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Registration number: 07468761

Wells Film Construction Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 December 2023

 

Wells Film Construction Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 5

 

Wells Film Construction Limited

Company Information

Director

A Wells

Registered office

21 Torcross Road
Ruislip
HA4 0TA

Accountants

Ross + Partners
Chartered Certified Accountants
Suite 1B1 Argyle House
Northside
Joel Street
Northwood Hills
HA6 1NW

 

Wells Film Construction Limited

(Registration number: 07468761)
Abridged Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

3

856

5,345

Investments

1,200

1,200

 

2,056

6,545

Current assets

 

Debtors

19,993

2,056

Cash at bank and in hand

 

1,368

19,568

 

21,361

21,624

Creditors: Amounts falling due within one year

(15,201)

(16,842)

Net current assets

 

6,160

4,782

Total assets less current liabilities

 

8,216

11,327

Creditors: Amounts falling due after more than one year

(6,836)

(10,202)

Provisions for liabilities

(95)

(729)

Net assets

 

1,285

396

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

285

(604)

Shareholders' funds

 

1,285

396

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 24 September 2024
 

 

Wells Film Construction Limited

(Registration number: 07468761)
Abridged Balance Sheet as at 31 December 2023

.........................................
A Wells
Director

   
     
 

Wells Film Construction Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% straight line

Fixtures and fittings

20% straight line

Office equipment

33.33% straight line

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Wells Film Construction Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

3

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 January 2023

15,005

13,790

10,185

38,980

At 31 December 2023

15,005

13,790

10,185

38,980

Depreciation

At 1 January 2023

13,055

13,790

6,790

33,635

Charge for the year

1,094

-

3,395

4,489

At 31 December 2023

14,149

13,790

10,185

38,124

Carrying amount

At 31 December 2023

856

-

-

856

At 31 December 2022

1,950

-

3,395

5,345

4

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

1,000

1,000

1,000

1,000