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Registered number: 06036110
Primelight Films Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 06036110
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 138 1,116
Tangible Assets 5 44,166 47,033
44,304 48,149
CURRENT ASSETS
Stocks 9,498 12,384
Debtors 6 32,188 17,986
Cash at bank and in hand 32,799 73,942
74,485 104,312
Creditors: Amounts Falling Due Within One Year 7 (12,842 ) (22,312 )
NET CURRENT ASSETS (LIABILITIES) 61,643 82,000
TOTAL ASSETS LESS CURRENT LIABILITIES 105,947 130,149
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,463 ) (5,821 )
NET ASSETS 100,484 124,328
CAPITAL AND RESERVES
Called up share capital 8 1 1
Income Statement 100,483 124,327
SHAREHOLDERS' FUNDS 100,484 124,328
Page 1
Page 2
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Steven Lord
Director
12 May 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Primelight Films Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06036110 . The registered office is The Octagon, Wells Road, Ilkley, West Yorkshire, LS29 9JB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
When preparing the financial statements, the directors have made an assessment of the company's ability to continue as a going concern. The company is considered a going concern as the directors have no intention to liquidate the company or to cease trading. In assessing whether the going concern asumption is appropriate, the directors have taken into account all available information about the future, which is at least, but is not limited to, twelve months from the date when the financial statements are authorised for issue.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets relate to website design and development, and are measured at cost less accumulated amortisation. Amortisation is charged to the income statement over the assets' estimated economic life of 3 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 15% on reducing balance
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
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2.7. Taxation - continued
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Intangible Assets
Other
£
Cost
As at 1 January 2025 3,767
As at 31 December 2025 3,767
Amortisation
As at 1 January 2025 2,651
Provided during the period 978
As at 31 December 2025 3,629
Net Book Value
As at 31 December 2025 138
As at 1 January 2025 1,116
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2025 21,940 84,324 106,264
Additions - 7,006 7,006
Disposals - (5,279 ) (5,279 )
As at 31 December 2025 21,940 86,051 107,991
Depreciation
As at 1 January 2025 13,178 46,053 59,231
Provided during the period 2,190 6,047 8,237
Disposals - (3,643 ) (3,643 )
As at 31 December 2025 15,368 48,457 63,825
Net Book Value
As at 31 December 2025 6,572 37,594 44,166
As at 1 January 2025 8,762 38,271 47,033
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Page 5
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 20,192 13,763
Other debtors 11,996 4,223
32,188 17,986
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1,383 2,494
Bank loans and overdrafts 46 -
Other creditors 848 2,849
Taxation and social security 10,565 16,969
12,842 22,312
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
Director 1
At start of period - £0
Amounts advanced - £9,746
Amounts repaid - (£0)
At end of period - £9,746
The above loan is unsecured, interest free and repayable on demand.
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