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Company Registration No. 4203389 (England and Wales)
Pendulum Pictures Limited Unaudited accounts for the year ended 5 April 2024
Pendulum Pictures Limited Unaudited accounts Contents
Page
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Pendulum Pictures Limited Company Information for the year ended 5 April 2024
Directors
C Stephens NW Stephens
Secretary
AL Stephens
Company Number
4203389 (England and Wales)
Registered Office
123 Cross Lane East Gravesend Kent DA12 5HA
Accountants
Clayton Stirling & Co 123 Cross Lane East Gravesend Kent DA12 5HA
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Pendulum Pictures Limited Statement of financial position as at 5 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,713 
2,373 
Current assets
Debtors
1,930 
1,187 
Cash at bank and in hand
82,979 
111,952 
84,909 
113,139 
Creditors: amounts falling due within one year
(9,140)
(13,251)
Net current assets
75,769 
99,888 
Net assets
77,482 
102,261 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
77,480 
102,259 
Shareholders' funds
77,482 
102,261 
For the year ending 5 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 November 2024 and were signed on its behalf by
NW Stephens Director Company Registration No. 4203389
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Pendulum Pictures Limited Notes to the Accounts for the year ended 5 April 2024
1
Statutory information
Pendulum Pictures Limited is a private company, limited by shares, registered in England and Wales, registration number 4203389. The registered office is 123 Cross Lane East, Gravesend, Kent, DA12 5HA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% reducing balance and 20% straight line
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Pendulum Pictures Limited Notes to the Accounts for the year ended 5 April 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 6 April 2023
10,174 
Additions
224 
Disposals
(1,097)
At 5 April 2024
9,301 
Depreciation
At 6 April 2023
7,801 
Charge for the year
858 
On disposals
(1,071)
At 5 April 2024
7,588 
Net book value
At 5 April 2024
1,713 
At 5 April 2023
2,373 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
1,930 
1,187 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
4,816 
6,833 
Trade creditors
1,257 
111 
Taxes and social security
1,379 
20 
Loans from directors
1,193 
5,162 
Accruals
495 
1,125 
9,140 
13,251 
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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