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REGISTERED NUMBER: 06881287 (England and Wales)











Financial Statements

for the Year Ended 31 October 2024

for

WILLIS FILMS LIMITED

WILLIS FILMS LIMITED (REGISTERED NUMBER: 06881287)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WILLIS FILMS LIMITED

Company Information
for the Year Ended 31 October 2024







DIRECTOR: Mr T Willis





SECRETARY: Mrs V Willis





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 06881287 (England and Wales)





ACCOUNTANTS: Conroy & Lermer
Chartered Accountants
42 Lytton Road
BARNET
EN5 5BY

WILLIS FILMS LIMITED (REGISTERED NUMBER: 06881287)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 837 907

CURRENT ASSETS
Debtors 5 22,516 37,299
Cash at bank 364 11,478
22,880 48,777
CREDITORS
Amounts falling due within one year 6 23,423 18,750
NET CURRENT (LIABILITIES)/ASSETS (543 ) 30,027
TOTAL ASSETS LESS CURRENT
LIABILITIES

294

30,934

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 194 30,834
SHAREHOLDERS' FUNDS 294 30,934

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 July 2025 and were signed by:





Mr T Willis - Director


WILLIS FILMS LIMITED (REGISTERED NUMBER: 06881287)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Willis Films Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

WILLIS FILMS LIMITED (REGISTERED NUMBER: 06881287)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2023 581 10,919 11,500
Additions - 517 517
Disposals - (4,552 ) (4,552 )
At 31 October 2024 581 6,884 7,465
DEPRECIATION
At 1 November 2023 145 10,448 10,593
Charge for year 109 478 587
Eliminated on disposal - (4,552 ) (4,552 )
At 31 October 2024 254 6,374 6,628
NET BOOK VALUE
At 31 October 2024 327 510 837
At 31 October 2023 436 471 907

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 10,800 5,400
Directors' current accounts 11,716 31,899
22,516 37,299

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Tax 8,616 12,551
VAT 2,871 891
Accruals and deferred income 11,936 5,308
23,423 18,750

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
75 Ordinary A £1 75 75
25 Ordinary B £1 25 25
100 100

WILLIS FILMS LIMITED (REGISTERED NUMBER: 06881287)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

31.10.24 31.10.23
£    £   
Mr T Willis
Balance outstanding at start of year 31,899 57,916
Amounts advanced 90,191 59,902
Amounts repaid (110,375 ) (85,919 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,715 31,899

As at the balance sheet date, included within debtors due within one year is £11,715 (2023: £31,899) due and payable by the director. Interest of £236 was charged at 2.25% on the overdrawn director loan account for the period, The overdrawn amount was fully paid of within 9 months from the balance sheet date.