Company Registration No. 07887138 (England and Wales)
Moviemania Limited
Unaudited accounts
for the year ended 31 March 2022
Moviemania Limited
Unaudited accounts
Contents
Moviemania Limited
Company Information
for the year ended 31 March 2022
Directors
Otis Pestano
Heidi Spruhan
Company Number
07887138 (England and Wales)
Registered Office
24 Ockenden Road
Littlehampton
West Sussex
BN17 7FH
Moviemania Limited
Statement of financial position
as at
31 March 2022
Intangible assets
-
1,667
Tangible assets
14,783
17,488
Inventories
112,000
127,350
Cash at bank and in hand
5,277
4,524
Creditors: amounts falling due within one year
(107,395)
(93,051)
Net current assets
20,548
50,261
Total assets less current liabilities
35,331
69,416
Creditors: amounts falling due after more than one year
(30,000)
(40,000)
Called up share capital
10
10
Profit and loss account
5,321
29,406
Shareholders' funds
5,331
29,416
For the year ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 31 December 2022 and were signed on its behalf by
Otis Pestano
Director
Company Registration No. 07887138
Moviemania Limited
Notes to the Accounts
for the year ended 31 March 2022
Moviemania Limited is a private company, limited by shares, registered in England and Wales, registration number 07887138. The registered office is 24 Ockenden Road, Littlehampton, West Sussex, BN17 7FH.
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.
Revenue, described as turnover is the value of service and goods, net of VAT and discounts, provided to customers during the year.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33.3% per annum reducing balance
Fixtures & fittings
33.3% per annum reducing balance
Other tangible fixed assets
33.3% per annum straight line
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving
Rentals applicable to operating leases where substantially all of the benefits of risk of ownership remain with the lessor are charged to the profit and loss account as incurred.
Goodwill is amortised on a straight line basis over its estimated useful economic life of 10 years.
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.
Financial instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.
Moviemania Limited
Notes to the Accounts
for the year ended 31 March 2022
Government grants are recognised under the accrual model meaning that grants relating to revenue shall be recognised in income, on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.
4
Intangible fixed assets
Goodwill
Charge for the year
1,667
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2021
901
15,688
18,809
13,221
48,619
Additions
2,305
-
-
-
2,305
At 31 March 2022
3,206
15,688
18,809
13,221
50,924
At 1 April 2021
-
14,770
3,762
12,599
31,131
Charge for the year
321
303
3,762
624
5,010
At 31 March 2022
321
15,073
7,524
13,223
36,141
At 31 March 2022
2,885
615
11,285
(2)
14,783
At 31 March 2021
901
918
15,047
622
17,488
Amounts falling due within one year
Other debtors
10,666
11,438
Moviemania Limited
Notes to the Accounts
for the year ended 31 March 2022
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
12,161
10,000
Trade creditors
41,347
36,765
Taxes and social security
19,907
13,334
Other creditors
2,033
3,622
Loans from directors
31,947
29,330
8
Creditors: amounts falling due after more than one year
2022
2021
9
Average number of employees
During the year the average number of employees was 2 (2021: 1).