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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
Page
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Advanced Animations (UK) Limited Company Information for the year ended 30 April 2024
Director
Graham Malkin
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
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Advanced Animations (UK) Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
20,638 
22,936 
Current assets
Inventories
69,205 
70,750 
Debtors
72,248 
85,588 
Cash at bank and in hand
31,551 
25,898 
173,004 
182,236 
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)
Net assets
48,926 
53,955 
Capital and reserves
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
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Advanced Animations (UK) Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
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.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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 taxation
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
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.
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Advanced Animations (UK) Limited Notes to the Accounts for the year ended 30 April 2024
Pension costs
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 
£ 
Cost
At 1 May 2023
28,750 
At 30 April 2024
28,750 
Amortisation
At 1 May 2023
28,750 
At 30 April 2024
28,750 
Net book value
At 30 April 2024
- 
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 May 2023
51,214 
Additions
1,211 
At 30 April 2024
52,425 
Depreciation
At 1 May 2023
28,278 
Charge for the year
3,509 
At 30 April 2024
31,787 
Net book value
At 30 April 2024
20,638 
At 30 April 2023
22,936 
6
Debtors
2024 
2023 
£ 
£ 
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 
72,248 
85,588 
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Advanced Animations (UK) Limited Notes to the Accounts for the year ended 30 April 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
8,189 
4,528 
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 
Accruals
2,012 
3,116 
143,127 
149,277 
The hire purchase contracts are secured on the assets concerned.
8
Share capital
2024 
2023 
£ 
£ 
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 
2,300 
2,300 
9
Average number of employees
During the year the average number of employees was 8 (2023: 8).
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