Company Registration No. 04853713 (England and Wales)
INITIALIZE FILMS LTD
Unaudited accounts
for the period from 1 September 2024 to 31 May 2025
INITIALIZE FILMS LTD
Unaudited accounts
Contents
INITIALIZE FILMS LTD
Statement of financial position
as at 31 May 2025
Cash at bank and in hand
473
171
Creditors: amounts falling due within one year
(46,155)
(82,855)
Net current liabilities
(24,388)
(41,954)
Total assets less current liabilities
(24,388)
(41,954)
Creditors: amounts falling due after more than one year
(2,940)
-
Net liabilities
(27,328)
(41,954)
Called up share capital
1
1
Profit and loss account
(27,329)
(41,955)
Shareholders' funds
(27,328)
(41,954)
For the period ending 31 May 2025 the company was entitled to exemption from audit 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 September 2025 and were signed on its behalf by
Ian Davies
Director
Company Registration No. 04853713
INITIALIZE FILMS LTD
Notes to the Accounts
for the period from 1 September 2024 to 31 May 2025
INITIALIZE FILMS LTD is a private company, limited by shares, registered in England and Wales, registration number 04853713. The registered office is 3 CHARTWELL DRIVE, CHARLBURY, CHIPPING NORTON, OXFORDSHIRE, OX7 3RH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Fixtures & fittings
INITIALIZE FILMS LTD
Notes to the Accounts
for the period from 1 September 2024 to 31 May 2025
Amounts falling due within one year
Other debtors
18,539
2,537
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
10,448
-
Trade creditors
8,857
47,400
Other creditors
19,451
31,650
Loans from directors
2,860
1,910
7
Creditors: amounts falling due after more than one year
2025
2024
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
As at the balance sheet date, the company owes a sum of £2,860 (2024: £1,910) to the directors. The amount in interest free, unsecured, and repayable on demand.
10
Average number of employees
During the period the average number of employees was 1 (2024: 1).