DEFIANT FILMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 23 FEBRUARY 2024
Defiant Films Limited is a private company limited by shares and incorporated in England & Wales. The address of the registered office is Regina House, 124 Finchley Road, London, NW3 5JS and the address of its principal place of business is 40 The Street, Belstead, Ipswich, Suffolk, IP8 3LY.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
At the reporting date the company had net liabilities of £87,040 and is dependent on the support of its director who has confirmed his intention to support the company. As a result the director believe it is appropriate to prepare the accounts on the going concern basis. The financial statements do not include adjustments that would result from the withdrawal of this financial support.
Revenue comprises distribution revenue receivable and is recognised in the Statement of Income and Retained Earnings in the period it is contractually due.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
Short term creditors are measured at the transaction price, less any impairment.
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Cash and cash equivalents
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