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Registered number: 14143911
Sine Audio Post Production Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
EAM London Limited
Chartered Tax Accountants
215-221 Borough High Street
London
SE1 1JA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14143911
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 215,656 312,184
215,656 312,184
CURRENT ASSETS
Debtors 5 201,994 141,344
Cash at bank and in hand 66,263 12,580
268,257 153,924
Creditors: Amounts Falling Due Within One Year 6 (143,955 ) (115,255 )
NET CURRENT ASSETS (LIABILITIES) 124,302 38,669
TOTAL ASSETS LESS CURRENT LIABILITIES 339,958 350,853
Creditors: Amounts Falling Due After More Than One Year 7 (668,536 ) (596,350 )
NET LIABILITIES (328,578 ) (245,497 )
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account (328,588 ) (245,507 )
SHAREHOLDERS' FUNDS (328,578) (245,497)
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Julian Marshall
Director
28/11/2024
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
Sine Audio Post Production Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14143911 . The registered office is 215-221 Borough High Street, C/O Eam London, London, SE1 1JA.
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.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. 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:
Leasehold 20% straight line
Fixtures & Fittings 25% straight line
Computer Equipment 33.33% straight line
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2023 174,806 26,731 180,519 382,056
Additions 5,988 - - 5,988
As at 31 May 2024 180,794 26,731 180,519 388,044
...CONTINUED
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Page 4
Depreciation
As at 1 June 2023 26,221 3,536 40,115 69,872
Provided during the period 35,660 6,683 60,173 102,516
As at 31 May 2024 61,881 10,219 100,288 172,388
Net Book Value
As at 31 May 2024 118,913 16,512 80,231 215,656
As at 1 June 2023 148,585 23,195 140,404 312,184
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 79,924 29,512
Prepayments and accrued income 71,188 61,480
Other debtors 1,732 1,202
Rent deposit 49,140 49,140
Called up share capital not paid 10 10
201,994 141,344
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 40,195 37,211
Other taxes and social security 7,856 7,012
VAT 28,201 7,023
Accruals and deferred income 42,703 39,009
Directors' loan accounts 25,000 25,000
143,955 115,255
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 668,536 596,350
8. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 10 10
Amount of Allotted, Called Up Share Capital 10 10
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