Registered number
12063590
Daredevil Films Limited
Filleted Accounts
30 June 2024
Daredevil Films Limited
Registered number: 12063590
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 14,282 25,424
Current assets
Debtors 4 9,616 8,773
Cash at bank and in hand 17,524 6,799
27,140 15,572
Creditors: amounts falling due within one year 5 (21,497) (15,549)
Net current assets 5,643 23
Total assets less current liabilities 19,925 25,447
Creditors: amounts falling due after more than one year 6 (18,274) (25,155)
Net assets 1,651 292
Capital and reserves
Called up share capital 1 1
Profit and loss account 1,650 291
Shareholder's funds 1,651 292
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
L Simoka
Director
Approved by the board on 14 March 2025
Daredevil Films Limited
Notes to the Accounts
for the year ended 30 June 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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the 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.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2023 1,722 43,190 44,912
At 30 June 2024 1,722 43,190 44,912
Depreciation
At 1 July 2023 592 18,896 19,488
Charge for the year 345 10,797 11,142
At 30 June 2024 937 29,693 30,630
Net book value
At 30 June 2024 785 13,497 14,282
At 30 June 2023 1,130 24,294 25,424
4 Debtors 2024 2023
£ £
Trade debtors 8,000 -
Other debtors 1,616 8,773
9,616 8,773
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 6,881 6,881
Trade creditors 830 -
Taxation and social security costs 13,016 7,958
Other creditors 770 710
21,497 15,549
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 18,274 25,155
7 Controlling party
The company considers the director to be its controlling party.
8 Other information
Daredevil Films Limited is a private company limited by shares and incorporated in England. Its registered office is:
81 Hyperion Walk
Horley
Surrey
RH6 7DB
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