Registered number
09830258
India Films Ltd
Filleted Accounts
31 October 2024
India Films Ltd
Registered number: 09830258
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 663 1,142
Current assets
Cash at bank and in hand 445 2,161
Creditors: amounts falling due within one year 4 (3,714) (2,832)
Net current liabilities (3,269) (671)
Total assets less current liabilities (2,606) 471
Creditors: amounts falling due after more than one year 5 (49,513) (69,308)
Net liabilities (52,119) (68,837)
Capital and reserves
Called up share capital 1 1
Profit and loss account (52,120) (68,838)
Shareholder's funds (52,119) (68,837)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G Mavers
Director
Approved by the board on 28 July 2025
India Films Ltd
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 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
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually 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.
Taxation
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 in respect of a tax loss that can be carried back to recover tax paid in a previous period. Current tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Equipment
£
Cost
At 1 November 2023 2,395
At 31 October 2024 2,395
Depreciation
At 1 November 2023 1,253
Charge for the year 479
At 31 October 2024 1,732
Net book value
At 31 October 2024 663
At 31 October 2023 1,142
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 2,064 2,064
Trade creditors 1,650 768
3,714 2,832
5 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 49,513 69,308
6 Related party transactions
Included in other creditors is a loan amounting to £100,447 (2022: £90,555) from the director. The repayment term is not fixed and the rate of interest charged is 0%. At the balance sheet date, the loan was still outstanding and is presented within other creditors: amounts falling due after more than one year.
7 Other information
India Films Ltd is a private company limited by shares and incorporated in England. Its registered office is:
5a Church Road South
Woolton Village
Liverpool
L25 7RJ
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