REGISTERED NUMBER: SC567556 (Scotland)

Tom Duncan Film Ltd

Financial Statements For The Year Ended 30 June 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T Duncan

Mrs D Duncan

REGISTERED OFFICE:

4 North Guildry Street

Elgin

Moray

IV30 1JR

REGISTERED NUMBER:

SC567556 (Scotland)

ACCOUNTANTS:

The Long Partnership

4 North Guildry Street

Elgin

Moray

IV30 1JR

BANKERS:

Santander

74 High street

Elgin

Moray

IV30 1BJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

124,452

109,415

124,452

109,415

CURRENT ASSETS

Debtors

6

93,391

21,753

Cash at bank

95,499

127,180

188,890

148,933

CREDITORS

Amounts falling due within one year

7

72,842

68,409

NET CURRENT ASSETS

116,048

80,524

TOTAL ASSETS LESS CURRENT LIABILITIES

240,500

189,939

CREDITORS

Amounts falling due after more than one year

8

(17,724

)

(17,189

)

PROVISIONS FOR LIABILITIES

9

(15,369

)

(11,320

)

NET ASSETS

207,407

161,430

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

207,307

161,330

SHAREHOLDERS' FUNDS

207,407

161,430

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2025 and were signed on its behalf by:

Mr T Duncan - Director

1.	STATUTORY INFORMATION

Tom Duncan Film Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Equipment

-

33% on cost and 25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2024

and 30 June 2025

10,000

AMORTISATION

At 1 July 2024

and 30 June 2025

10,000

NET BOOK VALUE

At 30 June 2025

-

At 30 June 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

Equipment

fittings

£

£

£

COST

At 1 July 2024

68,597

62,420

18,441

Additions

-

31,105

486

At 30 June 2025

68,597

93,525

18,927

DEPRECIATION

At 1 July 2024

6,860

40,722

14,276

Charge for year

1,372

8,581

1,163

At 30 June 2025

8,232

49,303

15,439

NET BOOK VALUE

At 30 June 2025

60,365

44,222

3,488

At 30 June 2024

61,737

21,698

4,165

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 July 2024

15,995

20,181

185,634

Additions

-

2,483

34,074

At 30 June 2025

15,995

22,664

219,708

DEPRECIATION

At 1 July 2024

1,650

12,711

76,219

Charge for year

3,586

4,335

19,037

At 30 June 2025

5,236

17,046

95,256

NET BOOK VALUE

At 30 June 2025

10,759

5,618

124,452

At 30 June 2024

14,345

7,470

109,415

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

91,574

19,725

Other debtors

1,817

2,028

93,391

21,753

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans and overdrafts

3,991

3,844

Trade creditors

2,427

-

Taxation and social security

63,510

56,486

Other creditors

2,914

8,079

72,842

68,409

Bank loans and overdrafts are secured by a standard security and a floating charge over the company's assets.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans

-

4,156

Other creditors

17,724

13,033

17,724

17,189

9.	PROVISIONS FOR LIABILITIES

30.6.25

30.6.24

£

£

Deferred tax

15,369

11,320

Deferred

tax

£

Balance at 1 July 2024

11,320

Provided during year

4,049

Balance at 30 June 2025

15,369

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.25

30.6.24

value:

£

£

90

Ordinary

1

90

90

10

Ordinary A

1

10

10

100

100

11.

RESERVES

Retained

earnings

£

At 1 July 2024

161,330

Profit for the year

117,977

Dividends

(72,000

)

At 30 June 2025

207,307

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £72,000 (2024 - £81,000) were paid to the directors .

At 30 June 2024 the company owed the directors £667. During the year the directors paid expenses on behalf of the company totalling £376. At 30 June 2025 the company owed the directors £291. This loan is interest free and has no terms of fixed payment.