Registered number
06441433
PROJECTOR PICTURES LIMITED
Filleted Accounts
30 November 2024
PROJECTOR PICTURES LIMITED
Registered number: 06441433
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 5,730 4,120
Current assets
Debtors 4 115,375 17,325
Cash at bank and in hand 62,951 224,825
178,326 242,150
Creditors: amounts falling due within one year 5 (389,530) (408,941)
Net current liabilities (211,204) (166,791)
Net liabilities (205,474) (162,671)
Capital and reserves
Called up share capital 100 100
Share premium 49,975 49,975
Profit and loss account (255,549) (212,746)
Shareholders' funds (205,474) (162,671)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Trevor Eve
Director
Approved by the board on 31 March 2025
PROJECTOR PICTURES LIMITED
Notes to the Accounts
for the year ended 30 November 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).
Going Concern
The company is supported by an interest free loan from Mr. C Haswell. Mr Haswell has provided informal assurances of his continuing financial support for the foreseeable future. Therefore, the directors have prepared these accounts on a going concern basis.
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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:
Fixtures, fittings & equipment over 3 years straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2023 24,103
Additions 1,610
At 30 November 2024 25,713
Depreciation
At 1 December 2023 19,983
At 30 November 2024 19,983
Net book value
At 30 November 2024 5,730
At 30 November 2023 4,120
4 Debtors 2024 2023
£ £
Trade debtors 17,325 17,325
Costs incurred against future income 98,050 -
115,375 17,325
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 19,325
Taxation and social security costs (4,900) (4,498)
Other creditors 394,430 394,114
389,530 408,941
6 Controlling party
The Ultimate controlling parties are the Directors Mr T Eve and Mr C. M. Haswell
7 Other information
PROJECTOR PICTURES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
147 Hempstead Road
Watford
Herts
WD17 3HF
PROJECTOR PICTURES LIMITED 06441433 false 2023-12-01 2024-11-30 2024-11-30 VT Final Accounts July 2024 Trevor Eve No description of principal activity 06441433 2022-12-01 2023-11-30 06441433 core:WithinOneYear 2023-11-30 06441433 core:ShareCapital 2023-11-30 06441433 core:SharePremium 2023-11-30 06441433 core:RetainedEarningsAccumulatedLosses 2023-11-30 06441433 2023-12-01 2024-11-30 06441433 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 06441433 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 06441433 bus:Director40 2023-12-01 2024-11-30 06441433 1 2023-12-01 2024-11-30 06441433 2 2023-12-01 2024-11-30 06441433 core:PlantMachinery 2023-12-01 2024-11-30 06441433 countries:England 2023-12-01 2024-11-30 06441433 bus:FRS102 2023-12-01 2024-11-30 06441433 bus:FilletedAccounts 2023-12-01 2024-11-30 06441433 2024-11-30 06441433 core:WithinOneYear 2024-11-30 06441433 core:ShareCapital 2024-11-30 06441433 core:SharePremium 2024-11-30 06441433 core:RetainedEarningsAccumulatedLosses 2024-11-30 06441433 core:PlantMachinery 2024-11-30 06441433 2023-11-30 06441433 core:PlantMachinery 2023-11-30 iso4217:GBP xbrli:pure