The Northern Light Cinema Ltd
Trial balance AutoHide is on Current year Comparative
Enter debits as + and credits as - [assets and expenses are debits] £ £
PROFIT AND LOSS ACCOUNT
Turnover Sales -24,905 -108,560
Cost of sales Purchases 1,905 43,761
Decrease/increase in stocks
Subcontractor costs
Direct labour 24,422
Carriage
Discounts allowed
Commissions payable
Other direct costs
Distribution costs Distribution costs
Employee costs Wages and salaries
Directors' salaries
Pensions
Bonuses
Employer's NI
Temporary staff and recruitment
Staff training and welfare
Travel and subsistence 115
Motor expenses
Entertaining
Premises costs Rent 10,800
Rates
Service charges
Light and heat 10,520 8,895
Cleaning 323 1,384
Use of home
General admin Telephone and fax
Postage
Postage, printing and stationery 159 646
Computer and internet 453 1,050
Fines and penalties
Subscriptions 114 806
Bank charges 84 152
Insurance 271
Equipment expensed 82 228
Equipment hire 1,500
Card processing 500 4,819
Repairs and maintenance 259 2,055
Depreciation 913 1,074
Amortisation of goodwill
Bad debts
Sundry expenses 1,579
Legal and professional costs Audit fees
Accountancy fees 350 475
Bookkeeping fees 513 2,050
Consultancy fees
Management fees 7,771
Advertising and PR 630
Other legal and professional 17,766
Other operating income Other operating income -2,667
P/l on disposal Land and buildings
Plant & machinery 50,036
Investments
Gain/loss on revaluation Fixed asset investments
Current asset investments - listed
Current asset investments - unlisted
Income from investments Income from investments
Interest receivable Interest receivable -31
Interest payable Interest payable 391 518
Non-equity dividends
Taxation Corporation tax 2 -2,809
Corporation tax - prior year adjustments
Deferred tax
Retained (profit)/loss 903 59,496
BALANCE SHEET
Intangible FA Cost - b/fwd 1,067
Cost - additions
Cost - disposals -1,067
Amortisation - b/fwd
Amortisation - provided in year
Amortisation - disposals
Improvements to property Cost - b/fwd 3,917
Cost - additions
Cost - revaluation
Cost - disposals -3,917
Depn - b/fwd -2,589
Depn - charge for the year
Depn - revaluation
Depn - disposals 2,589
Fixtures, fittings and equipment Cost - b/fwd 11,560 83,763
Cost - additions 4,590
Cost - disposals -76,792
Depn - b/fwd -5,577 -47,896
Depn - provided in year -913 -1,126
Depn - disposals 43,444
Motor vehicles Cost - b/fwd
Cost - additions
Cost - disposals
Depn - b/fwd
Depn - provided in year
Depn - disposals
Investments in subsidiaries B/fwd
Additions
Revaluation
Disposals
Other investments - listed B/fwd
Additions
Revaluation
Disposals
Other investments - unlisted B/fwd
Additions
Revaluation
Disposals
Stocks Stocks
Debtors Trade debtors 2,178
Due from group undertakings
Other debtors 8,012 4,559
Current asset investments Listed
Unlisted
Cash at bank Cash at bank 126 14,705
Creditors less than 1yr Bank loans and overdrafts
Bank loans -2,870 -3,909
Finance lease and HP contracts
Trade creditors
Due to group undertakings
Corporation tax -2
Other taxes and social security -3,053 -4,339
Proposed dividends
Accrued preference dividends
Non-equity preference shares
Other creditors -1,797 -8,827
Creditors greater than 1yr Bank loans -10,046 -14,008
Finance lease and HP contracts
Trade creditors
Due to group undertakings
Non-equity preference shares
Other creditors
Deferred tax B/fwd
Charged to the p/l account
Charged to other comprehensive income
Share capital B/fwd -1 -1
Shares issued
Shares redeemed
Share premium B/fwd
On shares issued
Expenses of issue
Revaluation reserve B/fwd
Gain on revaluation of land and buildings
Deferred taxation arising on the revaluation of land and buildings
Profit and loss account B/fwd 3,658 -55,837
Equity dividends
Totals (all should be zero) 0 0
The Northern Light Cinema Ltd
Data not obtained from trial balance AutoHide is on
Enter data in the white spaces Enter numbers as + unless indicated Current year Comparative
Units (eg £ or £000) £ include a trailing space
Company registration number 08323994
Date
Approval date of the accounts by the board 13.03.24
Date
Date of signing on the audit/accountants report 13.03.24
Date of engagement letter (required for Date
CA and ACCA reports)
Person signing directors' report:
Name of director Esther Patterson
Or, name of secretary
Name of director signing balance sheet Esther Patterson
Address of registered office:
Address line 1 The Malthouse
Address line 2 13 North End
City or town Wirksworth
County or region Derbyshire
Postcode DE4 4FG
Name of senior statutory auditor
Name of auditors/accountants Hazel Accountancy Services
Type of firm (eg Chartered Accountants) Accountants
Address of auditors/accountants
Address line 1 1 Manor Cottages
Address line 2 Little Longstone
City or town Bakewell
County or region
Postcode DE45 1NN
Prior year adjustments (+ for a gain; - for a loss) £
Correction of prior year errors
Effect of retrospective changes in accounting policies
More info on prior year adjustments
Number Number
Average number of persons employed by the company - 8
Freehold land & buildings if
revalued amounts shown in trial balance: £ £
historical cost
cumulative depreciation based on cost
Historical cost of fixed asset investments £ £
Investments in subsidiaries
Other investments
£ £
Amounts due after more than one year included in debtors
Amounts included in creditors falling due for payment
after more than five years: £ £
Payable otherwise than by installment
Payable by installment
£ £
Secured bank loans included in creditors
Capital commitments: £ £
contracted
Total future payments due under non-cancellable £ £
operating leases
Registered number
08323994
Amending
The Northern Light Cinema Ltd
Filleted Accounts
31 December 2023
The Northern Light Cinema Ltd
Registered number: 08323994
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 5,070 5,983
Current assets
Debtors 4 8,012 6,737
Cash at bank and in hand 126 14,705
8,138 21,442
Creditors: amounts falling due within one year 5 (7,722) (17,075)
Net current assets 416 4,367
Total assets less current liabilities 5,486 10,350
Creditors: amounts falling due after more than one year 6 (10,046) (14,008)
Net liabilities (4,560) (3,658)
Capital and reserves
Called up share capital 1 1
Profit and loss account (4,561) (3,659)
Shareholders' funds (4,560) (3,658)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Esther Patterson
Director
Approved by the board on 13.03.24
The Northern Light Cinema Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 15% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 11,560
At 31 December 2023 11,560
Depreciation
At 1 January 2023 5,577
Charge for the year 913
At 31 December 2023 6,490
Net book value
At 31 December 2023 5,070
At 31 December 2022 5,983
4 Debtors 2023 2022
£ £
Trade debtors - 2,178
Other debtors 8,012 4,559
8,012 6,737
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 2,870 3,909
Other taxes and social security costs 3,053 4,339
Other creditors 1,797 8,827
7,722 17,075
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 10,046 14,008
7 Controlling party
The controlling party is Mrs E Patterson
8 Other information
The Northern Light Cinema Ltd is a private company limited by shares and incorporated in England. Its registered office is:
The Malthouse
13 North End
9 Transactions with the director
The director, Mrs E Patterson, has a loan account with the company, she owed the company £3453
at 31.12.2023
Amount owing Maximum
2023 2022 in year
£ £ £
3,453 8,297 8,297
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