First Light Films Limited - Filleted accounts

Registered number

11364433

First Light Films Limited

Filleted Accounts for the year ended

31 May 2026

First Light Films Limited
Registered number:		11364433
Balance Sheet
as at 31 May 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		124,081			153,680

Current assets
Debtors	4	46,120			43,140
Investments held as current assets	5	19,807			7,807
Cash at bank and in hand		485,755			207,665
		551,682			258,612

Creditors: amounts falling due within one year	6	(674,439)			(192,849)

Net current (liabilities)/assets			(122,757)			65,763

Net assets			1,324			219,443

Capital and reserves
Called up share capital			1			1
Profit and loss account			1,323			219,442

Shareholder's funds			1,324			219,443

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 member has 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.




A Ferguson-Derbyshire
Director
Approved by the board on 1 September 2026

First Light Films Limited
Notes to the Accounts
for the year ended 31 May 2026


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 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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	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:

	Motor vehicles			over 5 years
	Leasehold improvements			over 10 years
	Plant and machinery			over 5 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					2		1


3	Tangible fixed assets
		Leasehold improvements		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 June 2025	178,765		37,835		42,000		258,600
	Additions	-		1,816		-		1,816
	At 31 May 2026	178,765		39,651		42,000		260,416

	Depreciation
	At 1 June 2025	63,085		25,035		16,800		104,920
	Charge for the year	17,877		5,138		8,400		31,415
	At 31 May 2026	80,962		30,173		25,200		136,335

	Net book value
	At 31 May 2026	97,803		9,478		16,800		124,081
	At 31 May 2025	115,680		12,800		25,200		153,680


4	Debtors					2026		2025
£							£

	Trade debtors					45,772		35,640
	Other debtors					348		7,500
						46,120		43,140


5	Investments held as current assets					2026		2025
£							£
	Fair value
	Unlisted investments					19,807		7,807



6	Creditors: amounts falling due within one year					2026		2025
£							£

	Trade creditors					6,485		10,431
	Taxation and social security costs					51,468		113,953
	Other creditors and accruals					616,486		68,465
						674,439		192,849


7	Related party transactions

	During the year, the director A Ferguson-Derbyshire, who holds 100% of the issued share capital in the company, received dividends of £229,866 (2025 - £321,739).


8	Controlling party

	The ultimate controlling party is the director A Ferguson-Derbyshire who holds 100% of the issued share capital in the company.


9	Other information

	First Light Films Limited is a private company limited by shares and incorporated in England. Its registered office is:
	1 Church Cottages
	Wood Dalling
	Norwich
	Norfolk
	NR11 6SN