Registered number
08208776
FACE NORTH VFX LIMITED
Filleted Accounts
30 September 2024
FACE NORTH VFX LIMITED
Registered number: 08208776
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 81,661 90,879
Current assets
Cash at bank and in hand 13,370 33,833
Creditors: amounts falling due within one year 4 (34,215) (46,437)
Net current liabilities (20,845) (12,604)
Total assets less current liabilities 60,816 78,275
Creditors: amounts falling due after more than one year 5 (29,911) (35,169)
Net assets 30,905 43,106
Capital and reserves
Called up share capital 100 100
Profit and loss account 30,805 43,006
Shareholders' funds 30,905 43,106
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A A Angus
Director
Approved by the board on 26 February 2025
FACE NORTH VFX LIMITED
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Studio no depreciation
Office and studio equipment 20% on the reducing balance basis
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 3
3 Tangible fixed assets
Studio Office and Studio equipment Total
£ £ £
Cost
At 1 October 2023 34,332 124,928 159,260
Additions - 2,614 2,614
At 30 September 2024 34,332 127,542 161,874
Depreciation
At 1 October 2023 - 68,381 68,381
Charge for the year - 11,832 11,832
At 30 September 2024 - 80,213 80,213
Net book value
At 30 September 2024 34,332 47,329 81,661
At 30 September 2023 34,332 56,547 90,879
4 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under hire purchase contracts - 6,366
Trade creditors and accruals 7,954 11,585
Taxation 24,567 24,843
Other creditors 1,694 3,643
34,215 46,437
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loan 29,911 35,169
6 Other information
FACE NORTH VFX LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Tarnwater
Coneygarth Lane
Tunstall
Carnforth
LA6 2QP
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