Film Scan UK Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09437763

Film Scan UK Limited

Filleted Unaudited Financial Statements

For the year ended

28 February 2025

Film Scan UK Limited

Statement of Financial Position

28 February 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	6		5,574		5,337

Current assets

Debtors	7	6,975	681
Cash at bank and in hand		5,531	5,363
		--------	-------
		12,506	6,044

Creditors: amounts falling due within one year	8	9,826		6,621
		--------		-------
Net current assets/(liabilities)			2,680		( 577)
			-------		-------
Total assets less current liabilities			8,254		4,760

Provisions	932	1,014
	-------	-------
Net assets	7,322	3,746
	-------	-------

Film Scan UK Limited

Statement of Financial Position (continued)

28 February 2025

	2025		2024
Note	£	£	£	£

Capital and reserves

Called up share capital	11	11
Profit and loss account	7,311	3,735
	-------	-------
Shareholders funds	7,322	3,746
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 23 July 2025 , and are signed on behalf of the board by:

A J Stamford
Director

Company registration number: 09437763

Film Scan UK Limited

Notes to the Financial Statements

Year ended 28 February 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 33 Teil Green, Fulwood, Preston, Lancashire, PR2 9PA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

Revenue recognition

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	20% reducing balance
Equipment	-	33% reducing balance

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Tax on profit

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	7,153	4,605

Deferred tax:

Origination and reversal of timing differences	( 82)	( 4)
	-------	-------
Tax on profit	7,071	4,601
	-------	-------

6. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 March 2024	2,609	21,383	23,992
Additions	270	1,917	2,187
	-------	--------	--------
At 28 February 2025	2,879	23,300	26,179
	-------	--------	--------
Depreciation
At 1 March 2024	2,091	16,564	18,655
Charge for the year	121	1,829	1,950
	-------	--------	--------
At 28 February 2025	2,212	18,393	20,605
	-------	--------	--------
Carrying amount
At 28 February 2025	667	4,907	5,574
	-------	--------	--------
At 29 February 2024	518	4,819	5,337
	-------	--------	--------

7. Debtors

	2025	2024
	£	£
Trade debtors	6,975	–
Prepayments and accrued income	–	681
	-------	----
	6,975	681
	-------	----

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Accruals and deferred income	1,450	1,401
Corporation tax	7,153	4,605
Director loan accounts	1,223	615
	-------	-------
	9,826	6,621
	-------	-------

9. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions	932	1,014
	----	-------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	932	1,014
	----	-------

10. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	–	3,635
Later than 1 year and not later than 5 years	27,441	–
	--------	-------
	27,441	3,635
	--------	-------

11. Director's advances, credits and guarantees

As at 28 February 2025, the company owed the director £1,223 (2024: £615) in respect of the balance on his director's loan account. This loan is interest free and is repayable to the director on demand.