| Eaton Films Ltd |
| Notes to the Accounts |
| for the year ended 31 December 2024 |
|
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| 1 |
Accounting policies |
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Basis of preparation |
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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). |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of value added tax, from the sale of goods and from the rendering of services. |
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Intangible fixed assets |
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Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
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Tangible fixed assets |
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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: |
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Plant and machinery |
over 5 years |
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Fixtures, fittings, tools and equipment |
over 5 years |
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Investments |
|
Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
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Debtors |
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Short term debtors are measured invoice price, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at 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. |
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Taxation |
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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 to the extent that a tax loss can be carried back to recover tax paid in a previous period. |
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Foreign currency translation |
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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. |
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|
| 2 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
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| 3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
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Cost |
|
At 1 January 2024 |
184,906 |
|
At 31 December 2024 |
184,906 |
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Amortisation |
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At 1 January 2024 |
174,906 |
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At 31 December 2024 |
174,906 |
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Net book value |
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At 31 December 2024 |
10,000 |
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At 31 December 2023 |
10,000 |
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| 4 |
Tangible fixed assets |
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Plant and machinery etc |
| £ |
|
Cost |
|
At 1 January 2024 |
68,694 |
|
Additions |
1,720 |
|
At 31 December 2024 |
70,414 |
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Depreciation |
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At 1 January 2024 |
68,694 |
|
Charge for the year |
430 |
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At 31 December 2024 |
69,124 |
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Net book value |
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At 31 December 2024 |
1,290 |
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| 5 |
Investments |
2024 |
|
2023 |
| £ |
£ |
|
Fair value |
|
At 1 January 2024 |
225,001 |
|
207,230 |
|
Additions |
4,245 |
|
3,576 |
|
Fair value adjustments |
41,632 |
|
14,195 |
|
Disposals |
- |
|
- |
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At 31 December 2024 |
270,878 |
|
225,001 |
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| 6 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade debtors |
3,670 |
|
894 |
|
Other debtors |
41,957 |
|
44,456 |
|
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|
45,627 |
|
45,350 |
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| 7 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
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Trade creditors |
1,224,407 |
|
1,239,363 |
|
Other taxes and social security costs |
4,226 |
|
4,214 |
|
Other creditors |
17,921 |
|
18,085 |
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|
1,246,554 |
|
1,261,662 |
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| 8 |
Other information |
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Eaton Films Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
10 Holbein Mews |
|
Lower Sloane Street |
|
London |
|
SW1W 8NN |