Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31false2023-02-01No description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05947430 2023-02-01 2024-01-31 05947430 2022-02-01 2023-01-31 05947430 2024-01-31 05947430 2023-01-31 05947430 c:Director1 2023-02-01 2024-01-31 05947430 d:PlantMachinery 2023-02-01 2024-01-31 05947430 d:PlantMachinery 2024-01-31 05947430 d:PlantMachinery 2023-01-31 05947430 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 05947430 d:OfficeEquipment 2023-02-01 2024-01-31 05947430 d:OfficeEquipment 2024-01-31 05947430 d:OfficeEquipment 2023-01-31 05947430 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 05947430 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 05947430 d:CurrentFinancialInstruments 2024-01-31 05947430 d:CurrentFinancialInstruments 2023-01-31 05947430 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 05947430 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 05947430 d:ShareCapital 2024-01-31 05947430 d:ShareCapital 2023-01-31 05947430 d:RetainedEarningsAccumulatedLosses 2024-01-31 05947430 d:RetainedEarningsAccumulatedLosses 2023-01-31 05947430 c:FRS102 2023-02-01 2024-01-31 05947430 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 05947430 c:FullAccounts 2023-02-01 2024-01-31 05947430 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 05947430









QUARK FILMS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

 
QUARK FILMS LIMITED
REGISTERED NUMBER: 05947430

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
425
566

  
425
566

Current assets
  

Debtors: amounts falling due within one year
 5 
222
264

Cash at bank and in hand
 6 
-
510

  
222
774

Creditors: amounts falling due within one year
 7 
(24,226)
(21,960)

Net current liabilities
  
 
 
(24,004)
 
 
(21,186)

Total assets less current liabilities
  
(23,579)
(20,620)

  

Net liabilities
  
(23,579)
(20,620)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(23,581)
(20,622)

  
(23,579)
(20,620)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
 
Page 1

 
QUARK FILMS LIMITED
REGISTERED NUMBER: 05947430
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2024


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 January 2025.




G Humphries
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
QUARK FILMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Quark Films Limited is a private company limited by shares and registered in England & Wales. The
address of its registered office and principal place of business is 5 Radcliffe Avenue, London, NW10 5XU.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the reporting date the company had net liabilities of £23,579 and is dependent on the support of
its director who has confirmed his intention to support the company. As a result the director believes
it is appropriate to prepare the accounts on the going concern basis. The financial statements do
not include adjustments that would result from the withdrawal of this financial support.

 
2.3

Revenue

Revenue comprises distribution revenue receivable and is recognised in the Statement of Income and Retained Earnings in the period it is contractually due.
Where revenue received exceeds costs incurred to date and profits are not anticipated, the balance is treated as deferred income and held on the Statement of Financial Position until further costs are incurred or profits anticipated. At this point the deferred income is released to the Statement of Income and Retained Earnings.

Page 3

 
QUARK FILMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25% reducing balance
Production equipment
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short term debtors are measured at the transaction price, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from other third parties and loans from related parties.

 
2.8

Creditors

Short term creditors are measured at the transaction price, less any impairment.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
QUARK FILMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Tangible fixed assets





Plant and machinery
Production equipment
Total

£
£
£



Cost or valuation


At 1 February 2023
6,946
5,944
12,890



At 31 January 2024

6,946
5,944
12,890



Depreciation


At 1 February 2023
6,793
5,531
12,324


Charge for the year on owned assets
38
103
141



At 31 January 2024

6,831
5,634
12,465



Net book value



At 31 January 2024
115
310
425



At 31 January 2023
153
413
566


5.


Debtors

2024
2023
£
£


Other debtors
222
264

222
264



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
-
510

Less: bank overdrafts
(1)
-

(1)
510


Page 5

 
QUARK FILMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
1
-

Trade creditors
1,889
2,073

Other creditors
11,086
8,887

Accruals and deferred income
11,250
11,000

24,226
21,960



8.


Controlling party

Throughout the current and preceeding year, the company was under the control of G Humphries by virtue of his shareholding.

 
Page 6