED (REGISTERED NUMBER: 10485558)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1st December 2022 25,090 81,279 91,090 666 198,125
Additions - 1,335 - - 1,335
At 30th November 2023 25,090 82,614 91,090 666 199,460
DEPRECIATION
At 1st December 2022 - 33,234 23,226 641 57,101
Charge for year - 12,191 16,966 25 29,182
At 30th November 2023 - 45,425 40,192 666 86,283
NET BOOK VALUE
At 30th November 2023 25,090 37,189 50,898 - 113,177
At 30th November 2022 25,090 48,045 67,864 25 141,024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 30,565 7,665
Prepayments 1,927 2,168
32,492 9,833

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation Tax 1,823 22,140
VAT 4,366 683
Directors' current accounts 24,212 1,192
Accrued expenses 1,300 1,300
31,701 25,315

7. CAPITAL COMMITMENTS
2023 2022
£    £   
Contracted but not provided for in the
financial statements - -

SPS FILM LIGHTING LIMITED (REGISTERED NUMBER: 10485558)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th November 2023 and 30th November 2022:

2023 2022
£    £   
S.P. Smith
Balance outstanding at start of year (1,192 ) (1,378 )
Amounts advanced - 186
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (1,192 )