IRIS Accounts Production v24.1.0.578 09981195 director 1.3.23 29.2.24 29.2.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh099811952023-02-28099811952024-02-29099811952023-03-012024-02-29099811952022-02-28099811952022-03-012023-02-28099811952023-02-2809981195ns15:EnglandWales2023-03-012024-02-2909981195ns14:PoundSterling2023-03-012024-02-2909981195ns10:Director12023-03-012024-02-2909981195ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2909981195ns10:SmallEntities2023-03-012024-02-2909981195ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2909981195ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2909981195ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2909981195ns10:FullAccounts2023-03-012024-02-290998119512023-03-012024-02-2909981195ns10:OrdinaryShareClass12023-03-012024-02-2909981195ns10:RegisteredOffice2023-03-012024-02-2909981195ns5:CurrentFinancialInstruments2024-02-2909981195ns5:CurrentFinancialInstruments2023-02-2809981195ns5:ShareCapital2024-02-2909981195ns5:ShareCapital2023-02-2809981195ns5:RetainedEarningsAccumulatedLosses2024-02-2909981195ns5:RetainedEarningsAccumulatedLosses2023-02-2809981195ns5:NetGoodwill2023-03-012024-02-2909981195ns5:PlantMachinery2023-03-012024-02-2909981195ns5:FurnitureFittings2023-03-012024-02-2909981195ns5:ComputerEquipment2023-03-012024-02-2909981195ns5:NetGoodwill2023-02-2809981195ns5:NetGoodwill2024-02-2909981195ns5:NetGoodwill2023-02-2809981195ns5:PlantMachinery2023-02-2809981195ns5:FurnitureFittings2023-02-2809981195ns5:ComputerEquipment2023-02-2809981195ns5:PlantMachinery2024-02-2909981195ns5:FurnitureFittings2024-02-2909981195ns5:ComputerEquipment2024-02-2909981195ns5:PlantMachinery2023-02-2809981195ns5:FurnitureFittings2023-02-2809981195ns5:ComputerEquipment2023-02-2809981195ns5:CostValuation2023-02-2809981195ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2909981195ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2809981195ns5:DeferredTaxation2023-02-2809981195ns5:DeferredTaxation2023-03-012024-02-2909981195ns5:DeferredTaxation2024-02-2909981195ns10:OrdinaryShareClass12024-02-29
REGISTERED NUMBER: 09981195 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

HELMET FILMS LIMITED

HELMET FILMS LIMITED (REGISTERED NUMBER: 09981195)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HELMET FILMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: Mr M J R A Barron





REGISTERED OFFICE: Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES





REGISTERED NUMBER: 09981195 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

HELMET FILMS LIMITED (REGISTERED NUMBER: 09981195)

STATEMENT OF FINANCIAL POSITION
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,261 5,256
Investments 6 34,501 34,501
37,762 39,757

CURRENT ASSETS
Debtors 7 331,647 176,151
Cash at bank 233,719 301,925
565,366 478,076
CREDITORS
Amounts falling due within one year 8 31,317 31,735
NET CURRENT ASSETS 534,049 446,341
TOTAL ASSETS LESS CURRENT
LIABILITIES

571,811

486,098

PROVISIONS FOR LIABILITIES 9 315 433
NET ASSETS 571,496 485,665

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 571,396 485,565
SHAREHOLDERS' FUNDS 571,496 485,665

HELMET FILMS LIMITED (REGISTERED NUMBER: 09981195)

STATEMENT OF FINANCIAL POSITION - continued
29 FEBRUARY 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 October 2024 and were signed by:





Mr M J R A Barron - Director


HELMET FILMS LIMITED (REGISTERED NUMBER: 09981195)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Helmet Films Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - Straight line over 3 years

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

HELMET FILMS LIMITED (REGISTERED NUMBER: 09981195)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 March 2023
and 29 February 2024 10,600
Amortisation
At 1 March 2023
and 29 February 2024 10,600
Net book value
At 29 February 2024 -
At 28 February 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
Cost
At 1 March 2023
and 29 February 2024 8,129 7,863 9,808 25,800
Depreciation
At 1 March 2023 7,014 6,463 7,067 20,544
Charge for year 279 350 1,366 1,995
At 29 February 2024 7,293 6,813 8,433 22,539
Net book value
At 29 February 2024 836 1,050 1,375 3,261
At 28 February 2023 1,115 1,400 2,741 5,256

6. FIXED ASSET INVESTMENTS
Interest
Shares in in other
group participating
undertakings interests Totals
£    £    £   
Cost
At 1 March 2023
and 29 February 2024 1 34,500 34,501
Net book value
At 29 February 2024 1 34,500 34,501
At 28 February 2023 1 34,500 34,501

HELMET FILMS LIMITED (REGISTERED NUMBER: 09981195)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 8,352 42,409
Amounts owed by group undertakings 323,295 133,742
331,647 176,151

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Taxation and social security 29,644 28,513
Other creditors 1,673 3,222
31,317 31,735

9. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax 315 433

Deferred
tax
£   
Balance at 1 March 2023 433
Provided during year (118 )
Balance at 29 February 2024 315

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary £1 100 100