Amica Films Limited
Unaudited Financial Statements
For Filing with Registrar
For the year ended 31 May 2024
Company Registration No. 03999797 (England and Wales)
Amica Films Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 3
Amica Films Limited
Balance Sheet
As at 31 May 2024
Page 1
2024
2023
Notes
£
£
£
£
Current assets
Stock
3
40,735
40,735
Debtors
100
Cash at bank and in hand
54
204
40,789
41,039
Creditors: amounts falling due within one year
4
(70,087)
(69,587)
Net current liabilities
(29,298)
(28,548)
Capital and reserves
Called up share capital
5
10
10
Profit and loss reserves
(29,308)
(28,558)
Total equity
(29,298)
(28,548)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 29 April 2025
Ms T J Walker
Director
Company Registration No. 03999797
Amica Films Limited
Notes to the Financial Statements
For the year ended 31 May 2024
Page 2
1
Accounting policies
Company information
Amica Films Limited is a private company limited by shares incorporated in England and Wales. The registered office is Charlotte Building, 17 Gresse Street, London, W1T 1QL.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
At the time of approving the financial statements, the director has a reasonable expectation that thetrue
company has adequate resources to continue in operational existence for the foreseeable future. The
company is supported by loans from the director, who has confirmed she will not recall the loan until
such time as the company is able to repay.
Thus the director continues to adopt the going concern basis of accounting in preparing the financial
statements.
1.3
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.4
Financial instruments
The company has only basic financial instruments at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.
1.5
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.6
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
Amica Films Limited
Notes to the Financial Statements (Continued)
For the year ended 31 May 2024
Page 3
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
3
Stock
2024
2023
£
£
Stock
40,735
40,735
4
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
69,387
69,037
Accruals and deferred income
700
550
70,087
69,587
5
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
10
10
10
10
6
Ultimate controlling party
The company is controlled by director Tiggy Walker by virtue of her majority shareholding in the company.