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Registered number: 05277428
Early Day Films Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Cooper Associates Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05277428
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 114
Investments 5 46,081 46,081
46,081 46,195
CURRENT ASSETS
Stocks 6 14,148 14,148
Debtors 7 224 670
Cash at bank and in hand 9,901 10,906
24,273 25,724
Creditors: Amounts Falling Due Within One Year 8 (75,007 ) (73,006 )
NET CURRENT ASSETS (LIABILITIES) (50,734 ) (47,282 )
TOTAL ASSETS LESS CURRENT LIABILITIES (4,653 ) (1,087 )
NET LIABILITIES (4,653 ) (1,087 )
CAPITAL AND RESERVES
Called up share capital 9 94 89
Share premium account 62,036 46,991
Profit and Loss Account (66,783 ) (48,167 )
SHAREHOLDERS' FUNDS (4,653) (1,087)
Page 1
Page 2
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms K Byers
Director
Ms L Waite
Director
24th July 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
Early Day Films Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05277428 . The registered office is 40 St James Buildings, St James Street, Taunton, Somerset, TA1 1JR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
Notwithstanding the net cuirrent liability position of the company, the directors are happy that the company continues to operate as a going concern. 
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 33% Reducing Balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Financial Instruments
The company holds the following financial instruments:
  • Short term trade and other debtors and creditors;
  • Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecgonised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled.
Such instruments are initially measured at transaction price, including transaction costs and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
2.7. Prior Year Adjustment
It was identified that investments in a subsidiary company were incorrectly classified as a capital redemption reserve in the prior year accounts. As a result, £46,081 of invesment costs have now been renalysed to investments in both the prior and current period. 
It was also identified that share premium totalling £46,991 had been incorrectly classified as share capital in the prior year accounts which have now been restated. 
There has been no impact on the profit and loss of the company. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 December 2023 1,722
As at 30 November 2024 1,722
Depreciation
As at 1 December 2023 1,608
Provided during the period 114
As at 30 November 2024 1,722
...CONTINUED
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Net Book Value
As at 30 November 2024 -
As at 1 December 2023 114
5. Investments
Unlisted
£
Cost
As at 1 December 2023 46,081
As at 30 November 2024 46,081
Provision
As at 1 December 2023 -
As at 30 November 2024 -
Net Book Value
As at 30 November 2024 46,081
As at 1 December 2023 46,081
6. Stocks
2024 2023
as restated
£ £
Stock 14,148 14,148
7. Debtors
2024 2023
as restated
£ £
Due within one year
Prepayments and accrued income - 420
VAT 224 250
224 670
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Trade creditors 161 394
Accruals and deferred income 900 890
Directors' loan accounts 11,377 11,050
Amounts owed to group undertakings 62,569 60,672
75,007 73,006
9. Share Capital
2024 2023
as restated
£ £
Allotted, Called up and fully paid 94 89
During the year 470 x 0.01p shares were allotted for an aggregate consideration of £15,000. 
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