We Write at Dawn Limited 08949031 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is the provision of services to the entertainment industry. Digita Accounts Production Advanced 6.30.9574.0 true true 08949031 2023-04-01 2024-03-31 08949031 2024-03-31 08949031 core:CurrentFinancialInstruments 2024-03-31 08949031 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 08949031 core:FurnitureFittingsToolsEquipment 2024-03-31 08949031 bus:SmallEntities 2023-04-01 2024-03-31 08949031 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08949031 bus:FilletedAccounts 2023-04-01 2024-03-31 08949031 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08949031 bus:RegisteredOffice 2023-04-01 2024-03-31 08949031 bus:CompanySecretary1 2023-04-01 2024-03-31 08949031 bus:Director1 2023-04-01 2024-03-31 08949031 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08949031 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 08949031 core:OfficeEquipment 2023-04-01 2024-03-31 08949031 countries:EnglandWales 2023-04-01 2024-03-31 08949031 core:FurnitureFittingsToolsEquipment 2023-03-31 08949031 2022-04-01 2023-03-31 08949031 2023-03-31 08949031 core:CurrentFinancialInstruments 2023-03-31 08949031 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 08949031 core:FurnitureFittingsToolsEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 08949031

We Write at Dawn Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

We Write at Dawn Limited

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3 to 6

 

We Write at Dawn Limited

Company Information

Director

K N L Wilson-Cairns

Company secretary

L Wilson-Cairns

Registered office

130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

Accountants

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

We Write at Dawn Limited

Statement of Financial Position as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

64

127

Current assets

 

Debtors

5

389,378

581,542

Cash at bank and in hand

 

936,572

846,879

 

1,325,950

1,428,421

Creditors: Amounts falling due within one year

6

(34,246)

(117,494)

Net current assets

 

1,291,704

1,310,927

Net assets

 

1,291,768

1,311,054

Capital and reserves

 

Called up share capital

10

10

Retained earnings

1,291,758

1,311,044

Shareholders' funds

 

1,291,768

1,311,054

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

Approved and authorised by the director on 30 January 2025
 

.........................................

K N L Wilson-Cairns

Director

Company registration number: 08949031

 

We Write at Dawn Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principle activity of the company is the provision of services to the entertainment industry.

2

Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company made a profit for the year ended 31 March 2024 and had net assets of £1,291,768 at that date, including cash at bank of £936,572.

The director has considered the potential effects of the current economic climate and believes that any impact will be manageable. The company earns commissions from the online delivery of previously produced cinematic productions, has few fixed overheads and the creation of new cinematic productions is ongoing with new projects under way.

On the basis of the above, and after making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, rebates and discounts.

The company recognises revenue from script writing services based upon the contractual stage of completion. Turnover from royalties are recognised in the period in which they are earned.

 

We Write at Dawn Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

We Write at Dawn Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company during the year, was 1 (2023 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Cost or valuation

At 1 April 2023

13,791

At 31 March 2024

13,791

Depreciation

At 1 April 2023

13,664

Charge for the year

63

At 31 March 2024

13,727

Carrying amount

At 31 March 2024

64

At 31 March 2023

127

5

Debtors

2024
£

2023
£

Other debtors

389,378

581,542

389,378

581,542

 

We Write at Dawn Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Taxation and social security

14,918

107,323

Accruals and deferred income

10,500

10,000

Other creditors

8,828

171

34,246

117,494

7

Transactions with directors

At 31 March 2024 an amount of £312,400 (2023: £66,339) was due from the director. During the year advances of £309,707 and repayments of £67,858 were made. Interest of £4,213 (2023: £1,627) has been charged at 2.25% per annum. There are no set terms in place.