General Information
OBSTACLE FILMS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08233545, registration address 72-73 Margaret Street, London, W1W 8ST.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Fixtures and Fittings |
25% Straight Line
|
| Plant and Machinery |
25% Straight Line
|
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
|
| 2. |
Average number of employees
Average number of employees during the year was 2 (2025 : 2).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Fixtures and Fittings |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 April 2025 |
3,501 |
|
2,202 |
|
5,703 |
| Additions |
- |
|
- |
|
- |
| Disposals |
- |
|
- |
|
- |
| At 31 March 2026 |
3,501 |
|
2,202 |
|
5,703 |
| Depreciation |
| At 01 April 2025 |
3,501 |
|
2,202 |
|
5,703 |
| Charge for year |
- |
|
- |
|
- |
| On disposals |
- |
|
- |
|
- |
| At 31 March 2026 |
3,501 |
|
2,202 |
|
5,703 |
| Net book values |
| Closing balance as at 31 March 2026 |
- |
|
- |
|
- |
| Opening balance as at 01 April 2025 |
278 |
|
(18) |
|
260 |
|
| 4. |
Debtors: amounts falling due within one year
|
2026
£ |
|
2025
£ |
| Trade Debtors |
0 |
|
31,129 |
| VAT |
816 |
|
3,147 |
|
816 |
|
34,276 |
|
| 5. |
Creditors: amount falling due within one year
|
2026
£ |
|
2025
£ |
| Trade Creditors |
0 |
|
840 |
| Loan |
0 |
|
(50,000) |
| Corporation Tax |
15,755 |
|
17,028 |
| PAYE & Social Security |
2,191 |
|
1,375 |
| Deferred Income |
90,000 |
|
70,000 |
| Other Creditors |
1 |
|
1 |
| Credit Card |
992 |
|
741 |
| Pension Payable |
168 |
|
0 |
| Directors' Current Accounts |
29 |
|
564 |
|
109,136 |
|
40,549 |
|
2
|