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REGISTERED NUMBER: 12278786 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Little Monk Pictures Ltd

Little Monk Pictures Ltd (Registered number: 12278786)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Little Monk Pictures Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTOR: N D Jaynes





REGISTERED OFFICE: Blaithwaite Ashworth Road
Edgeside
Rossendale
BB4 9JE





REGISTERED NUMBER: 12278786 (England and Wales)





ACCOUNTANTS: Summit Accountants Limited
M.01 Tomorrow
MediaCityUK
Salford
Greater Manchester
M50 2AB

Little Monk Pictures Ltd (Registered number: 12278786)

Statement of Financial Position
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,500 9,936

CURRENT ASSETS
Debtors 5 63,758 75,528
Cash at bank and in hand 22,317 72,513
86,075 148,041
CREDITORS
Amounts falling due within one year 6 28,368 34,883
NET CURRENT ASSETS 57,707 113,158
TOTAL ASSETS LESS CURRENT
LIABILITIES

65,207

123,094

PROVISIONS FOR LIABILITIES 1,875 2,484
NET ASSETS 63,332 120,610

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 63,331 120,609
63,332 120,610

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 her 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:




N D Jaynes - Director


Little Monk Pictures Ltd (Registered number: 12278786)

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

1. STATUTORY INFORMATION

Little Monk Pictures Ltd 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.

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. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Turnover is recognised when, and to the extent that, the company obtains the right to consideration. The point of recognition is after the service has been performed, when the risk and rewards associated with the goods/services have been transferred or in accordance with contractual terms. Turnover excludes value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

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

Little Monk Pictures Ltd (Registered number: 12278786)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 23,289
Additions 873
At 31 October 2024 24,162
DEPRECIATION
At 1 November 2023 13,353
Charge for year 3,309
At 31 October 2024 16,662
NET BOOK VALUE
At 31 October 2024 7,500
At 31 October 2023 9,936

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 18,750 26,729
Other debtors 45,008 48,799
63,758 75,528

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 3,862 1,688
Taxation and social security 22,735 33,193
Other creditors 1,771 2
28,368 34,883

7. 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
£    £   
N D Jaynes
Balance outstanding at start of year 4,591 (1,035 )
Amounts advanced 28,500 14,691
Amounts repaid (33,815 ) (9,065 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (724 ) 4,591

No formal repayment terms have been agreed.