Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-05-01falseNo description of principal activity1413truetrue 02098728 2023-05-01 2024-04-30 02098728 2022-05-01 2023-04-30 02098728 2024-04-30 02098728 2023-04-30 02098728 c:Director1 2023-05-01 2024-04-30 02098728 c:Director2 2023-05-01 2024-04-30 02098728 d:PlantMachinery 2023-05-01 2024-04-30 02098728 d:PlantMachinery 2024-04-30 02098728 d:PlantMachinery 2023-04-30 02098728 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02098728 d:MotorVehicles 2023-05-01 2024-04-30 02098728 d:MotorVehicles 2024-04-30 02098728 d:MotorVehicles 2023-04-30 02098728 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02098728 d:OfficeEquipment 2023-05-01 2024-04-30 02098728 d:OfficeEquipment 2024-04-30 02098728 d:OfficeEquipment 2023-04-30 02098728 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02098728 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02098728 d:CurrentFinancialInstruments 2024-04-30 02098728 d:CurrentFinancialInstruments 2023-04-30 02098728 d:Non-currentFinancialInstruments 2024-04-30 02098728 d:Non-currentFinancialInstruments 2023-04-30 02098728 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 02098728 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 02098728 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 02098728 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 02098728 d:ShareCapital 2024-04-30 02098728 d:ShareCapital 2023-04-30 02098728 d:CapitalRedemptionReserve 2024-04-30 02098728 d:CapitalRedemptionReserve 2023-04-30 02098728 d:RetainedEarningsAccumulatedLosses 2024-04-30 02098728 d:RetainedEarningsAccumulatedLosses 2023-04-30 02098728 c:FRS102 2023-05-01 2024-04-30 02098728 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 02098728 c:FullAccounts 2023-05-01 2024-04-30 02098728 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 02098728 d:HirePurchaseContracts d:WithinOneYear 2024-04-30 02098728 d:HirePurchaseContracts d:WithinOneYear 2023-04-30 02098728 d:HirePurchaseContracts d:MoreThanFiveYears 2024-04-30 02098728 d:HirePurchaseContracts d:MoreThanFiveYears 2023-04-30 02098728 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-04-30 02098728 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-04-30 02098728 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 02098728 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 02098728 d:TaxLossesCarry-forwardsDeferredTax 2024-04-30 02098728 d:TaxLossesCarry-forwardsDeferredTax 2023-04-30 02098728 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-04-30 02098728 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-04-30 02098728 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-04-30 02098728 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-04-30 02098728 d:LeasedAssetsHeldAsLessee 2024-04-30 02098728 d:LeasedAssetsHeldAsLessee 2023-04-30 02098728 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 02098728









ELECTRA FILM AND TELEVISION LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
ELECTRA FILM AND TELEVISION LIMITED
REGISTERED NUMBER: 02098728

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
906,731
1,037,315

  
906,731
1,037,315

Current assets
  

Stocks
  
250
250

Debtors: amounts falling due within one year
 5 
46,182
291,380

Cash at bank and in hand
 6 
345,124
623,433

  
391,556
915,063

Creditors: amounts falling due within one year
 7 
(222,474)
(406,360)

Net current assets
  
 
 
169,082
 
 
508,703

Total assets less current liabilities
  
1,075,813
1,546,018

Creditors: amounts falling due after more than one year
 8 
(140,729)
(259,083)

Provisions for liabilities
  

Deferred tax
 10 
(199,879)
(252,293)

  
 
 
(199,879)
 
 
(252,293)

Net assets
  
735,205
1,034,642


Capital and reserves
  

Called up share capital 
  
50
50

Capital redemption reserve
  
50
50

Profit and loss account
  
735,105
1,034,542

  
735,205
1,034,642


Page 1

 
ELECTRA FILM AND TELEVISION LIMITED
REGISTERED NUMBER: 02098728
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

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 income and retained earnings 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 by: 




D D Urquhart
C M K Kyle
Director
Director
Date: 3 October 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
ELECTRA FILM AND TELEVISION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Electra Film and Television Limited is a company limited by shares incorporated in England within the United Kingdom. The address of the registered office is First Floor, Radius House, 51 Clarendon Road, Watford, WD17 1HP.
The company's principal activity is the provision of camera and sound recording equipment.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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

Revenue

Turnover comprises revenue recognised by the company in respect of the provision of camera and sound recording equipment supplied during the period, exclusive of Value Added Tax and trade discounts.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

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.

 
2.5

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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
ELECTRA FILM AND TELEVISION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

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:

Film equipment
-
20%
straight line
Motor vehicles
-
20%
straight line
Office equipment
-
20%
straight line

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

 
ELECTRA FILM AND TELEVISION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 14 (2023 - 13).

Page 5

 
ELECTRA FILM AND TELEVISION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Film equipment
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 May 2023
4,393,165
268,804
180,545
4,842,514


Additions
188,054
42,494
5,494
236,042


Disposals
(122,639)
(25,145)
-
(147,784)



At 30 April 2024

4,458,580
286,153
186,039
4,930,772



Depreciation


At 1 May 2023
3,469,967
164,555
170,677
3,805,199


Charge for the year on owned assets
296,741
35,484
3,847
336,072


Disposals
(92,085)
(25,145)
-
(117,230)



At 30 April 2024

3,674,623
174,894
174,524
4,024,041



Net book value



At 30 April 2024
783,957
111,259
11,515
906,731



At 30 April 2023
923,198
104,249
9,868
1,037,315

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Plant and machinery
567,474
709,306

Motor vehicles
76,555
104,249

644,029
813,555

Page 6

 
ELECTRA FILM AND TELEVISION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Debtors

2024
2023
£
£


Trade debtors
26,135
246,567

Other debtors
2,425
28,068

Prepayments and accrued income
17,622
16,745

46,182
291,380



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
345,124
623,433

345,124
623,433



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
3,520
9,746

Other taxation and social security
18,594
51,075

Obligations under finance lease and hire purchase contracts
175,154
312,425

Other creditors
1,275
1,135

Accruals and deferred income
23,931
31,979

222,474
406,360



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
140,729
259,083

140,729
259,083


Page 7

 
ELECTRA FILM AND TELEVISION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
175,154
312,425

Between 1-5 years
130,092
209,769

Over 5 years
10,637
49,315

315,883
571,509


10.


Deferred taxation




2024


£






At beginning of year
(252,293)


Charged to profit or loss
52,414



At end of year
(199,879)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(226,683)
(252,293)

Tax losses carried forward
26,804
-

(199,879)
(252,293)


11.


Pension commitments

The Company operates 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 £72,537 (2023 - £101,398). Contributions totalling £1,277 (2023 - £1,132) were payable to the fund at the balance sheet date.

 
Page 8