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Analog Films Ltd
Registered Number:11481651
For the year ended 31 July 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 July 2024
Analog Films Ltd
Contents Page
1
Statement of Financial Position
2 to 6
Notes to the Financial Statements
3
Registered Number :
11481651
As at 31 July 2024
Analog Films Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
5,008
16,491
2
5,008
16,491
Current assets
Inventories
1,420
2,250
Trade and other receivables
36,624
17,318
3
17
Cash and cash equivalents
14,666
34,234
38,061
Trade and other payables: amounts falling due within one year
(37,411)
(31,086)
4
650
3,148
Net current assets
Total assets less current liabilities
8,156
17,141
Trade and other payables: amounts falling due after more than one
year
(12,955)
(6,822)
5
(1,252)
(4,123)
Provisions for liabilities
82
Net assets
63
Capital and reserves
Called up share capital
2
2
Retained earnings
80
61
82
63
Shareholders' funds
For the year ended 31 July 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 of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each
financial year and of its profit or loss for each financial year in accordance with the requirements of Section 394 and 395 and
which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable
to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Matthew Stanley Howard Littler Director
These financial statements were approved and authorised for issue by the Board on 22 April 2025 and were signed by:
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4
Registered Number :
11481651
For the year ended 31 July 2024
Analog Films Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 6
5
For the year ended 31 July 2024
Analog Films Ltd
Notes to the Financial Statements
Statutory Information
Analog Films Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
11481651.
Registered address:
17 Ranelagh Drive South
Liverpool
L19 9DR
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The
financial statements have been prepared under the historical costs convention, unless otherwise specified.
Revenue recognition
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:- the amount of revenue can be measured reliably;- it is probable that the Company will receive the consideration due under the contract;- the stage of completion of the contract at the end of the reporting period can be measured reliably; and- the costs incurred and the costs to complete the contract can be measured reliably.
Property, plant and equipment
Property, plant and equipment are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25% Straight line
20% Straight line
Motor Vehicles
25% Straight line
Furniture and Fittings
Inventories
Work in progress relates to production or content creation costs that are considered fully recoverable and are recorded at the lower of cost and net realisable value, and are net of VAT. Work in progress is released to the profit and loss account in line with the stage of completion of the project to which it relates to.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the Statement of Financial Position date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will not be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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6
For the year ended 31 July 2024
Analog Films Ltd
Notes to the Financial Statements Continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it
relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the rates and laws that have been enacted or substantively enacted
by the Statement of Financial Position date.
Impairment of Assets
At each reporting date assets are reviewed to determine whether there is any indication that those assets have suffered an
impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and
compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its
recoverable amount and an impairment loss is recognised immediately in the profit or loss.
If an impairment loss is subsequently reversed, the carrying amount of the asset is increased to the revised estimate of its
recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised in
prior periods. A reversal of an impairment loss is recognised immediately in the profit or loss.
Basic Financial Instruments
Basic financial instruments that are payable or receivable within one year, typically trade creditors and debtors, are measured
initially and subsequently at the undiscounted amount of the cash or other consideration that is expected to be paid or received
less impairment losses for bad and doubtful debts.
2. Property, plant and equipment
Total
Furniture and
Fittings
Motor Vehicles
Plant and
Machinery
£
£
£
£
Cost or valuation
At 01 August 2023
69,030
19,285
17,500
32,245
18,577
-
-
18,577
Additions
(11,538)
-
(17,423)
Disposals
(28,961)
At 31 July 2024
33,399
17,500
7,747
58,646
Provision for depreciation and impairment
At 01 August 2023
52,539
15,780
11,375
25,384
Charge for year
12,637
3,221
3,500
5,916
(11,538)
(11,538)
-
-
On disposal
At 31 July 2024
53,638
7,463
14,875
31,300
At 31 July 2024
Net book value
2,099
2,625
284
5,008
At 31 July 2023
6,861
6,125
3,505
16,491
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7
For the year ended 31 July 2024
Analog Films Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables
2023
2024
£
£
Trade debtors
3,121
33,835
Amounts owed by directors
9,172
2,789
Other debtors
5,025
-
36,624
17,318
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
6,135
5,984
Trade creditors
-
491
Taxation and social security
5,332
29,436
Accruals and deferred income
2,196
1,500
Other creditors
17,423
-
31,086
37,411
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
6,822
12,955
6. Related party transactions
Included in other creditors is a loan of £17,423 from Ark Immersive Ltd, a company partially owned by the director. The loan
was provided to enable Analog Films Ltd to purchase equipment. At the end of the year £17,423 (2023: £nil) is owed to Ark
Immersive Ltd.
7. Directors advances and guarantees
At 01/08/2023
Loaned
At 31/07/2024
£
£
£
Mr Matthew Stanley Howard Littler
Loan to the director, interest free and repayable on demand.
9,172
2,790
6,382
9,172
2,790
6,382
8. Average number of persons employed
During the year the average number of employees was 1 (2023 : 1)
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8
For the year ended 31 July 2024
Analog Films Ltd
Notes to the Financial Statements Continued
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