Moviebox Megastores (International) Limited 04468083 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of sound recording and music publishing activities Digita Accounts Production Advanced 6.30.9574.0 true true 04468083 2023-04-01 2024-03-31 04468083 2024-03-31 04468083 bus:OrdinaryShareClass1 2024-03-31 04468083 core:CurrentFinancialInstruments 2024-03-31 04468083 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 04468083 core:FurnitureFittingsToolsEquipment 2024-03-31 04468083 core:LandBuildings 2024-03-31 04468083 bus:SmallEntities 2023-04-01 2024-03-31 04468083 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04468083 bus:FilletedAccounts 2023-04-01 2024-03-31 04468083 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04468083 bus:RegisteredOffice 2023-04-01 2024-03-31 04468083 bus:Director1 2023-04-01 2024-03-31 04468083 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 04468083 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04468083 core:ComputerEquipment 2023-04-01 2024-03-31 04468083 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 04468083 core:LandBuildings 2023-04-01 2024-03-31 04468083 countries:EnglandWales 2023-04-01 2024-03-31 04468083 2023-03-31 04468083 core:FurnitureFittingsToolsEquipment 2023-03-31 04468083 core:LandBuildings 2023-03-31 04468083 2022-04-01 2023-03-31 04468083 2023-03-31 04468083 bus:OrdinaryShareClass1 2023-03-31 04468083 core:CurrentFinancialInstruments 2023-03-31 04468083 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 04468083 core:FurnitureFittingsToolsEquipment 2023-03-31 04468083 core:LandBuildings 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04468083

Moviebox Megastores (International) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Moviebox Megastores (International) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 6

 

Moviebox Megastores (International) Limited

Company Information

Director

Mr Kamraan Ahmed

Registered office

351 Lichfield Road
Aston
Birmingham
B6 7ST

Accountants

Kajaine Kafton LLP
Chartered Accountants
42-46 Station Road
Edgware
HA8 7AB

 

Moviebox Megastores (International) Limited

(Registration number: 04468083)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

12,299

25,377

Current assets

 

Debtors

5

4,492,816

2,314,736

Cash at bank and in hand

 

109,407

1,938,609

 

4,602,223

4,253,345

Creditors: Amounts falling due within one year

6

(214,974)

(413,496)

Net current assets

 

4,387,249

3,839,849

Net assets

 

4,399,548

3,865,226

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

4,399,547

3,865,225

Shareholders' funds

 

4,399,548

3,865,226

For the financial year ending 31 March 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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 October 2024
 

.........................................
Mr Kamraan Ahmed
Director

 

Moviebox Megastores (International) Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
351 Lichfield Road
Aston
Birmingham
B6 7ST
United Kingdom

These financial statements were authorised for issue by the director on 17 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

 

Moviebox Megastores (International) Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold property

10 years straight line

Fixtures, fittings and equipment

7% straight line

Computer equipment

30% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Moviebox Megastores (International) Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 7 (2023 - 6).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

31,562

138,902

170,464

At 31 March 2024

31,562

138,902

170,464

Depreciation

At 1 April 2023

21,646

123,441

145,087

Charge for the year

1,240

11,838

13,078

At 31 March 2024

22,886

135,279

158,165

Carrying amount

At 31 March 2024

8,676

3,623

12,299

At 31 March 2023

9,916

15,461

25,377

Included within the net book value of land and buildings above is £8,677 (2023 - £9,916) in respect of short leasehold land and buildings.
 

5

Debtors

Current

2024
£

2023
£

Trade debtors

26,223

9,178

Prepayments

44,860

36,000

Other debtors

4,421,733

2,269,558

 

4,492,816

2,314,736

 

Moviebox Megastores (International) Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

2,666

215,416

Taxation and social security

 

-

788

Corporation tax payable

 

188,136

171,496

Directors current account

 

24,172

25,796

 

214,974

413,496

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

1

1

1

1