COMPANY REGISTRATION NUMBER:
13861116
Salusbury Animation Limited |
|
Filleted Unaudited Financial Statements |
|
Salusbury Animation Limited |
|
Statement of Financial Position |
|
30 June 2024
Current assets
Debtors |
4 |
466 |
60 |
Cash at bank and in hand |
3,307 |
4,235 |
|
------- |
------- |
|
3,773 |
4,295 |
|
|
|
|
Creditors: amounts falling due within one year |
5 |
1,561 |
947 |
|
------- |
------- |
Net current assets |
2,212 |
3,348 |
|
------- |
------- |
Total assets less current liabilities |
2,212 |
3,348 |
|
|
|
|
Accruals and deferred income |
1,000 |
1,000 |
|
------- |
------- |
Net assets |
1,212 |
2,348 |
|
------- |
------- |
|
|
|
Capital and reserves
Called up share capital |
1 |
1 |
Profit and loss account |
1,211 |
2,347 |
|
------- |
------- |
Shareholders funds |
1,212 |
2,348 |
|
------- |
------- |
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 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 financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
14 February 2025
, and are signed on behalf of the board by:
Company registration number:
13861116
Salusbury Animation Limited |
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Notes to the Financial Statements |
|
Year ended 30 June 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 99 Kenton Road, Harrow, Middlesex, HA3 0AN and its principal place of business is at 28 Honiton Road, London, NW6 6QD. The company's registered number is
13861116
.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, management are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from estimates. The directors do not believe there are any key sources of estimation, uncertainty or critical judgements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4.
Debtors
|
2024 |
2023 |
|
£ |
£ |
Other debtors |
466 |
60 |
|
---- |
---- |
|
|
|
5.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
Trade creditors |
1,200 |
– |
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
361 |
361 |
Corporation tax |
– |
586 |
|
------- |
---- |
|
1,561 |
947 |
|
------- |
---- |
|
|
|
The amounts owed to group undertakings are unsecured, interest free and repayable on demand.
6.
Related party transactions
The company has taken advantage of the exemption conferred by Financial Reporting Standard 102 from disclosing details of transactions with other wholly owned group companies.
7.
Controlling party
The company is a wholly owned subsidiary of Salusbury Films Limited, a company incorporated in England and Wales.
Mr N Bower
is considered to be a single ultimate controlling party.