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Company Registration No. 09001069 (England and Wales)
Wannabe Films Limited Unaudited accounts for the period from 1 May 2023 to 31 December 2023
Wannabe Films Limited Unaudited accounts Contents
Page
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Wannabe Films Limited Company Information for the period from 1 May 2023 to 31 December 2023
Director
Marco Calabrese
Company Number
09001069 (England and Wales)
Registered Office
128 CITY ROAD LONDON EC1V 2NX United Kingdom
Accountants
DJB Accounting Ltd 34 Knockmoyle Drive Greystone Road Antrim BT41 1HE
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Wannabe Films Limited Accountants' report
Accountants' report to the director of Wannabe Films Limited on the preparation of the unaudited statutory accounts for the period from 1 May 2023 to 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Wannabe Films Limited for the period from 1 May 2023 to 31 December 2023 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Wannabe Films Limited, as a body, in accordance with the terms of our engagement letter dated 1 May 2023. Our work has been undertaken solely to prepare for your approval the accounts of Wannabe Films Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wannabe Films Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Wannabe Films Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Wannabe Films Limited. You consider that Wannabe Films Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Wannabe Films Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
DJB Accounting Ltd 34 Knockmoyle Drive Greystone Road Antrim BT41 1HE 22 August 2024
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Wannabe Films Limited Statement of financial position as at 31 December 2023
31/12/2023 
30/04/2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
1,375 
Current assets
Cash at bank and in hand
365,307 
285,258 
Creditors: amounts falling due within one year
(151,566)
(18,692)
Net current assets
213,741 
266,566 
Net assets
213,741 
267,941 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
213,740 
267,940 
Shareholders' funds
213,741 
267,941 
For the period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 August 2024 and were signed on its behalf by
Marco Calabrese Director Company Registration No. 09001069
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Wannabe Films Limited Notes to the Accounts for the period from 1 May 2023 to 31 December 2023
1
Statutory information
Wannabe Films Limited is a private company, limited by shares, registered in England and Wales, registration number 09001069. The registered office is 128 CITY ROAD, LONDON, EC1V 2NX, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
50% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
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 accounts. 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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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Wannabe Films Limited Notes to the Accounts for the period from 1 May 2023 to 31 December 2023
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Investments
Investments in shares are included at fair value.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Going concern
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director shall continue to adopt the going concern basis of accounting in preparing the financial statements.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 May 2023
8,968 
At 31 December 2023
8,968 
Depreciation
At 1 May 2023
7,593 
Charge for the period
1,375 
At 31 December 2023
8,968 
Net book value
At 31 December 2023
- 
At 30 April 2023
1,375 
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Wannabe Films Limited Notes to the Accounts for the period from 1 May 2023 to 31 December 2023
5
Creditors: amounts falling due within one year
31/12/2023 
30/04/2023 
£ 
£ 
VAT
2,908 
2,888 
Taxes and social security
13,549 
7,072 
Loans from directors
134,197 
8,352 
Accruals
912 
380 
151,566 
18,692 
6
Average number of employees
During the period the average number of employees was 1 (30/04/2023: 1).
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