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COMPANY REGISTRATION NUMBER: 01752135
FILMFLOW LIMITED
Filleted Unaudited Financial Statements
31 August 2024
FILMFLOW LIMITED
Statement of Financial Position
31 August 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
6
36,986
Current assets
Debtors
7
2,275
23,287
Cash at bank and in hand
5,035
36,485
-------
--------
7,310
59,772
Creditors: amounts falling due within one year
8
2,100
4,321
-------
--------
Net current assets
5,210
55,451
-------
--------
Total assets less current liabilities
5,210
92,437
Creditors: amounts falling due after more than one year
9
22,966
29,178
--------
--------
Net (liabilities)/assets
( 17,756)
63,259
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 17,856)
63,159
--------
--------
Shareholders (deficit)/funds
( 17,756)
63,259
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 29 May 2025 , and are signed on behalf of the board by:
A Hayter
Director
FILMFLOW LIMITED
Notes to the Financial Statements
Year ended 31 August 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 147 Merrion Avenue, Harrow, Middlesex, HA7 4RZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor Vehicles
-
10% reducing balance
Office equipment
-
15% reducing balance
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2023: 3 ).
5. Dividends
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year):
2024
2023
£
£
Equity dividends on ordinary shares
10,000
----
--------
6. Tangible assets
Motor vehicles
Total
£
£
Cost
At 1 September 2023
53,378
53,378
Disposals
( 53,378)
( 53,378)
--------
--------
At 31 August 2024
--------
--------
Depreciation
At 1 September 2023
16,392
16,392
Disposals
( 16,392)
( 16,392)
--------
--------
At 31 August 2024
--------
--------
Carrying amount
At 31 August 2024
--------
--------
At 31 August 2023
36,986
36,986
--------
--------
7. Debtors
2024
2023
£
£
Trade debtors
14,297
Corporation tax repayable
7,559
Other debtors
2,275
1,431
-------
--------
2,275
23,287
-------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
2,034
4,200
Social security and other taxes
55
Director loan accounts
66
66
-------
-------
2,100
4,321
-------
-------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
22,966
29,178
--------
--------
10. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
A Hayter
( 66)
( 66)
----
----
----
2023
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
A Hayter
( 82,897)
82,831
( 66)
--------
--------
----