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Spinning Head Films Limited

Financial Statements for the Year Ended 30 September 2024






Spinning Head Films Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: W Price
G E M Price





SECRETARY: G E M Price





REGISTERED OFFICE: Yr Hen Llythyrdy
Mynachlogddu
Clynderwen
SA66 7SD





REGISTERED NUMBER: 05379076 (England and Wales)





1
Spinning Head Films Limited (Registered number: 05379076)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 11,034 11,362

CURRENT ASSETS
Debtors 4 19,726 19,619
Cash at bank 4 331
19,730 19,950
CREDITORS
Amounts falling due within one year 5 127,621 123,553
NET CURRENT LIABILITIES (107,891 ) (103,603 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(96,857
)
(92,241
)

CREDITORS
Amounts falling due after more than
one year
6
6,205
7,053
NET LIABILITIES (103,062 ) (99,294 )

CAPITAL AND RESERVES
Called up share capital 95 95
Capital redemption reserve 5 5
Retained earnings (103,162 ) (99,394 )
SHAREHOLDERS' FUNDS (103,062 ) (99,294 )

The notes form part of these financial statements

2
Spinning Head Films Limited (Registered number: 05379076)

Balance Sheet - continued
30 September 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:





W Price - Director


The notes form part of these financial statements

3
Spinning Head Films Limited (Registered number: 05379076)

Notes to the Financial Statements
for the Year Ended 30 September 2024


1. 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.

Turnover
Turnover represents the invoiced value of goods and services supplied by the company in relation to film production, net of value added tax.

Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% reducing balance

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

3. TANGIBLE FIXED ASSETS
Film
Plant and production
machinery costs Totals
£    £    £   
COST
At 1 October 2023 15,137 9,198 24,335
Additions 296 - 296
At 30 September 2024 15,433 9,198 24,631
DEPRECIATION
At 1 October 2023 12,973 - 12,973
Charge for year 624 - 624
At 30 September 2024 13,597 - 13,597
NET BOOK VALUE
At 30 September 2024 1,836 9,198 11,034
At 30 September 2023 2,164 9,198 11,362

The film production costs relate to the film "Playing Burton". The costs will be released to the profit and loss account on a pound for pound basis in line with future sales relating to the film production.

4
Spinning Head Films Limited (Registered number: 05379076)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors & prepayments 19,726 19,619

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,684 3,684
Trade creditors 19 15
Taxes & social security costs 63,883 63,574
Other creditors & accruals 60,035 56,280
127,621 123,553

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 6,205 7,053

5