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REGISTERED NUMBER: SC567556 (Scotland)















Tom Duncan Film Ltd

Financial Statements For The Year Ended 30 June 2024






Tom Duncan Film Ltd (Registered number: SC567556)






Contents of the Financial Statements
For The Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tom Duncan Film Ltd

Company Information
For The Year Ended 30 June 2024







DIRECTORS: Mr T Duncan
Mrs D Duncan



REGISTERED OFFICE: 4 North Guildry Street
Elgin
Moray
IV30 1JR



REGISTERED NUMBER: SC567556 (Scotland)



ACCOUNTANTS: Cathedral Accountancy
4 North Guildry Street
Elgin
Moray
IV30 1JR



BANKERS: Santander
74 High street
Elgin
Moray
IV30 1BJ

Tom Duncan Film Ltd (Registered number: SC567556)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 109,415 105,498
109,415 105,498

CURRENT ASSETS
Debtors 6 21,753 27,501
Cash at bank 127,180 161,490
148,933 188,991
CREDITORS
Amounts falling due within one year 7 68,409 98,194
NET CURRENT ASSETS 80,524 90,797
TOTAL ASSETS LESS CURRENT
LIABILITIES

189,939

196,295

CREDITORS
Amounts falling due after more than one
year

8

(17,189

)

(49,458

)

PROVISIONS FOR LIABILITIES 9 (11,320 ) (7,161 )
NET ASSETS 161,430 139,676

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 161,330 139,576
SHAREHOLDERS' FUNDS 161,430 139,676

Tom Duncan Film Ltd (Registered number: SC567556)

Balance Sheet - continued
30 June 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 October 2024 and were signed on its behalf by:





Mr T Duncan - Director


Tom Duncan Film Ltd (Registered number: SC567556)

Notes to the Financial Statements
For The Year Ended 30 June 2024

1. STATUTORY INFORMATION

Tom Duncan Film Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Equipment - 33% on cost and 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Tom Duncan Film Ltd (Registered number: SC567556)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 10,000
AMORTISATION
At 1 July 2023
and 30 June 2024 10,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property Equipment fittings
£    £    £   
COST
At 1 July 2023 68,597 59,791 18,077
Additions - 2,629 364
Disposals - - -
At 30 June 2024 68,597 62,420 18,441
DEPRECIATION
At 1 July 2023 5,488 33,632 12,945
Charge for year 1,372 7,090 1,331
Eliminated on disposal - - -
At 30 June 2024 6,860 40,722 14,276
NET BOOK VALUE
At 30 June 2024 61,737 21,698 4,165
At 30 June 2023 63,109 26,159 5,132

Tom Duncan Film Ltd (Registered number: SC567556)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 11,658 12,569 170,692
Additions 15,995 8,647 27,635
Disposals (11,658 ) (1,035 ) (12,693 )
At 30 June 2024 15,995 20,181 185,634
DEPRECIATION
At 1 July 2023 5,101 8,028 65,194
Charge for year 2,881 5,718 18,392
Eliminated on disposal (6,332 ) (1,035 ) (7,367 )
At 30 June 2024 1,650 12,711 76,219
NET BOOK VALUE
At 30 June 2024 14,345 7,470 109,415
At 30 June 2023 6,557 4,541 105,498

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 19,725 26,233
Other debtors 2,028 1,268
21,753 27,501

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 3,844 5,245
Taxation and social security 56,486 62,834
Other creditors 8,079 30,115
68,409 98,194

Bank loans and overdrafts are secured by a standard security and a floating charge over the company's assets.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 4,156 30,917
Other creditors 13,033 18,541
17,189 49,458

Tom Duncan Film Ltd (Registered number: SC567556)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

Bank loans and overdrafts are secured by a standard security and a floating charge over the company's assets.

Creditors which fall due after five years, payable by instalments are £Nil (2023 - £15,751).

9. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 11,320 7,161

Deferred
tax
£   
Balance at 1 July 2023 7,161
Provided during year 4,159
Balance at 30 June 2024 11,320

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
90 Ordinary 1 90 90
10 Ordinary A 1 10 10
100 100

11. RESERVES
Retained
earnings
£   

At 1 July 2023 139,576
Profit for the year 102,754
Dividends (81,000 )
At 30 June 2024 161,330

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £81,000 (2023 - £55,000) were paid to the directors .

At 30 June 2023 the company owed the directors £469. During the year the directors paid expenses on behalf of the company totalling £198. At 30 June 2024 the company owed the directors £667. This loan is interest free and has no terms of fixed payment.