Tilt Films Limited - Filleted accounts

Registered number

SC408866

Tilt Films Limited

Filleted Accounts

For the year ended 31 October 2025

Tilt Films Limited
Registered number:		SC408866
Balance Sheet
as at 31 October 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		25,041			31,074

Current assets
Stocks		104,964			93,494
Cash at bank and in hand		44,694			67,824
		149,658			161,318

Creditors: amounts falling due within one year	4	(112,193)			(131,254)

Net current assets			37,465			30,064

Total assets less current liabilities			62,506			61,138

Provisions for liabilities			(741)			(937)

Net assets			61,765			60,201

Capital and reserves
Called up share capital			100			100
Profit and loss account			61,665			60,101

Shareholders' funds			61,765			60,201

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the board on 12 June 2026




S E Neave
Director

Tilt Films Limited
for the year ended 31 October 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover relates to fees receivable in the year and advances from third parties in respect of projects, exclusive of value added tax. In respect of long-term contracts and contracts for ongoing services, turnover represents the value of work carried out in the year, including estimates of amounts not invoiced. Turnover in respect of long term contracts and contracts for ongoing services is recognised by reference to the stage of completion.

	Advances
	The company receives advances from third parties to finance the development of specific projects. These advances are treated as current liabilities. The company takes these advances to the credit of the profit and loss account when the project is completed or abandoned.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold property	20% per annum on cost
	Fixtures, fittings and equipment	25% per annum on cost


	Stocks
	Stocks represent development expenditure carried forward as work in progress and written off when projects are completed or not expected to be persued within a reasonable time. Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any forseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			1		1


3	Tangible fixed assets
		Leasehold property		Fixtures fittings and equipment		Total
£			£		£
	Cost
	At 1 November 2024	30,933		4,390		35,323
	Additions	-		1,624		1,624
	Disposals	-		-		-
	At 31 October 2025	30,933		6,014		36,947

	Depreciation
	At 1 November 2024	3,609		640		4,249
	Charge for the year	6,187		1,470		7,657
	At 31 October 2025	9,796		2,110		11,906

	Net book value
	At 31 October 2025	21,137		3,904		25,041
	At 31 October 2024	27,324		3,750		31,074




4	Creditors: amounts falling due within one year			2025		2024
£					£

	Production advances			98,531		96,076
	Taxation and social security costs			1,813		20,581
	Other creditors			11,849		14,597
				112,193		131,254


5	Other information

	Tilt Films Limited is a private company limited by shares and incorporated in Scotland. Its registered office is International House, 38 Thistle Street, Edinburgh EH2 1EN.