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Registration number: 03818455

Shoot to Edit Pictures Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Shoot to Edit Pictures Limited

Contents

Balance Sheet

1

Notes to the Financial Statements

2 to 3

 

Shoot to Edit Pictures Limited

(Registration number: 03818455)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,049

-

Current assets

 

Cash at bank and in hand

 

100

100

Creditors: Amounts falling due within one year

5

(47,702)

(54,659)

Net current liabilities

 

(47,602)

(54,559)

Net liabilities

 

(46,553)

(54,559)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(46,653)

(54,659)

Shareholders' deficit

 

(46,553)

(54,559)

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

Directors' 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 directors acknowledge their 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 31 January 2025 and signed on its behalf by:
 

.........................................
R S McKenzie
Director

 

Shoot to Edit Pictures Limited

Notes to the Financial Statements for the Year Ended 31 August 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:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The accounts have been prepared on a going concern basis as the directors have agreed to support the company for a period of 12 months from the date the financial statements were signed.

Revenue recognition

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

Tangible assets

Tangible assets are stated in the balance sheet 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.

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.

Debtors

Trade debtors are amounts due from customers for water resource planning and conservation services performed in the ordinary course of business.

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.

 

Shoot to Edit Pictures Limited

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

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 September 2023

2,102

2,102

Additions

1,199

1,199

At 31 August 2024

3,301

3,301

Depreciation

At 1 September 2023

2,102

2,102

Charge for the year

150

150

At 31 August 2024

2,252

2,252

Carrying amount

At 31 August 2024

1,049

1,049

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Other creditors

47,702

54,659

6

Related party transactions

Other transactions with directors

The directors had a loan account with the company. At the balance sheet date the amount due to the directors was £47,132 (2023 - £54,179).