Company registration number: 14764921
Unaudited financial statements
for the year ended 31 March 2025
for
77 Films Ltd
Pages for filing with the Registrar
Company registration number: 14764921
77 Films Ltd
Balance sheet
as at 31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 46,121 25,400
46,121 25,400
Current assets
Debtors 19,853 16,437
Cash at bank and in hand 9,487 2,364
29,340 18,801
Creditors: amounts falling due within one
year
(14,732) (13,996)
Net current assets 14,608 4,805
Total assets less current liabilities 60,729 30,205
NET ASSETS 60,729 30,205
Capital and reserves
Called up share capital 100 100
Profit and loss account 60,629 30,105
TOTAL EQUITY 60,729 30,205
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 14764921
77 Films Ltd
Balance sheet - continued
as at 31 March 2025
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr J Trowsdale, Director
14 August 2025
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77 Films Ltd
Notes to the financial statements
for the year ended 31 March 2025
1 Company information
77 Films Ltd is a private company registered in England and Wales. Its registered number is 14764921. The company is limited by shares. Its registered office is 20 Benslow Lane, Hitchin, SG4 9RE.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Equipment:
Motor vehicles - 20% reducing balance
Computer equipment - 20% reducing balance
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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 Average number of employees
During the year the average number of employees was 1 (2024 - Nil).
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77 Films Ltd
Notes to the financial statements - continued
for the year ended 31 March 2025
4 Tangible fixed assets
Equipment
£
Cost
At 1 April 2024 31,750
Additions 26,516
At 31 March 2025 58,266
Depreciation
At 1 April 2024 6,350
Charge for year 5,795
At 31 March 2025 12,145
Net book value
At 31 March 2025 46,121
At 31 March 2024 25,400
If Plant & Equipment had not been revalued, Plant & Equipment would have been included at the following historical cost:
2025 2024
£ £
Cost 58,266 31,750
Accumulated depreciation 12,145 6,350
5 Advances, credit and guarantees granted to the director
The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024.
2025 2024
£ £
Jodie Trowsdale
Balance outstanding at start of year 743 19,705
Amounts advanced 60,167 44,487
Amounts repaid (60,623) (63,448)
Balance outstanding at end of year 288 743
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