Wavelength Films Limited iXBRL

Company Registration Number: 04407801

Wavelength Films Limited

Unaudited Financial Statements

for the financial year ended 31 March 2025

Wavelength Films Limited

Company Registration Number: 04407801

BALANCE SHEET

as at 31 March 2025

		2025	2024
	Notes	£	£

Fixed Assets

Intangible assets

3,767

3,023

Tangible assets

7,343

6,926

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Fixed Assets

11,110

9,949

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Current Assets

Debtors

805

828

Cash and cash equivalents

13,436

19,373

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14,241

20,201

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Creditors: amounts falling due within one year

(14,991)

(14,741)

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Net Current (Liabilities)/Assets

(750)

5,460

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Total Assets less Current Liabilities

10,360

15,409

═════════

Capital and Reserves

Called up share capital

100

100

Retained earnings

10,260

15,309

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Shareholders' Funds

10,360

15,409

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The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Board and authorised for issue on 12 December 2025 and signed on its behalf by




________________________________
Mr. P W McGrady
Director

Wavelength Films Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2025

General Information

Wavelength Films Limited is a company limited by shares incorporated in the United Kingdom. The registered office of the company is 36-38 King Street, King's Lynn, Norfolk, PE301ES, England and the principal place of business of the company is 17 Camberley Road, Norwich, Norfolk, NR4 6SJ, England. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the year ended 31 March 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover comprises the invoice value of services provided by the company, exclusive value added tax.

Work In Progress

Work in progress is valued in accordance with the industry standard on a basis consistent with that used in previous years

Intangible assets

Retained Rights

Retained Rights are valued by reference to the policies laid down in Tax Statute on a basis consistent with the industry standard and consistent with previous years.

Tangible assets and depreciation

Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:

Fixtures, fittings and equipment

15%/33% reducing balance

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Employee benefits

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been anacted or substantively enacted at the balance sheet date.

Employees

The average monthly number of employees, including directors, during the financial year was 3, (2024 - 3).

Intangible assets

Retained

Rights

Cost

At 1 April 2024

3,023

Additions

744

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At 31 March 2025

3,767

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Net book value

At 31 March 2025

3,767

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At 31 March 2024

3,023

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The retained rights arise from those productions on which the company holds all the rights of the owner of the original master version. The transfers to and from this intellectual property reserve are made in accordance with the policies laid down by Tax Statute.


5.	Tangible assets
		Fixtures,
		fittings and
		equipment
		£
	Cost
	At 1 April 2024	41,711
	Additions	3,444
	Disposals	(1,833)
		─────────
	At 31 March 2025	43,322
		─────────
	Depreciation
	At 1 April 2024	34,785
	Charge for the financial year	2,072
	On disposals	(878)
		─────────
	At 31 March 2025	35,979
		─────────
	Net book value
	At 31 March 2025	7,343
		═════════
	At 31 March 2024	6,926
		═════════


6.	Debtors	2025	2024
		£	£

	Taxation (Note 8)	617	528
	Prepayments and accrued income	188	300
		─────────	─────────
		805	828
		═════════	═════════


7.	Creditors	2025	2024
	Amounts falling due within one year	£	£

	Directors' current accounts	12,891	12,891
	Accruals	2,100	1,850
		─────────	─────────
		14,991	14,741
		═════════	═════════


8.	Taxation	2025	2024
		£	£

	Debtors:
	VAT	617	528
		═════════	═════════

Pension costs - defined contribution

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Pension costs amounted to £600 (2024 - £600)

10.

Controlling interest

The company is under the control of Mr. P W McGrady a director and majority shareholder.