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August Pictures Ltd
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Notes to the financial statements
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for the period ended 31 August 2023
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1
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Company information
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August Pictures Ltd is a private company registered in England and Wales. Its registered number is
14314192. The company is limited by shares. Its registered office is 61 The Crossways, Hounslow,
TW5 0JJ.
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2
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Accounting policies
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Basis of preparing the financial statements
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These financial statements have been prepared in accordance with Financial Reporting Standard 102
“The Financial Reporting Standard applicable in the UK and Republic of Ireland” including the
provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have
been prepared under the historic cost convention.
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Presentation currency
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The company's financial statements are presented in sterling.
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Going concern
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In preparing these financial statements, the director has assessed whether there are any material
uncertainties related to events or conditions that cast significant doubt upon the company's ability to
continue as a going concern. In making this assessment, the director takes into account all available
information about the future which is at least 12 months from the date that the financial statements are
authorised for issue.
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The director considers that the company has adequate resources to continue in business for the
foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial
statements.
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Stocks
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Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete
and slow moving items.
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3
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Average number of employees
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During the period the average number of employees was Nil.
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4
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Stock and work in progress
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Production costs incurred during the period are recognised as work in progress on the balance sheet
until the film is delivered to the commissioning distributor.
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5
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Controlling party
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G V Bindu is the ultimate controlling party owing to his majority shareholding.
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2
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