Low Angle Films Limited


Director	Joel Honeywell


Registered Address	1 Cape Road
	St. Albans
	AL1 5DJ


Registered Number	09921636 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		209,326		239,379
			209,326		239,379
Current assets
Debtors	4	17,153		24,774
Cash at bank and on hand		3,602		100
		20,755		24,874
Creditors amounts falling due within one year	5	(78,115)		(107,637)
Net current assets (liabilities)			(57,360)		(82,763)
Total assets less current liabilities			151,966		156,616
Creditors amounts falling due after one year	6		(31,319)		(21,624)
Provisions for liabilities	8		(52,332)		(60,448)
Net assets			68,315		74,544
Capital and reserves
Called up share capital			100		100
Profit and loss account			68,215		74,444
Shareholders' funds			68,315		74,544

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 11 September 2025, and are signed on its behalf by:

Joel Honeywell
Director
Registered Company No. 09921636

Low Angle Films Limited

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	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.

Revenue from sale of goods

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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	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.

Deferred tax

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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Office Equipment	25

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	1		1

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 January 24	505,190	505,190
Additions	58,372	58,372
At 31 December 24	563,562	563,562
Depreciation and impairment
At 01 January 24	265,811	265,811
Charge for year	88,425	88,425
At 31 December 24	354,236	354,236
Net book value
At 31 December 24	209,326	209,326
At 31 December 23	239,379	239,379

4.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	15,777	23,689
Other debtors	1,084	1,085
Prepayments and accrued income	292	-
Total	17,153	24,774

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	17,233	42,950
Bank borrowings and overdrafts	9,339	4,348
Taxation and social security	20,635	26,103
Finance lease and HP contracts	18,355	27,979
Other creditors	10,202	3,996
Accrued liabilities and deferred income	2,351	2,261
Total	78,115	107,637


	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.

6.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	8,682	17,217
Other creditors	22,637	4,407
Total	31,319	21,624

7.	Obligations under finance leases

		2024		2023
		£		£
	Finance lease and HP contracts	40,993		32,386

8.	Provisions for liabilities

	2024	2023
	£	£
Net deferred tax liability (asset)	52,332	60,448
Total	52,332	60,448