Registered number
10540259
Emagine Films Ltd
Filleted Accounts
31 December 2023
Emagine Films Ltd
Registered number: 10540259
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Current assets
Cash at bank and in hand 165 1,856
Creditors: amounts falling due within one year 3 (98,089) (99,433)
Net current liabilities (97,924) (97,577)
Total assets less current liabilities (97,924) (97,577)
Creditors: amounts falling due after more than one year 4 (26,000) (26,000)
Net liabilities (123,924) (123,577)
Capital and reserves
Called up share capital 100,000 100,000
Profit and loss account (223,924) (223,577)
Shareholder's funds (123,924) (123,577)
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 member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
David Wong
Director
Approved by the board on 18 September 2024
Emagine Films 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 999 1,000
Taxation and social security costs - (200)
Other creditors 97,090 98,633
98,089 99,433
4 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 26,000 26,000
5 Other information
Emagine Films Ltd is a private company limited by shares and incorporated in England. Its registered office is:
860-862 Garratt Lane
London
SW17 0NB
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