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REGISTERED NUMBER: 02774566 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

REVELATION FILMS LIMITED

REVELATION FILMS LIMITED (REGISTERED NUMBER: 02774566)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REVELATION FILMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: A Carne
T Drane





SECRETARY: J Carne





REGISTERED OFFICE: 467 Rainham Road South
Dagenham
Essex
RM10 7XJ





REGISTERED NUMBER: 02774566 (England and Wales)





ACCOUNTANTS: Pickering Evennett Limited
467 Rainham Road South
Dagenham
Essex
RM10 7XJ

REVELATION FILMS LIMITED (REGISTERED NUMBER: 02774566)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,151 11,267

CURRENT ASSETS
Stocks 5 340,292 252,587
Debtors 6 351,062 339,762
Cash at bank 29,495 81,037
720,849 673,386
CREDITORS
Amounts falling due within one year 7 250,756 330,111
NET CURRENT ASSETS 470,093 343,275
TOTAL ASSETS LESS CURRENT
LIABILITIES

481,244

354,542

CREDITORS
Amounts falling due after more than one
year

8

230,218

157,960
NET ASSETS 251,026 196,582

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 250,926 196,482
SHAREHOLDERS' FUNDS 251,026 196,582

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

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

The directors acknowledge their 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.

REVELATION FILMS LIMITED (REGISTERED NUMBER: 02774566)

BALANCE SHEET - continued
30 SEPTEMBER 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 Board of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by:





A Carne - Director


REVELATION FILMS LIMITED (REGISTERED NUMBER: 02774566)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

Revelation Films 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.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

REVELATION FILMS LIMITED (REGISTERED NUMBER: 02774566)

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


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2022
and 30 September 2023 17,253 37,460 54,713
DEPRECIATION
At 1 October 2022 16,726 26,720 43,446
Charge for year 20 96 116
At 30 September 2023 16,746 26,816 43,562
NET BOOK VALUE
At 30 September 2023 507 10,644 11,151
At 30 September 2022 527 10,740 11,267

5. STOCKS
2023 2022
£    £   
Stocks 334,272 216,563
Payments on account 6,020 36,024
340,292 252,587

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 220,862 198,487
Other debtors 130,200 141,275
351,062 339,762

REVELATION FILMS LIMITED (REGISTERED NUMBER: 02774566)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 25,493 32,166
Trade creditors 67,368 78,378
Taxation and social security 141,884 176,403
Other creditors 16,011 43,164
250,756 330,111

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 163,500 73,156
Other creditors 66,718 84,804
230,218 157,960

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 25,493 32,166
Bank loans 163,500 73,156
188,993 105,322

The bank holds a debenture in respect of the company assets, together with personal guarantees given by the Directors. Mr A Carne has also given personal guarantees for additional financial loans made to the company.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2023 and 30 September 2022:

2023 2022
£    £   
A Carne and T Drane
Balance outstanding at start of year 74,579 55,281
Amounts advanced 33,378 19,298
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 107,957 74,579

Interest has been charged on overdrawn loan account.

Advances during the year have been repaid in 2024.

REVELATION FILMS LIMITED (REGISTERED NUMBER: 02774566)

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


11. ULTIMATE CONTROLLING PARTY

The controlling party is A Carne.

The ultimate controlling party is Mr A Carne.