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Registered Number: 03606770
England and Wales

 

 

 

MATINEE SOUND & VISION LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 May 2023

End date: 30 April 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 4 9,913    12,075 
9,913    12,075 
Current assets      
Stocks 1,514    1,455 
Debtors 518,173    215,678 
Cash at bank and in hand 1,274,405    1,422,185 
1,794,092    1,639,318 
Creditors: amount falling due within one year (159,156)   (140,409)
Net current assets 1,634,936    1,498,909 
 
Total assets less current liabilities 1,644,849    1,510,984 
Provisions for liabilities (2,056)   (1,903)
Net assets 1,642,793    1,509,081 
 

Capital and reserves
     
Called up share capital 1,001    1,001 
Share premium account 449    449 
Profit and loss account 1,641,343    1,507,631 
Shareholders' funds 1,642,793    1,509,081 
 


For the year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006 the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 08 January 2025 and were signed on its behalf by:


-------------------------------
Mrs L Stott
Director
1
General Information
Matinee Sound & Vision Limited is a private company, limited by shares, registered in England and Wales, registration number 03606770, registration address Merlin House , Brunel Road, Theale, Reading, Berkshire, RG7 4AB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
Going concern
The accounts are prepared on a going concern basis. The use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating result.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year and and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.

If there is an indication that there has been a significant change in amortisation rate or residual value of an asset, the amortisation of that asset is revised prospectively to reflect the new expectations.
Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:


Short leasehold - Straight line over 3 years
Computer equipment - Straight line over 3 years
Studio equipment - 15% on reducing balance
Kitchen equipment - 15% on reducing balance
Office equipment - 25% on reducing balance
Telephone and Mobile Systems - 15% on reducing balance


At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount.If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount and an impairment loss is recognised immediately in profit or loss.


If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.
Debtors
Short term debtors are measured at transaction price less any impairment. Loans receivable are measured at initially at fair value, net of transaction costs, and are measured subsequently at amortised costs using the effective interest method.
Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans are measured initially at fair value, net of transaction costs, and are subsequently measured at amortised costs using the effective interest method.
2.

Average number of employees

Average number of employees during the year was 16 (2023 : 19).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 May 2023 9,000    9,000 
Additions  
Disposals  
At 30 April 2024 9,000    9,000 
Amortisation
At 01 May 2023 9,000    9,000 
Charge for year  
On disposals  
At 30 April 2024 9,000    9,000 
Net book values
At 30 April 2024  
At 30 April 2023  


4.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 May 2023 88,521    20,151    11,421    63,117    183,210 
Additions       1,199    1,199 
Disposals        
At 30 April 2024 88,521    20,151    11,421    64,316    184,409 
Depreciation
At 01 May 2023 88,521    11,538    8,894    62,182    171,135 
Charge for year   1,325    701    1,335    3,361 
On disposals        
At 30 April 2024 88,521    12,863    9,595    63,517    174,496 
Net book values
Closing balance as at 30 April 2024   7,288    1,826    799    9,913 
Opening balance as at 01 May 2023   8,613    2,527    935    12,075 


5.

Debtors: amounts falling due within one year

.   2024
£
  2023
£
Trade Debtors 175,775  183,009 
Prepayments & Accrued Income 4,862  5,652 
Amounts Recoverable on Contracts 19,945  27,017 
Other Debtors 317,591 
518,173  215,678 

6.

Creditors: amounts falling due within one year

.   2024
£
  2023
£
Trade Creditors 33,369  27,190 
Corporation Tax 56,797  34,804 
PAYE & Social Security 3,976  5,808 
Accrued Expenses 25,777  26,917 
Other Creditors 2,950  3,827 
VAT 36,287  41,863 
159,156  140,409 

7.

Ultimate Controlling party

The company is under the control of its director, C J Broderick.
2