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NKO VFX LIMITED

Registered Number
13237201
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

NKO VFX LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

Nicolas Hernandez

Registered Address

57 Darwin Road
London
W5 4BB

Registered Number

13237201 (England and Wales)
NKO VFX LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3-3,314
-3,314
Current assets
Debtors4100195
Cash at bank and on hand-29,734
10029,929
Creditors amounts falling due within one year5-(8,243)
Net current assets (liabilities)10021,686
Total assets less current liabilities10025,000
Net assets10025,000
Capital and reserves
Called up share capital100100
Profit and loss account-24,900
Shareholders' funds10025,000
The financial statements were approved and authorised for issue by the Director on 30 December 2024, and are signed on its behalf by:
Nicolas Hernandez
Director
Registered Company No. 13237201
NKO VFX LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
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.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment3
2.Average number of employees

20242023
Average number of employees during the year03
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 235,729
Disposals(5,729)
Depreciation and impairment
At 01 April 232,415
On disposals(2,415)
Net book value
At 31 March 24-
At 31 March 233,314
4.Debtors: amounts due within one year

2024

2023

££
Amounts owed by associates and joint ventures / participating interests100-
Other debtors-126
Prepayments and accrued income-69
Total100195
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables-211
Amounts owed to related parties-7,702
Accrued liabilities and deferred income-330
Total-8,243
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.