Registration number:
Metal Plate Pictures Limited
for the Period from 29 February 2024 to 28 February 2025
Metal Plate Pictures Limited
Contents
|
Company Information |
|
|
Balance Sheet |
|
|
Notes to the Unaudited Financial Statements |
Metal Plate Pictures Limited
Company Information
|
Director |
Mr TR Graham |
|
Registered office |
|
Metal Plate Pictures Limited
(Registration number: 11227275)
Balance Sheet as at 28 February 2025
|
Note |
2025 |
2024 |
|
|
Fixed assets |
|||
|
Tangible assets |
|
|
|
|
|
|
||
|
Current assets |
|||
|
Debtors |
|
|
|
|
Cash at bank and in hand |
|
|
|
|
|
|
||
|
Creditors: Amounts falling due within one year |
( |
( |
|
|
Net current liabilities |
( |
( |
|
|
Net liabilities |
( |
( |
|
|
Capital and reserves |
|||
|
Called up share capital |
1 |
1 |
|
|
Retained earnings |
(40,062) |
(39,299) |
|
|
Shareholders' deficit |
(40,061) |
(39,298) |
For the financial period ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
|
• |
|
|
• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
|
......................................... |
Metal Plate Pictures Limited
Notes to the Unaudited Financial Statements for the Period from 29 February 2024 to 28 February 2025
|
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
|
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
At the balance sheet date, the company’s net current liabilities exceeded its net current assets. The company has received assurance from the director that they will continue to give financial support to the company for twelve months from the date of signing these financial statements.
On this basis, the director considers it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company’s accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise. The accounts do not include any adjustment to the company’s assets or liabilities that might be necessary should this basis not continue to be appropriate.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Metal Plate Pictures Limited
Notes to the Unaudited Financial Statements for the Period from 29 February 2024 to 28 February 2025
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
|
Asset class |
Depreciation method and rate |
|
Plant and machinery |
25% reducing balance |
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
|
Asset class |
Amortisation method and rate |
|
Other intangible assets |
over 2 years |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Metal Plate Pictures Limited
Notes to the Unaudited Financial Statements for the Period from 29 February 2024 to 28 February 2025
|
Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
Metal Plate Pictures Limited
Notes to the Unaudited Financial Statements for the Period from 29 February 2024 to 28 February 2025
|
Intangible assets |
|
Other intangible assets |
Total |
|
|
Cost or valuation |
||
|
At 29 February 2024 |
|
|
|
At 28 February 2025 |
|
|
|
Amortisation |
||
|
At 29 February 2024 |
|
|
|
At 28 February 2025 |
|
|
|
Carrying amount |
||
|
At 28 February 2025 |
- |
- |
|
Tangible assets |
|
Other tangible assets |
Total |
|
|
Cost or valuation |
||
|
At 29 February 2024 |
|
|
|
At 28 February 2025 |
|
|
|
Depreciation |
||
|
At 29 February 2024 |
|
|
|
Charge for the period |
|
|
|
At 28 February 2025 |
|
|
|
Carrying amount |
||
|
At 28 February 2025 |
|
|
|
At 28 February 2024 |
|
|
|
Debtors |
|
2025 |
2024 |
|
|
Prepayments |
|
|
|
|
|
Metal Plate Pictures Limited
Notes to the Unaudited Financial Statements for the Period from 29 February 2024 to 28 February 2025
|
Creditors |
Creditors: amounts falling due within one year
|
2025 |
2024 |
|
|
Due within one year |
||
|
Accruals and deferred income |
|
|
|
Other creditors |
|
|
|
|
|