Seven Tales Entertainment Ltd 14690053 false 2023-02-27 2024-02-29 2024-02-29 The principal activity of the company is motion picture production and marketing. Digita Accounts Production Advanced 6.30.9574.0 true true 14690053 2023-02-27 2024-02-29 14690053 2024-02-29 14690053 core:RetainedEarningsAccumulatedLosses 2024-02-29 14690053 core:ShareCapital 2024-02-29 14690053 core:CurrentFinancialInstruments 2024-02-29 14690053 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 14690053 core:FurnitureFittingsToolsEquipment 2024-02-29 14690053 core:OtherPropertyPlantEquipment 2024-02-29 14690053 bus:SmallEntities 2023-02-27 2024-02-29 14690053 bus:AuditExemptWithAccountantsReport 2023-02-27 2024-02-29 14690053 bus:FilletedAccounts 2023-02-27 2024-02-29 14690053 bus:SmallCompaniesRegimeForAccounts 2023-02-27 2024-02-29 14690053 bus:RegisteredOffice 2023-02-27 2024-02-29 14690053 bus:Director1 2023-02-27 2024-02-29 14690053 bus:PrivateLimitedCompanyLtd 2023-02-27 2024-02-29 14690053 core:FurnitureFittingsToolsEquipment 2023-02-27 2024-02-29 14690053 core:OtherPropertyPlantEquipment 2023-02-27 2024-02-29 14690053 countries:EnglandWales 2023-02-27 2024-02-29 iso4217:GBP xbrli:pure

Registration number: 14690053

Seven Tales Entertainment Ltd

Annual Report and Unaudited Filleted Financial Statements

for the Period from 27 February 2023 to 29 February 2024

 

Seven Tales Entertainment Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Seven Tales Entertainment Ltd

Company Information

Director

J W Davis

Registered office

8 High Street
High Street
Heathfield
East Sussex
TN21 8LS

Accountants

Manningtons
8 High Street
High Street
Heathfield
East Sussex
TN21 8LS

 

Seven Tales Entertainment Ltd

(Registration number: 14690053)
Balance Sheet as at 29 February 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

1,034

Current assets

 

Debtors

5

246

Cash at bank and in hand

 

21

 

267

Creditors: Amounts falling due within one year

6

(25,082)

Net current liabilities

 

(24,815)

Net liabilities

 

(23,781)

Capital and reserves

 

Called up share capital

3

Retained earnings

(23,784)

Shareholders' deficit

 

(23,781)

For the financial period ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

The director acknowledges his 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.

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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 25 November 2024
 

.........................................
J W Davis
Director

 

Seven Tales Entertainment Ltd

Notes to the Unaudited Financial Statements for the Period from 27 February 2023 to 29 February 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:
8 High Street
High Street
Heathfield
East Sussex
TN21 8LS
England

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.

The presentation currency of the financial statements is the Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis.

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.

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.

 

Seven Tales Entertainment Ltd

Notes to the Unaudited Financial Statements for the Period from 27 February 2023 to 29 February 2024

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:

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 at the transaction price, 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 at the transaction price.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

 

Seven Tales Entertainment Ltd

Notes to the Unaudited Financial Statements for the Period from 27 February 2023 to 29 February 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

Additions

573

724

1,297

At 29 February 2024

573

724

1,297

Depreciation

Charge for the period

191

72

263

At 29 February 2024

191

72

263

Carrying amount

At 29 February 2024

382

652

1,034

5

Debtors

2024
£

Trade debtors

246

246

6

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Taxation and social security

953

Accruals and deferred income

760

Other creditors

2,911

Director loan account

20,458

25,082