All Told Creative Ltd 13541021 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of a film content production agency. Digita Accounts Production Advanced 6.30.9574.0 true true 13541021 2023-04-01 2024-03-31 13541021 2024-03-31 13541021 core:CurrentFinancialInstruments 2024-03-31 13541021 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 13541021 core:FurnitureFittingsToolsEquipment 2024-03-31 13541021 bus:SmallEntities 2023-04-01 2024-03-31 13541021 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 13541021 bus:FilletedAccounts 2023-04-01 2024-03-31 13541021 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13541021 bus:RegisteredOffice 2023-04-01 2024-03-31 13541021 bus:Director1 2023-04-01 2024-03-31 13541021 bus:Director2 2023-04-01 2024-03-31 13541021 bus:Director3 2023-04-01 2024-03-31 13541021 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13541021 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 13541021 core:OfficeEquipment 2023-04-01 2024-03-31 13541021 core:OtherRelatedParties 2023-04-01 2024-03-31 13541021 1 2023-04-01 2024-03-31 13541021 countries:EnglandWales 2023-04-01 2024-03-31 13541021 2023-03-31 13541021 core:FurnitureFittingsToolsEquipment 2023-03-31 13541021 2022-04-01 2023-03-31 13541021 2023-03-31 13541021 core:CurrentFinancialInstruments 2023-03-31 13541021 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 13541021 core:FurnitureFittingsToolsEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 13541021

All Told Creative Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

All Told Creative Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

All Told Creative Ltd

Company Information

Directors

Mr A Fausset

Mr W J Foxwell

Mr J Purvis

Registered office

130A High Street
Crediton
Devon
EX17 3LQ

Accountants

Wortham Jaques Limited
130a High Street,
Crediton,
Devon
EX17 3LQ

 

All Told Creative Ltd

(Registration number: 13541021)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

3,362

4,483

Current assets

 

Debtors

5

4,020

3,600

Cash at bank and in hand

 

1,832

34,065

 

5,852

37,665

Creditors: Amounts falling due within one year

6

(13,285)

(20,837)

Net current (liabilities)/assets

 

(7,433)

16,828

Total assets less current liabilities

 

(4,071)

21,311

Provisions for liabilities

(639)

(852)

Net (liabilities)/assets

 

(4,710)

20,459

Capital and reserves

 

Called up share capital

99

99

Retained earnings

(4,809)

20,360

Shareholders' (deficit)/funds

 

(4,710)

20,459

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

All Told Creative Ltd

(Registration number: 13541021)
Balance Sheet as at 31 March 2024

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 November 2024 and signed on its behalf by:
 

.........................................
Mr A Fausset
Director

 

All Told Creative Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
130A High Street
Crediton
Devon
EX17 3LQ
ENGLAND

These financial statements were authorised for issue by the Board on 20 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

All Told Creative Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

All Told Creative Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

All Told Creative Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

5,977

5,977

At 31 March 2024

5,977

5,977

Depreciation

At 1 April 2023

1,494

1,494

Charge for the year

1,121

1,121

At 31 March 2024

2,615

2,615

Carrying amount

At 31 March 2024

3,362

3,362

At 31 March 2023

4,483

4,483

5

Debtors

Current

2024
£

2023
£

Trade debtors

4,020

3,600

 

4,020

3,600

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

-

844

Taxation and social security

10,004

17,678

Accruals and deferred income

780

750

Other creditors

2,501

1,565

13,285

20,837

 

All Told Creative Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Dividends

2024

2023

£

£

Interim dividend of £451.64 (2023 - £963.64) per ordinary share

44,712

95,400

 

 

8

Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

27,288

35,724

Dividends paid to directors

2024
£

2023
£

Mr A Fausset

Dividends paid to director

14,904

31,800

 

 

Mr W J Foxwell

Dividends paid to director

14,904

31,800

 

 

Mr J Purvis

Dividends paid to director

14,904

31,800

 

 

Summary of transactions with other related parties

Foxwell Films Limited
 Directors in common
 All Told Creative Limited has received consultancy fees from Foxwell Films Limited during the year totalling £nil (2023 - £450), purchased equipment during the year for £ nil (2023 - £2,440 and paid to hire equipment during the year totalling £3,800 (2023 - £nil).
 

9

Parent and ultimate parent undertaking

The ultimate controlling party is the company's directors.