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Company Registration No. 11403806 (England and Wales)
Ineffable Films Ltd Unaudited accounts for the year ended 30 June 2024
Ineffable Films Ltd Unaudited accounts Contents
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Ineffable Films Ltd Company Information for the year ended 30 June 2024
Directors
N Luffman A Luffman
Company Number
11403806 (England and Wales)
Registered Office
31 St. Gregorys Crescent Gravesend DA12 4JS
Accountants
King & Taylor 123 Cross Lane East Gravesend Kent DA12 5HA
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Ineffable Films Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,241 
12,777 
Current assets
Debtors
8,595 
8,182 
Cash at bank and in hand
150 
179 
8,745 
8,361 
Creditors: amounts falling due within one year
(26,364)
(25,532)
Net current liabilities
(17,619)
(17,171)
Net liabilities
(2,378)
(4,394)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(2,478)
(4,494)
Shareholders' funds
(2,378)
(4,394)
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 March 2025 and were signed on its behalf by
N Luffman Director Company Registration No. 11403806
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Ineffable Films Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Ineffable Films Ltd is a private company, limited by shares, registered in England and Wales, registration number 11403806. The registered office is 31 St. Gregorys Crescent , Gravesend , DA12 4JS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Fixtures & fittings
20% Straight Line
Computer equipment
20% Straight Line
Going concern
The Directors have confirmed they intend to continue financing the trading activities of the company where necessary for the coming year.
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Ineffable Films Ltd Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2023
2,171 
230 
16,629 
19,030 
Additions
- 
- 
6,419 
6,419 
Disposals
- 
- 
(1,149)
(1,149)
At 30 June 2024
2,171 
230 
21,899 
24,300 
Depreciation
At 1 July 2023
1,026 
4 
5,223 
6,253 
Charge for the year
229 
46 
3,125 
3,400 
On disposals
- 
- 
(594)
(594)
At 30 June 2024
1,255 
50 
7,754 
9,059 
Net book value
At 30 June 2024
916 
180 
14,145 
15,241 
At 30 June 2023
1,145 
226 
11,406 
12,777 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
8,595 
8,182 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
2,001 
- 
Loans from directors
9,239 
9,342 
Accruals
523 
510 
Deferred income
14,601 
15,680 
26,364 
25,532 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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