General Information
ASPIRATION FILMS (TELSTAR) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06242942, registration address Manor Lodge, Canterbury Road, Elham, Canterbury, CT4 6UG.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
|
| 2. |
Average number of employees
Average number of employees during the year was 0 (2023 : 0).
|
| 3. |
Intangible fixed assets
| Cost |
Other |
|
Total |
| |
£ |
|
£ |
| At 01 January 2024 |
1 |
|
1 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 31 December 2024 |
1 |
|
1 |
| Net book values |
| At 31 December 2024 |
1 |
|
1 |
| At 31 December 2023 |
1 |
|
1 |
|
| 4. |
Investments
| Cost |
Other investments other than loans |
|
Total |
| |
£ |
|
£ |
| At 01 January 2024 |
8 |
|
8 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 31 December 2024 |
8 |
|
8 |
|
| 5. |
Debtors: amounts falling due within one year
|
2024
£ |
|
2023
£ |
| Other Debtors |
0 |
|
92,563 |
|
0 |
|
92,563 |
|
| 5. |
Debtors: amounts falling due after one year
|
2024
£ |
|
2023
£ |
| Other Debtors |
298,473 |
|
188,421 |
|
298,473 |
|
188,421 |
|
| 6. |
Creditors: amount falling due within one year
|
2024
£ |
|
2023
£ |
| Other Creditors |
1 |
|
0 |
|
1 |
|
0 |
|
| 7. |
Creditors: amount falling due after more than one year
|
2024
£ |
|
2023
£ |
| Other Creditors |
1,609,126 |
|
1,604,876 |
|
1,609,126 |
|
1,604,876 |
|
| 8. |
Prior Year Adjustment
The financial statements for the year ended 31 December 2023 have been restated to correct
an under provision of the share of the tax sheltered owing by a subsidiary.
| Changes to the Balance Sheet |
|
As previously reported 31 Dec 2023
£ |
|
Adjustment 1 Jan 2023
£ |
|
Adjustment 31 Dec 23
£ |
|
Restated 31 Dec 2023
£ |
| Other debtors |
|
188,421 |
|
78,236 |
|
14,327 |
|
280,984 |
| Reserves: Profit and Loss Account |
|
(1,416,046) |
|
78,236 |
|
14,327 |
|
(1,323,483) |
|
| 9. |
Prior Year Adjustment
| Changes to Profit & Loss Account |
|
As previously reported
£ |
|
Adjustment
£ |
|
Restated
£ |
| Taxation |
|
- |
|
(14,237) |
|
(14,237) |
| Profit for the financial period |
|
12,322 |
|
14,327 |
|
26,649 |
|
2
|