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COMPANY REGISTRATION NUMBER: 12557257
Staged Films Ltd
Unaudited Accounts
31 December 2023
Staged Films Ltd
Accounts
Year ended 31 December 2023
Contents
Page
Officers and professional advisers
1
Directors' report
2
Statement of income and retained earnings
3
Statement of financial position
4
Notes to the accounts
5
The following pages do not form part of the accounts
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory accounts
8
Staged Films Ltd
Officers and Professional Advisers
The board of directors
P Glynn
V Glynn
J Sivers
Registered office
10 Orange Street
London
WC2H 7DQ
Accountants
Shipleys LLP
Chartered accountants
10 Orange Street
Haymarket
London
WC2H 7DQ
Staged Films Ltd
Directors' Report
Year ended 31 December 2023
The directors present their report and the unaudited accounts of the company for the year ended 31 December 2023 .
Directors
The directors who served the company during the year were as follows:
P Glynn
V Glynn
J Sivers
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 14 October 2024 and signed on behalf of the board by:
J Sivers
Director
Staged Films Ltd
Statement of Income and Retained Earnings
Year ended 31 December 2023
2023
2022
Note
£
£
Turnover
387,878
507,905
Cost of sales
( 387,878)
( 507,905)
---------
---------
Gross profit
Tax on profit
Retained earnings at the start of the year
All the activities of the company are from continuing operations.
Staged Films Ltd
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Current assets
Stocks
910
166,619
Debtors
4
85,652
186,821
Cash at bank and in hand
4,476
3,098
--------
---------
91,038
356,538
Creditors: amounts falling due within one year
5
( 91,037)
( 356,537)
--------
---------
Net current assets
1
1
----
----
Total assets less current liabilities
1
1
----
----
Capital and reserves
Called up share capital
6
1
1
----
----
Shareholders funds
1
1
----
----
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the 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.
Directors' 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 ;
- 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 were approved by the board of directors and authorised for issue on 14 October 2024 , and are signed on behalf of the board by:
J Sivers
Director
Company registration number: 12557257
Staged Films Ltd
Notes to the Accounts
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Orange Street, London, WC2H 7DQ.
2. Statement of compliance
These accounts have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The accounts have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The accounts are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of (enter name of group financial statements) which can be obtained from (enter detail). As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) Disclosures in respect of financial instruments have not been presented. b) No cash flow statement has been presented for the company.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Debtors
2023
2022
£
£
Trade debtors
150,046
Amounts owed by group undertakings
66,410
Other debtors
19,242
36,775
--------
---------
85,652
186,821
--------
---------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
1
2,679
Amounts owed to group undertakings
166,535
Social security and other taxes
27,453
62,328
Director loan accounts
2,289
10,036
Other creditors
61,294
114,959
--------
---------
91,037
356,537
--------
---------
6. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
----
----
----
----
7. Related party transactions
The company was under the joint control of the directors during the period, therefore there is no controlling party. No transactions with related parties were undertaken such as are required to be disclosed under FRS102 Section 1A.
Staged Films Ltd
Management Information
Year ended 31 December 2023
The following pages do not form part of the accounts.
Staged Films Ltd
Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of Staged Films Ltd
Year ended 31 December 2023
As described on the statement of financial position, the directors of the company are responsible for the preparation of the accounts for the year ended 31 December 2023, which comprise the statement of income and retained earnings, statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these accounts in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Shipleys LLP Chartered accountants
10 Orange Street Haymarket London WC2H 7DQ
14 October 2024