Silverfin false false 29/02/2024 01/03/2023 29/02/2024 Mrs R M Beard 04/02/2015 Mr T R Beard 04/02/2015 28 August 2024 The principal activity of the Company during the financial year was that of television programme production activities. 09422534 2024-02-29 09422534 bus:Director1 2024-02-29 09422534 bus:Director2 2024-02-29 09422534 2023-02-28 09422534 core:CurrentFinancialInstruments 2024-02-29 09422534 core:CurrentFinancialInstruments 2023-02-28 09422534 core:ShareCapital 2024-02-29 09422534 core:ShareCapital 2023-02-28 09422534 core:RetainedEarningsAccumulatedLosses 2024-02-29 09422534 core:RetainedEarningsAccumulatedLosses 2023-02-28 09422534 core:Vehicles 2023-02-28 09422534 core:ComputerEquipment 2023-02-28 09422534 core:Vehicles 2024-02-29 09422534 core:ComputerEquipment 2024-02-29 09422534 bus:OrdinaryShareClass1 2024-02-29 09422534 bus:OrdinaryShareClass2 2024-02-29 09422534 2023-03-01 2024-02-29 09422534 bus:FilletedAccounts 2023-03-01 2024-02-29 09422534 bus:SmallEntities 2023-03-01 2024-02-29 09422534 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 09422534 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 09422534 bus:Director1 2023-03-01 2024-02-29 09422534 bus:Director2 2023-03-01 2024-02-29 09422534 core:Vehicles 2023-03-01 2024-02-29 09422534 core:ComputerEquipment 2023-03-01 2024-02-29 09422534 2022-03-01 2023-02-28 09422534 bus:OrdinaryShareClass1 2023-03-01 2024-02-29 09422534 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 09422534 bus:OrdinaryShareClass2 2023-03-01 2024-02-29 09422534 bus:OrdinaryShareClass2 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09422534 (England and Wales)

BEARDED FILMS LIMITED

Unaudited Financial Statements
For the financial year ended 29 February 2024
Pages for filing with the registrar

BEARDED FILMS LIMITED

Unaudited Financial Statements

For the financial year ended 29 February 2024

Contents

BEARDED FILMS LIMITED

BALANCE SHEET

As at 29 February 2024
BEARDED FILMS LIMITED

BALANCE SHEET (continued)

As at 29 February 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 18,357 26,589
18,357 26,589
Current assets
Debtors 4 2,324 1,095
Cash at bank and in hand 40,241 15,930
42,565 17,025
Creditors: amounts falling due within one year 5 ( 22,561) ( 11,451)
Net current assets 20,004 5,574
Total assets less current liabilities 38,361 32,163
Provision for liabilities ( 4,589) ( 5,052)
Net assets 33,772 27,111
Capital and reserves
Called-up share capital 6 2 2
Profit and loss account 33,770 27,109
Total shareholders' funds 33,772 27,111

For the financial year ending 29 February 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Bearded Films Limited (registered number: 09422534) were approved and authorised for issue by the Board of Directors on 28 August 2024. They were signed on its behalf by:

Mr T R Beard
Director
BEARDED FILMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
BEARDED FILMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Bearded Films Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Francis Clark Llp Melville Building East, Royal William Yard, Plymouth, PL1 3RP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of service in the ordinary course of the company's activities. Turnover is gross sales, including VAT, less payments due to HMRC using the VAT Flat Rate Scheme. Revenue is recognised in the period to which the work was undertaken.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Vehicles 33 % reducing balance
Computer equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Tangible assets

Vehicles Computer equipment Total
£ £ £
Cost
At 01 March 2023 36,615 7,723 44,338
Additions 0 335 335
At 29 February 2024 36,615 8,058 44,673
Accumulated depreciation
At 01 March 2023 12,876 4,873 17,749
Charge for the financial year 7,834 733 8,567
At 29 February 2024 20,710 5,606 26,316
Net book value
At 29 February 2024 15,905 2,452 18,357
At 28 February 2023 23,739 2,850 26,589

4. Debtors

2024 2023
£ £
Trade debtors 0 302
Other debtors 2,324 793
2,324 1,095

5. Creditors: amounts falling due within one year

2024 2023
£ £
Corporation tax 13,524 8,654
Other taxation and social security 6,462 720
Other creditors 2,575 2,077
22,561 11,451

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1 Ordinary A share of £ 1.00 1 1
1 Ordinary B share of £ 1.00 1 1
2 2

7. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Balance brought forward (793) 3,391
Advances made to the directors (2,636) (4,197)
Repayments made by directors 1,105 13
Balance carried forward (2,324) (793)

The loan to the directors is due to be repaid to the company within 9 months of the year end.