Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31No description of principal activity2023-01-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsefalsefalse44true NI603721 2023-01-01 2023-12-31 NI603721 2022-01-01 2022-12-31 NI603721 2023-12-31 NI603721 2022-12-31 NI603721 c:Director2 2023-01-01 2023-12-31 NI603721 d:FurnitureFittings 2023-01-01 2023-12-31 NI603721 d:FurnitureFittings 2023-12-31 NI603721 d:FurnitureFittings 2022-12-31 NI603721 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 NI603721 d:ComputerEquipment 2023-01-01 2023-12-31 NI603721 d:ComputerEquipment 2023-12-31 NI603721 d:ComputerEquipment 2022-12-31 NI603721 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 NI603721 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 NI603721 d:CurrentFinancialInstruments 2023-12-31 NI603721 d:CurrentFinancialInstruments 2022-12-31 NI603721 d:Non-currentFinancialInstruments 2023-12-31 NI603721 d:Non-currentFinancialInstruments 2022-12-31 NI603721 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 NI603721 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 NI603721 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 NI603721 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 NI603721 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 NI603721 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 NI603721 d:ShareCapital 2023-12-31 NI603721 d:ShareCapital 2022-12-31 NI603721 d:RetainedEarningsAccumulatedLosses 2023-12-31 NI603721 d:RetainedEarningsAccumulatedLosses 2022-12-31 NI603721 c:OrdinaryShareClass1 2023-01-01 2023-12-31 NI603721 c:OrdinaryShareClass1 2023-12-31 NI603721 c:OrdinaryShareClass1 2022-12-31 NI603721 c:FRS102 2023-01-01 2023-12-31 NI603721 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 NI603721 c:FullAccounts 2023-01-01 2023-12-31 NI603721 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 NI603721 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: NI603721














DMC FILM LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

 
DMC FILM LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 7


 
DMC FILM LIMITED
REGISTERED NUMBER:NI603721

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,010
5,464

Current assets
  

Stocks
  
141,583
79,884

Debtors: amounts falling due within one year
 5 
35,510
306

Cash at bank and in hand
  
70,469
96,405

  
247,562
176,595

  

Creditors: amounts falling due within one year
 6 
(349,073)
(120,962)

Net current (liabilities)/assets
  
 
 
(101,511)
 
 
55,633

Creditors: amounts falling due after more than one year
 7 
(15,832)
(27,657)

  

Net (liabilities)/assets
  
(113,333)
33,440


Capital and reserves
  

Called up share capital 
 9 
2
2

Profit and loss account
  
(113,335)
33,438

  
(113,333)
33,440


The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 September 2024.


C A McCaughan
Director

The notes on pages 3 to 7 form part of these financial statements.
Page 1

 
DMC FILM LIMITED
REGISTERED NUMBER:NI603721
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023


Page 2

 
DMC FILM LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

DMC Film Limited is a limited liability company registered in England and Wales. Its registered office address is at 25 Atlantic Avenue, Ballycastle, Antrim, BT54 6AL.
The principal activity of the company during the year was that of motion picture production.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Company made a loss for the year and at the balance sheet date has net current liabilities and net liabilities. The directors have obtained assurance from the shareholders that funds will be made available to the company so that it will be able to carry on trading and meet its financial obligations as and when they fall due for at least twelve months from the date the accounts are approved. The accounts have been prepared under going concern on this basis.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
DMC FILM LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Turnover

Turnover is measured at the fair value of amounts receivable in respect of services provided in the year, net of trade discounts and excluding value added tax. The company recognises revenue from services when all contractual obligations have been met.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
Computer equipment
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
DMC FILM LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.9

Work in progress

Work in progress represents film and television production costs of incomplete projects, which are stated in the balance sheet at the lower of cost and estimated selling price less costs of completion.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 4).


4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
438
17,244
17,682


Additions
127
-
127


Disposals
-
(1,008)
(1,008)



At 31 December 2023

565
16,236
16,801



Depreciation


At 1 January 2023
438
11,779
12,217


Charge for the year on owned assets
23
1,559
1,582


Disposals
-
(1,008)
(1,008)



At 31 December 2023

461
12,330
12,791



Net book value



At 31 December 2023
104
3,906
4,010



At 31 December 2022
-
5,464
5,464

Page 5

 
DMC FILM LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
25,999
-

Other debtors
8,768
2

Prepayments and accrued income
743
304

35,510
306



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,000
10,000

Trade creditors
64,258
3,410

Other taxation and social security
2,937
22,104

Other creditors
116,964
77,848

Accruals and deferred income
154,914
7,600

349,073
120,962



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
15,832
27,657



8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


Amounts falling due 2-5 years

Bank loans
15,833
27,657


25,833
37,657


Page 6

 
DMC FILM LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 (2022 - 2) Ordinary shares of £1 each
2
2



10.


Pension commitments

The Company contributes to a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £2,296 (2022 - £3,000). Contributions totaling £332 (2022 - £624) were payable to the fund at the reporting date and are included in creditors.

 
Page 7