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Company Registration No. 09829768 (England and Wales)
V&A Films Limited Unaudited accounts for the year ended 31 October 2024
V&A Films Limited Unaudited accounts Contents
Page
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V&A Films Limited Company Information for the year ended 31 October 2024
Directors
Adam Ford Victoria Procter
Company Number
09829768 (England and Wales)
Registered Office
Venta House, 9a Port Road Maesglas Retail Park Newport NP20 2NS Wales
Accountants
Evans Entwistle Office 12a Equinox South, Great Park Road Bradley Stoke Bristol BS32 4QL
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of V&A Films Limited for the year ended 31 October 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of V&A Films Limited for the year ended 31 October 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle Member in Practice Office 12a Equinox South, Great Park Road Bradley Stoke Bristol BS32 4QL 12 February 2025
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V&A Films Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
818 
1,309 
Current assets
Debtors
13,958 
4,525 
Cash at bank and in hand
20,388 
112,572 
34,346 
117,097 
Creditors: amounts falling due within one year
(8,402)
(17,218)
Net current assets
25,944 
99,879 
Total assets less current liabilities
26,762 
101,188 
Creditors: amounts falling due after more than one year
(26,445)
(52,344)
Provisions for liabilities
Deferred tax
(155)
(249)
Net assets
162 
48,595 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
62 
48,495 
Shareholders' funds
162 
48,595 
For the year ending 31 October 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 9 May 2025 and were signed on its behalf by
Adam Ford Director Company Registration No. 09829768
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V&A Films Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
V&A Films Limited is a private company, limited by shares, registered in England and Wales, registration number 09829768. The registered office is Venta House, 9a Port Road, Maesglas Retail Park, Newport, NP20 2NS, Wales.
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.
Presentation currency
The accounts are presented in £ sterling.
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
5 year straight-line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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V&A Films Limited Notes to the Accounts for the year ended 31 October 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 November 2023
19,261 
At 31 October 2024
19,261 
Depreciation
At 1 November 2023
17,952 
Charge for the year
491 
At 31 October 2024
18,443 
Net book value
At 31 October 2024
818 
At 31 October 2023
1,309 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
13,958 
4,525 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,513 
5,248 
Taxes and social security
93 
9,060 
Other creditors
2,096 
2,095 
Accruals
700 
815 
8,402 
17,218 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
26,445 
52,344 
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
155 
249 
2024 
2023 
£ 
£ 
Provision at start of year
249 
- 
(Credited)/charged to the profit and loss account
(94)
249 
Provision at end of year
155 
249 
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V&A Films Limited Notes to the Accounts for the year ended 31 October 2024
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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