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COMPANY REGISTRATION NUMBER: 05007551
D J Films Limited
Filleted Unaudited Accounts
31 January 2024
D J Films Limited
Statement of Financial Position
31 January 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
420
Current assets
Debtors
6
52,957
175,140
Investments
7
100
100
Cash at bank and in hand
15,515
8,024
--------
---------
68,572
183,264
Creditors: amounts falling due within one year
8
( 108,765)
( 183,574)
---------
---------
Net current liabilities
( 40,193)
( 310)
--------
----
Total assets less current liabilities
( 40,193)
110
Provisions
Taxation including deferred tax
( 80)
--------
----
Net (liabilities)/assets
( 40,193)
30
--------
----
Capital and reserves
Called up share capital
9
1
1
Profit and loss account
( 40,194)
29
--------
----
Shareholder (deficit)/funds
( 40,193)
30
--------
----
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 Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts .
D J Films Limited
Statement of Financial Position (continued)
31 January 2024
These accounts were approved by the board of directors and authorised for issue on 17 October 2024 , and are signed on behalf of the board by:
D C S Jones
Director
Company registration number: 05007551
D J Films Limited
Notes to the Accounts
Year ended 31 January 2024
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.
Dividends
Dividends payable are included in the company accounts in the period in which the related dividends are actually paid, or in respect of the company's final dividend for the year, approved by shareholders.
Going concern
The Director is of the opinion that the company can continue to trade as a going concern.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying small entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under section 1A of FRS 102: (a) No cash flow statement has been presented for the company (b) Disclosures in respect of financial instruments have not been presented
Revenue recognition
Turnover shown in the profit and loss account represent amounts invoiced during the year for production services provided, and is stated after trade discounts, other taxes, and net of VAT. Amounts invoiced in advance are included in deferred income. The value of work done in relation to long-term contracts and continuing services is determined by reference to the stage of completion of the relevant project.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & Machinery
-
25% straight line
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
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. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Plant and machinery
Total
£
£
Cost
At 1 February 2023 and 31 January 2024
8,031
8,031
-------
-------
Depreciation
At 1 February 2023
7,611
7,611
Charge for the year
420
420
-------
-------
At 31 January 2024
8,031
8,031
-------
-------
Carrying amount
At 31 January 2024
-------
-------
At 31 January 2023
420
420
-------
-------
6. Debtors
2024
2023
£
£
Trade debtors
27,220
38,706
Corporation tax repayable
6,484
Director's loan account
111,820
Other debtors
19,253
24,614
--------
---------
52,957
175,140
--------
---------
7. Investments
2024
2023
£
£
Investments in group undertakings
100
100
----
----
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
58,334
Trade creditors
16,014
6,261
Accruals and deferred income
49,528
86,015
Corporation tax
14,670
Social security and other taxes
14,775
18,294
Director loan accounts
28,448
---------
---------
108,765
183,574
---------
---------
9. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
----
----
----
----
10. Director's advances, credits and guarantees
At the end of the year end the company owed the director £28,448 (2023: the director owed the company £111,820). No interest was charged the loan.
11. Related party transactions
D C S Jones controls Iron Lady (DJ Films) Limited. During the year the company received income of £nil (2023: £707) from Iron Lady (DJ Films)Limited. No balance was outstanding at the year end. During the year the company had purchases from Ab Fab The Movie Ltd of £nil (2023: £nil), a company of which D C S Jones is a director. No balance was outstanding at the year end. During the year the company received income of £6,408 (2023: £4,652) from Stupid Boy Ltd and purchases of £nil (2023: £nil), a company of which D C S Jones is a director. No balance was outstanding at the year end. During the year the company received income of £4,833 (2023: £47,100) from Vibes Productions Limited and purchases of £ (2023: £nil), a company which D J Films Limited owns 100% of the shares in. No balance was outstanding at the year end. During the year the company received income of £31,957 (2023: £94,766) from Blue Story Limited, a company of which D C S Jones is a director. No balance was outstanding at the year end. During the year the company received income of £7,500 (2023: £70,963) from Seize Them Productions Ltd, a company of which D C S Jones is a director. No balance was outstanding at the year end. During the year the company received income of £8,513 (2023: £4,910) from Allelujah Limited , a company of which D C S Jones is a director. £7,364 was outstanding at the year end. No interest was charged on this loan.