Company Registration No. 14150198 (England and Wales)
Pitstop Films Ltd
Unaudited accounts
for the period from 1 July 2023 to 31 May 2024
Pitstop Films Ltd
Unaudited accounts
Contents
Pitstop Films Ltd
Company Information
for the period from 1 July 2023 to 31 May 2024
Directors
Miss H R Bryan
Mr J King
Miss L H Meer
Company Number
14150198 (England and Wales)
Registered Office
10 Lindisfarne Road
Shipley
BD18 4RD
England
Accountants
Kendall Accountancy Services Limited
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
Pitstop Films Ltd
Statement of financial position
as at 31 May 2024
Cash at bank and in hand
245
2,479
Creditors: amounts falling due within one year
(58,180)
(69,569)
Net current liabilities
(56,114)
(66,324)
Net liabilities
(54,451)
(65,378)
Called up share capital
2
2
Profit and loss account
(54,453)
(65,380)
Shareholders' funds
(54,451)
(65,378)
For the period ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 September 2024 and were signed on its behalf by
Miss L H Meer
Director
Company Registration No. 14150198
Pitstop Films Ltd
Notes to the Accounts
for the period from 1 July 2023 to 31 May 2024
Pitstop Films Ltd is a private company, limited by shares, registered in England and Wales, registration number 14150198. The registered office is 10 Lindisfarne Road , Shipley , BD18 4RD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% cost
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pitstop Films Ltd
Notes to the Accounts
for the period from 1 July 2023 to 31 May 2024
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
2,438
6,782
Other creditors
18,489
28,489
Loans from directors
37,253
34,298
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the period the average number of employees was 2 (2023: 2).