Silverfin false false 31/05/2024 01/06/2023 31/05/2024 Mrs F Davis 21/05/2015 Mr J Davis 21/05/2015 James Davis 04 April 2025 The principal activity of the company is the production of special effects for the film industry 09602257 2024-05-31 09602257 bus:Director1 2024-05-31 09602257 bus:Director2 2024-05-31 09602257 2023-05-31 09602257 core:CurrentFinancialInstruments 2024-05-31 09602257 core:CurrentFinancialInstruments 2023-05-31 09602257 core:ShareCapital 2024-05-31 09602257 core:ShareCapital 2023-05-31 09602257 core:RetainedEarningsAccumulatedLosses 2024-05-31 09602257 core:RetainedEarningsAccumulatedLosses 2023-05-31 09602257 core:Goodwill 2023-05-31 09602257 core:Goodwill 2024-05-31 09602257 core:FurnitureFittings 2023-05-31 09602257 core:FurnitureFittings 2024-05-31 09602257 bus:OrdinaryShareClass1 2024-05-31 09602257 2023-06-01 2024-05-31 09602257 bus:FilletedAccounts 2023-06-01 2024-05-31 09602257 bus:SmallEntities 2023-06-01 2024-05-31 09602257 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 09602257 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09602257 bus:Director1 2023-06-01 2024-05-31 09602257 bus:Director2 2023-06-01 2024-05-31 09602257 bus:Director3 2023-06-01 2024-05-31 09602257 core:Goodwill core:TopRangeValue 2023-06-01 2024-05-31 09602257 core:FurnitureFittings 2023-06-01 2024-05-31 09602257 2022-06-01 2023-05-31 09602257 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 09602257 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09602257 (England and Wales)

JAMES DAVIS SPECIAL EFFECTS LIMITED

Unaudited Financial Statements
For the financial year ended 31 May 2024
Pages for filing with the registrar

JAMES DAVIS SPECIAL EFFECTS LIMITED

Unaudited Financial Statements

For the financial year ended 31 May 2024

Contents

JAMES DAVIS SPECIAL EFFECTS LIMITED

BALANCE SHEET

As at 31 May 2024
JAMES DAVIS SPECIAL EFFECTS LIMITED

BALANCE SHEET (continued)

As at 31 May 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 1,756 2,195
1,756 2,195
Current assets
Cash at bank and in hand 264 1,929
264 1,929
Creditors: amounts falling due within one year 5 ( 29,187) ( 27,779)
Net current liabilities (28,923) (25,850)
Total assets less current liabilities (27,167) (23,655)
Net liabilities ( 27,167) ( 23,655)
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account ( 27,267 ) ( 23,755 )
Total shareholders' deficit ( 27,167) ( 23,655)

For the financial year ending 31 May 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of James Davis Special Effects Limited (registered number: 09602257) were approved and authorised for issue by the Board of Directors on 04 April 2025. They were signed on its behalf by:

James Davis
Director
JAMES DAVIS SPECIAL EFFECTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
JAMES DAVIS SPECIAL EFFECTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

James Davis Special Effects Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors made the decision that the Company would cease trading . The directors plan to strike off the company following the submission of these accounts. As a result the financial statements have been prepared on a basis other than the going concern basis of preparation. The directors have included in the financial statements any provision for future costs of terminating the business, which were committed to at the balance sheet date and where appropriate the Company's assets have been written down to their net realisable value.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 5 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Fixtures and fittings 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 June 2023 5,000 5,000
At 31 May 2024 5,000 5,000
Accumulated amortisation
At 01 June 2023 5,000 5,000
At 31 May 2024 5,000 5,000
Net book value
At 31 May 2024 0 0
At 31 May 2023 0 0

4. Tangible assets

Fixtures and fittings Total
£ £
Cost
At 01 June 2023 6,885 6,885
At 31 May 2024 6,885 6,885
Accumulated depreciation
At 01 June 2023 4,690 4,690
Charge for the financial year 439 439
At 31 May 2024 5,129 5,129
Net book value
At 31 May 2024 1,756 1,756
At 31 May 2023 2,195 2,195

5. Creditors: amounts falling due within one year

2024 2023
£ £
Other creditors 29,187 27,779

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary Shares shares of £ 1.00 each 100 100