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REGISTERED NUMBER: 09426674 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Firstframe Productions Ltd

Firstframe Productions Ltd (Registered number: 09426674)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Firstframe Productions Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: R Mulhern





REGISTERED OFFICE: 3rd Floor Bank House
27 King Street
Leeds
LS1 2HL





REGISTERED NUMBER: 09426674 (England and Wales)





ACCOUNTANTS: ABC Accounting Services
1 Willoughton Place
Wharton Close
Gainsborough
Lincolnshire
DN21 1EB

Firstframe Productions Ltd (Registered number: 09426674)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,182 21,409

CURRENT ASSETS
Stocks 850 850
Debtors 5 31,468 14,610
Cash at bank 41,495 50,377
73,813 65,837
CREDITORS
Amounts falling due within one year 6 38,235 33,537
NET CURRENT ASSETS 35,578 32,300
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,760

53,709

CREDITORS
Amounts falling due after more than one
year

7

(3,750

)

(6,750

)

PROVISIONS FOR LIABILITIES (2,884 ) (4,068 )
NET ASSETS 44,126 42,891

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 44,026 42,791
SHAREHOLDERS' FUNDS 44,126 42,891

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Firstframe Productions Ltd (Registered number: 09426674)

Balance Sheet - continued
29 February 2024


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 director and authorised for issue on 15 November 2024 and were signed by:





R Mulhern - Director


Firstframe Productions Ltd (Registered number: 09426674)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Firstframe Productions Ltd is a private company, limited by shares , registered in England and Wales. 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 represents amounts invoiced in respect of services rendered stated net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on reducing balance
Studio & equipment - 33% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Firstframe Productions Ltd (Registered number: 09426674)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Motor Studio &
vehicles equipment Totals
£    £    £   
COST
At 1 March 2023 25,821 44,451 70,272
Additions - 409 409
At 29 February 2024 25,821 44,860 70,681
DEPRECIATION
At 1 March 2023 21,489 27,374 48,863
Charge for year 866 5,770 6,636
At 29 February 2024 22,355 33,144 55,499
NET BOOK VALUE
At 29 February 2024 3,466 11,716 15,182
At 28 February 2023 4,332 17,077 21,409

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 15,468 14,610
Other debtors 16,000 -
31,468 14,610

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 3,000 3,000
Trade creditors 8,651 5,861
Tax 20,244 16,415
VAT 5,504 7,352
Other creditors - 166
Directors' current accounts 235 144
Accrued expenses 601 599
38,235 33,537

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans - 1-2 years 3,000 3,000
Bank loans - 2-5 years 750 3,750
3,750 6,750

8. ULTIMATE CONTROLLING PARTY

The controlling party is R Mulhern.