Registered number
12962692
SPLENDID MOTION FILMS LIMITED
Filleted Accounts
31 January 2024
SPLENDID MOTION FILMS LIMITED
Registered number: 12962692
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Current assets
Work in progress - 88,282
Debtors 3 27,493 246
Cash at bank and in hand 7,268 109,096
34,761 197,624
Creditors: amounts falling due within one year 4 (8,054) (99,813)
Net current assets 26,707 97,811
Net assets 26,707 97,811
Capital and reserves
Called up share capital 1 1
Profit and loss account 26,706 97,810
Shareholders' funds 26,707 97,811
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Brian Brake
Director
Approved by the board on 23 October 2024
SPLENDID MOTION FILMS LIMITED
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. The Company produced the British qualifying film titled as "Goldfish" (the Film). The turnover recognised by the Company relates only to this Film.
Cost of sales
Production cost of the Film is recognised in the profit & loss account as cost of sales on delivery of the Film.
Work in progress
Work in progress is measured at the lower of cost and estimated selling price less costs to complete and sell. Balance production cost of the Film at the last year balance sheet date was carried forward as work in progress on the basis that it was deemed recoverable from the future income/revenue of the Film. In the current year, work in progress transferred to cost of sales.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. The tax credit claimed relates to the Film. Deferred tax assets based on timing differences is not applicable in respect of this Company's claim for film tax credits.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2024 2023
£ £
Other debtors 27,493 246
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 7,294 74,858
Advance for expenses - 24,955
Taxation and social security costs 760 -
8,054 99,813
5 Controlling party
Ms Neeta Prasad, the current PSC of the Company is the ultimate controlling party.
6 Other information
SPLENDID MOTION FILMS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
c/o Suite F
1-3 Canfield Place
London
NW6 3BT
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