Registered number
11928464
Blue Earth Films Limited
Unaudited Filleted Accounts
30 April 2024
Blue Earth Films Limited
Registered number: 11928464
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 29,084 37,758
Current assets
Debtors 4 17,905 18,786
Cash at bank and in hand 159,353 101,727
177,258 120,513
Creditors: amounts falling due within one year 5 (81,371) (55,374)
Net current assets 95,887 65,139
Total assets less current liabilities 124,971 102,897
Provisions for liabilities (6,454) (7,174)
Net assets 118,517 95,723
Capital and reserves
Called up share capital 100 100
Profit and loss account 118,417 95,623
Shareholder's funds 118,517 95,723
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Mr Peter Cayless
Director
Approved by the board on 4 November 2024
Blue Earth Films Limited
Notes to the Accounts
for the year ended 30 April 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). The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at the transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 133,653
Additions 13,689
At 30 April 2024 147,342
Depreciation
At 1 May 2023 95,895
Charge for the year 22,363
At 30 April 2024 118,258
Net book value
At 30 April 2024 29,084
At 30 April 2023 37,758
4 Debtors 2024 2023
£ £
Trade debtors 245 3,680
Other debtors 17,660 15,106
17,905 18,786
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 326 739
Taxation and social security costs 24,934 10,495
Other creditors 56,111 44,140
81,371 55,374
6 Other information
Blue Earth Films Limited is a private company limited by shares and incorporated in England. Its registered office is:
Nyumbani Gabwell Hill
Stokeinteignhead
Newton Abbot
Devon
TQ12 4QP
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