Company Registration No. 07604942 (England and Wales)
Advanced Animations (UK) Limited
Unaudited accounts
for the year ended 30 April 2024
Advanced Animations (UK) Limited
Unaudited accounts
Contents
Advanced Animations (UK) Limited
Company Information
for the year ended 30 April 2024
Company Number
07604942 (England and Wales)
Registered Office
2 STATHAM COURT
STATHAM STREET
MACCLESFIELD
CHESHIRE
SK11 6XN
England
Accountants
Batesons
2 Statham Court
Statham Street
Macclesfield
Cheshire
SK11 6XN
Advanced Animations (UK) Limited
Statement of financial position
as at 30 April 2024
Tangible assets
20,638
22,936
Cash at bank and in hand
31,551
25,898
Creditors: amounts falling due within one year
(143,127)
(149,277)
Net current assets
29,877
32,959
Total assets less current liabilities
50,515
55,895
Provisions for liabilities
Deferred tax
(1,589)
(1,940)
Called up share capital
2,300
2,300
Profit and loss account
46,626
51,655
Shareholders' funds
48,926
53,955
For the year ending 30 April 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 June 2024 and were signed on its behalf by
Graham Malkin
Director
Company Registration No. 07604942
Advanced Animations (UK) Limited
Notes to the Accounts
for the year ended 30 April 2024
Advanced Animations (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 07604942. The registered office is 2 STATHAM COURT, STATHAM STREET, MACCLESFIELD, CHESHIRE, SK11 6XN, England.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance basis
Motor vehicles
25% reducing balance basis
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Advanced Animations (UK) Limited
Notes to the Accounts
for the year ended 30 April 2024
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Trade debtors
26,210
48,166
Accrued income and prepayments
5,571
9,028
Other debtors
40,467
28,394
Advanced Animations (UK) Limited
Notes to the Accounts
for the year ended 30 April 2024
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
2,674
2,680
Taxes and social security
11,154
14,388
Other creditors
17,403
16,060
Loans from directors
101,695
108,505
The hire purchase contracts are secured on the assets concerned.
Allotted, called up and fully paid:
1,000 A Ordinary shares of £1 each
1,000
1,000
1,000 B Ordinary shares of £1 each
1,000
1,000
300 C Ordinary shares of £1 each
300
300
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Average number of employees
During the year the average number of employees was 8 (2023: 8).