Registered number
04892319
Robert Smith (Special Make-Up Effects) Limited
Filleted Accounts
30 November 2024
Robert Smith (Special Make-Up Effects) Limited
Registered number: 04892319
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 6,206 6,791
Current assets
Debtors 4 32,157 23,010
Cash at bank and in hand 20,728 59,714
52,885 82,724
Creditors: amounts falling due within one year 5 (53,021) (63,425)
Net current (liabilities)/assets (136) 19,299
Net assets 6,070 26,090
Capital and reserves
Called up share capital 101 101
Profit and loss account 5,969 25,989
Shareholders' funds 6,070 26,090
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.
R Smith
Director
Approved by the board on 24 March 2025
Robert Smith (Special Make-Up Effects) Limited
Notes to the Accounts
for the year ended 30 November 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 and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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:
Plant and machinery 25% of net book value
Fixtures, fittings, tools and equipment 25% of net book value
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2023 17,003 9,638 26,641
Additions 1,484 - 1,484
At 30 November 2024 18,487 9,638 28,125
Depreciation
At 1 December 2023 15,700 4,150 19,850
Charge for the year 697 1,372 2,069
At 30 November 2024 16,397 5,522 21,919
Net book value
At 30 November 2024 2,090 4,116 6,206
At 30 November 2023 1,303 5,488 6,791
4 Debtors 2024 2023
£ £
Trade debtors 14,374 20,100
Amounts due by directors 17,783 2,910
32,157 23,010
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 51,822 62,417
Other creditors 1,199 1,008
53,021 63,425
6 Controlling party
Mr R Smith is the sole director of the company and he is also the shareholder of the company.
7 Other information
Robert Smith (Special Make-Up Effects) Limited is a private company limited by shares and incorporated in England. Its registered office is:
34 Croydon Road
Caterham
CR3 6QB
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