Company Registration No. 04740674 (England and Wales)
1185 Films Limited
Unaudited accounts
for the year ended 30 April 2022
1185 Films Limited
Unaudited accounts
Contents
1185 Films Limited
Company Information
for the year ended 30 April 2022
Director
Nicola Rosario Franco
Company Number
04740674 (England and Wales)
Registered Office
3-4 Kirby Street
London
EC1N 8TS
Accountants
OD Accountants Ltd
The Brew Eagle House
1st fl,163 City Road
London
EC1V 1NR
1185 Films Limited
Statement of financial position
as at
30 April 2022
Tangible assets
142,261
5,565
Cash at bank and in hand
2,896
7,538
Creditors: amounts falling due within one year
(256,385)
(83,578)
Net current liabilities
(201,794)
(47,548)
Total assets less current liabilities
(59,533)
(41,983)
Creditors: amounts falling due after more than one year
(265,035)
(275,042)
Net liabilities
(324,568)
(317,025)
Called up share capital
1
1
Profit and loss account
(324,569)
(317,026)
Shareholders' funds
(324,568)
(317,025)
For the year ending 30 April 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 September 2022 and were signed on its behalf by
Nicola Rosario Franco
Director
Company Registration No. 04740674
1185 Films Limited
Notes to the Accounts
for the year ended 30 April 2022
1185 Films Limited is a private company, limited by shares, registered in England and Wales, registration number 04740674. The registered office is 3-4 Kirby Street, London, EC1N 8TS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straightline
Fixtures & fittings
20% Reducing balance
Computer equipment
20% Straightline
The director have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 May 2021
-
2,730
17,859
36,946
57,535
Additions
145,082
2,048
-
3,912
151,042
At 30 April 2022
145,082
4,778
17,859
40,858
208,577
At 1 May 2021
-
1,295
14,396
36,279
51,970
Charge for the year
12,090
921
693
642
14,346
At 30 April 2022
12,090
2,216
15,089
36,921
66,316
At 30 April 2022
132,992
2,562
2,770
3,937
142,261
At 30 April 2021
-
1,435
3,463
667
5,565
1185 Films Limited
Notes to the Accounts
for the year ended 30 April 2022
Amounts falling due within one year
Trade debtors
40,323
26,471
Accrued income and prepayments
-
2,021
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
9,183
-
Trade creditors
22,710
4,600
Taxes and social security
12,304
1,677
Other creditors
201,448
59,474
Loans from directors
-
3,283
7
Creditors: amounts falling due after more than one year
2022
2021
Other creditors
156,500
147,112
Loans from directors
67,195
77,930
8
Average number of employees
During the year the average number of employees was 1 (2021: 1).