Cinemac Limited 08418165 false 2024-03-01 2025-02-28 2025-02-28 The principal activity of the company is cinematography. Digita Accounts Production Advanced 6.30.9574.0 true 08418165 2024-03-01 2025-02-28 08418165 2025-02-28 08418165 bus:OrdinaryShareClass1 2025-02-28 08418165 bus:OrdinaryShareClass2 2025-02-28 08418165 core:HirePurchaseContracts core:CurrentFinancialInstruments 2025-02-28 08418165 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2025-02-28 08418165 core:CurrentFinancialInstruments 2025-02-28 08418165 core:CurrentFinancialInstruments core:WithinOneYear 2025-02-28 08418165 core:Non-currentFinancialInstruments core:AfterOneYear 2025-02-28 08418165 core:Goodwill 2025-02-28 08418165 core:MotorVehicles 2025-02-28 08418165 core:OtherPropertyPlantEquipment 2025-02-28 08418165 bus:SmallEntities 2024-03-01 2025-02-28 08418165 bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 08418165 bus:FilletedAccounts 2024-03-01 2025-02-28 08418165 bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 08418165 bus:RegisteredOffice 2024-03-01 2025-02-28 08418165 bus:Director1 2024-03-01 2025-02-28 08418165 bus:Director2 2024-03-01 2025-02-28 08418165 bus:OrdinaryShareClass1 2024-03-01 2025-02-28 08418165 bus:OrdinaryShareClass2 2024-03-01 2025-02-28 08418165 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 08418165 core:Goodwill 2024-03-01 2025-02-28 08418165 core:MotorVehicles 2024-03-01 2025-02-28 08418165 core:OtherPropertyPlantEquipment 2024-03-01 2025-02-28 08418165 core:PlantMachinery 2024-03-01 2025-02-28 08418165 countries:EnglandWales 2024-03-01 2025-02-28 08418165 2024-02-29 08418165 core:Goodwill 2024-02-29 08418165 core:MotorVehicles 2024-02-29 08418165 core:OtherPropertyPlantEquipment 2024-02-29 08418165 2023-03-01 2024-02-29 08418165 2024-02-29 08418165 bus:OrdinaryShareClass1 2024-02-29 08418165 bus:OrdinaryShareClass2 2024-02-29 08418165 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-02-29 08418165 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-02-29 08418165 core:CurrentFinancialInstruments 2024-02-29 08418165 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 08418165 core:Non-currentFinancialInstruments core:AfterOneYear 2024-02-29 08418165 core:MotorVehicles 2024-02-29 08418165 core:OtherPropertyPlantEquipment 2024-02-29 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08418165

Cinemac Limited

Unaudited Filleted Financial Statements

for the Year Ended 28 February 2025

 

Cinemac Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 8

 

Cinemac Limited

Company Information

Directors

Kim McDonnell

Andrew James McDonnell

Registered office

Nestfield Cottage
Nesfield
Ilkley
North Yorkshire
LS29 0BW

 

Cinemac Limited

(Registration number: 08418165)
Balance Sheet as at 28 February 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

5

19,899

25,833

Current assets

 

Stocks

6

3,500

1,500

Debtors

7

4,491

7,200

Cash at bank and in hand

 

7,276

-

 

15,267

8,700

Creditors: Amounts falling due within one year

8

(35,124)

(28,861)

Net current liabilities

 

(19,857)

(20,161)

Total assets less current liabilities

 

42

5,672

Creditors: Amounts falling due after more than one year

8

-

(5,542)

Net assets

 

42

130

Capital and reserves

 

Called up share capital

9

2

2

Retained earnings

40

128

Shareholders' funds

 

42

130

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 May 2025 and signed on its behalf by:
 

.........................................
Andrew James McDonnell
Director

 

Cinemac Limited

Notes to the Financial Statements for the Year Ended 28 February 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Nestfield Cottage
Nesfield
Ilkley
North Yorkshire
LS29 0BW

These financial statements were authorised for issue by the Board on 29 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Cinemac Limited

Notes to the Financial Statements for the Year Ended 28 February 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Camera and computer equipment

20% on cost

Motor vehicles

25% on cost

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

 

Cinemac Limited

Notes to the Financial Statements for the Year Ended 28 February 2025

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

 

Cinemac Limited

Notes to the Financial Statements for the Year Ended 28 February 2025

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 March 2024

10,000

10,000

At 28 February 2025

10,000

10,000

Amortisation

At 1 March 2024

10,000

10,000

At 28 February 2025

10,000

10,000

Carrying amount

At 28 February 2025

-

-

5

Tangible assets

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 March 2024

40,000

126,152

166,152

Additions

-

4,639

4,639

At 28 February 2025

40,000

130,791

170,791

Depreciation

At 1 March 2024

14,167

126,152

140,319

Charge for the year

10,000

573

10,573

At 28 February 2025

24,167

126,725

150,892

Carrying amount

At 28 February 2025

15,833

4,066

19,899

At 29 February 2024

25,833

-

25,833

6

Stocks

2025
£

2024
£

Work in progress

3,500

1,500

7

Debtors

 

Cinemac Limited

Notes to the Financial Statements for the Year Ended 28 February 2025

2025
£

2024
£

Trade debtors

4,491

904

Other debtors

-

6,296

4,491

7,200

Current

2025
£

2024
£

Trade debtors

4,491

904

Other debtors

-

6,296

 

4,491

7,200

8

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Bank loans and overdrafts

10

3,085

7,283

trade creditors

 

1,462

1,461

Taxation and social security

 

29,151

18,820

Accruals and deferred income

 

1,305

1,205

Other creditors

 

121

92

 

35,124

28,861

 

Cinemac Limited

Notes to the Financial Statements for the Year Ended 28 February 2025

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

10

-

5,542

9

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary A of £1 each

1

1

1

1

Ordinary B of £1 each

1

1

1

1

2

2

2

2

10

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Hire purchase contracts

-

5,542

Current loans and borrowings

2025
£

2024
£

Bank overdrafts

-

3,449

Hire purchase contracts

3,085

3,834

3,085

7,283

Hire purchase contracts are secured on the assets concerned.