REGISTERED NUMBER: 06787317 (England and Wales)

REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

FOR

DRIFTWOOD PICTURES LTD

Page

Company Information

1

Report of the Director

2

Abridged Statement of Income and Retained Earnings

3

Abridged Balance Sheet

4

Notes to the Financial Statements

6

DIRECTOR:

Y Gal

REGISTERED OFFICE:

157 Maryland Rd

London

N22 5AS

REGISTERED NUMBER:

06787317 (England and Wales)

ACCOUNTANTS:

TC Group

Park House

200 Drake Street

Rochdale

Lancashire

OL16 1PJ

The director presents his report with the financial statements of the company for the year ended 31 January 2026.

DIRECTOR

Y Gal held office during the whole of the period from 1 February 2025 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Y Gal - Director

23 October 2026

GROSS PROFIT

41,195

44,673

Administrative expenses

33,779

30,821

OPERATING PROFIT and

PROFIT BEFORE TAXATION

7,416

13,852

Tax on profit

1,409

2,632

PROFIT FOR THE FINANCIAL YEAR

6,007

11,220

Retained earnings at beginning of year

6,255

6,535

Dividends

(6,570

)

(11,500

)

RETAINED EARNINGS AT END OF YEAR

5,692

6,255

FIXED ASSETS

Tangible assets

5

22,608

18,161

CURRENT ASSETS

Stocks

45,083

45,083

Debtors

2,000

-

Cash at bank

6,925

6,449

54,008

51,532

CREDITORS

Amounts falling due within one year

21,445

14,804

NET CURRENT ASSETS

32,563

36,728

TOTAL ASSETS LESS CURRENT LIABILITIES

55,171

54,889

CREDITORS

Amounts falling due after more than one year

(45,083

)

(45,083

)

PROVISIONS FOR LIABILITIES

(4,296

)

(3,451

)

NET ASSETS

5,792

6,355

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

5,692

6,255

5,792

6,355

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 January 2026 in accordance with Section 444(2A) of the Companies Act 2006.

The financial statements were approved by the director and authorised for issue on 23 October 2026 and were signed by:

Y Gal - Director

1.	STATUTORY INFORMATION

Driftwood Pictures Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

2026

2025

£

£

Depreciation - owned assets

7,537

6,053

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2025

37,559

Additions

12,712

Disposals

(1,542

)

At 31 January 2026

48,729

DEPRECIATION

At 1 February 2025

19,398

Charge for year

7,537

Eliminated on disposal

(814

)

At 31 January 2026

26,121

NET BOOK VALUE

At 31 January 2026

22,608

At 31 January 2025

18,161