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Registered number: 12384502
Moviegoers Entertainment Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
AGS & Accountancy Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12384502
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 48,109 65,793
48,109 65,793
CURRENT ASSETS
Debtors 5 49,885 42,478
Cash at bank and in hand 414,837 300,121
464,722 342,599
Creditors: Amounts Falling Due Within One Year 6 (175,560 ) (320,757 )
NET CURRENT ASSETS (LIABILITIES) 289,162 21,842
TOTAL ASSETS LESS CURRENT LIABILITIES 337,271 87,635
Creditors: Amounts Falling Due After More Than One Year 7 (46,101 ) (51,319 )
NET ASSETS 291,170 36,316
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 291,169 36,315
SHAREHOLDERS' FUNDS 291,170 36,316
Page 1
Page 2
For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr P Kapadia
Director
05/03/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Moviegoers Entertainment Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12384502 . The registered office is 54 Drake Road,, Harrow, London, Middlesex, HA2 9EA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on cost
Motor Vehicles 25% on cost
Fixtures & Fittings 25% on cost
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 1)
2 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2023 5,068 44,090 40,308 89,466
Additions 6,244 - - 6,244
As at 31 March 2024 11,312 44,090 40,308 95,710
Depreciation
As at 1 April 2023 1,628 22,045 - 23,673
Provided during the period 2,828 11,023 10,077 23,928
As at 31 March 2024 4,456 33,068 10,077 47,601
Net Book Value
As at 31 March 2024 6,856 11,022 30,231 48,109
As at 1 April 2023 3,440 22,045 40,308 65,793
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 43,309 30,792
Amounts owed by group undertakings 1,250 1,350
Other debtors 5,326 10,336
49,885 42,478
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 26,897 301,295
Bank loans and overdrafts - 4,301
Other creditors 40,648 5,839
Taxation and social security 108,015 9,322
175,560 320,757
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 46,101 51,319
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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9. Related Party Transactions
The Company was under the control of Mr. P. Kapadia, the director of the company. throught the current and previos year.
The Company has paid rent of £6,000 (2023: £6,000) and research & marketing fees of £20,000 (2023: NIL) to Malaika Kapadia during the year.
The Company has paid research & marketing and social media fees of £54,700 (2023: NIL) Gayatri Kapadia.
No other tranasactions with related parties were undertaken such as required to be disclosed under the Financial Reporting Standard 8.
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