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Registered number: 10626555
Maltby Street Films Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
E Johnson & Associates Ltd
637 Green Lanes
London
N8 0RE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10626555
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,258 2,573
2,258 2,573
CURRENT ASSETS
Debtors 5 185 240
Cash at bank and in hand 5,388 2,042
5,573 2,282
Creditors: Amounts Falling Due Within One Year 6 (8,386 ) (8,048 )
NET CURRENT ASSETS (LIABILITIES) (2,813 ) (5,766 )
TOTAL ASSETS LESS CURRENT LIABILITIES (555 ) (3,193 )
NET LIABILITIES (555 ) (3,193 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (655 ) (3,293 )
SHAREHOLDERS' FUNDS (555) (3,193)
Page 1
Page 2
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr T I Todorov
Director
18th November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Maltby Street Films Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10626555 . The registered office is 20 Blawith Road, Harrow, Middlesex, HA1 1TN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The financial statements have been prepared on the going concern basis. This assumes that the company will
continue in operational existence for the foreseeable future.
At the balance sheet date, the company's liabilities for the period from 1 March 2023 to 29 February 2024 exceed its assets. 
The director of the company has sought assurance from the creditors that their debts will not be called in
within the next twelve months.
The director has been therefore deemed it appropriate that the financial statements be prepared on the going concern basis.
2.2. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on reducing balance
Computer Equipment 25% on reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 March 2023 3,613 1,424 5,037
Additions - 437 437
As at 29 February 2024 3,613 1,861 5,474
Depreciation
As at 1 March 2023 1,841 623 2,464
Provided during the period 443 309 752
As at 29 February 2024 2,284 932 3,216
...CONTINUED
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Net Book Value
As at 29 February 2024 1,329 929 2,258
As at 1 March 2023 1,772 801 2,573
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 240
Other debtors 185 -
185 240
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 162
Other creditors 7,754 7,269
Taxation and social security 631 617
8,386 8,048
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Related Party Transactions
During the year, no dividend was paid to the director.
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr T Todorov by virtue of his ownership of 100% of the issued share capital in the company.
Page 4