Total Film Crew Ltd
Unaudited Filleted Accounts
31 October 2024
Registered number
10995531
Total Film Crew Ltd
Registered number: 10995531
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 121,624 129,595
Current assets
Debtors 4 10,667 21,696
Cash at bank and in hand 11,530 15,920
22,197 37,616
Creditors: amounts falling due within one year 5 (101,466) (121,733)
Net current liabilities (79,269) (84,117)
Total assets less current liabilities 42,355 45,478
Provisions for liabilities (30,406) (32,399)
Net assets 11,949 13,079
Capital and reserves
Called up share capital 120 120
Profit and loss account 11,829 12,959
Shareholders' funds 11,949 13,079
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 M Bertenshaw
Director
Approved by the board on 7 May 2025
Total Film Crew Ltd
Notes to the Accounts
for the year ended 31 October 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 rendering of services. 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.
Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operation existence for the forseeable future. The company therefore continues to adopt the going concern basis in preparing the financial statements.
Critical accounting adjustments and key sources of estimation uncertainty
In the application of the accounting policies, the directors have to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not available from other sources. Actual results may differ from these estimates. No significant judgements have been made and no key sources of estimation uncertainty have been identified by the directors in preparing these financial statements.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 20% reducing balance basis
Motor vehicles 25% reducing balance basis
Fixtures, fittings, tools and equipment over 5 years
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
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 November 2023 135,521 17,695 153,216
Additions 51,927 - 51,927
Disposals (22,966) (17,695) (40,661)
At 31 October 2024 164,482 - 164,482
Depreciation
At 1 November 2023 22,884 737 23,621
Charge for the year 25,876 2,649 28,525
On disposals (5,902) (3,386) (9,288)
At 31 October 2024 42,858 - 42,858
Net book value
At 31 October 2024 121,624 - 121,624
At 31 October 2023 112,637 16,958 129,595
4 Debtors 2024 2023
£ £
Trade debtors 10,326 19,702
Other debtors 341 1,994
10,667 21,696
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 14,830 7,791
Other creditors 86,636 113,942
101,466 121,733
6 Related party transactions
At the balance sheet date the company owed £85,136 (2023: £108,910) to the directors. There are no fixed terms for repayment and interest is paid at the rate of 2% above base rate.
7 Other information
Total Film Crew Ltd is a private company limited by shares and incorporated in England. Its registered office is:
3 Mercian Way
Sedbury
Chepstow
NP16 7AP
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