Company Registration No. 07887138 (England and Wales)
Moviemania Limited
Unaudited accounts
for the year ended 31 March 2021
Moviemania Limited
Unaudited accounts
Contents
Moviemania Limited
Company Information
for the year ended 31 March 2021
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 2021
Intangible assets
1,667
3,667
Tangible assets
17,488
2,300
Inventories
127,350
64,170
Cash at bank and in hand
4,524
4,370
Creditors: amounts falling due within one year
(93,051)
(69,728)
Net current assets
50,261
6,332
Total assets less current liabilities
69,416
12,299
Creditors: amounts falling due after more than one year
(40,000)
-
Called up share capital
10
10
Profit and loss account
29,406
12,289
Shareholders' funds
29,416
12,299
For the year ending 31 March 2021 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 10 December 2021 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 2021
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 2021
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
2,000
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 2020
-
15,688
-
13,221
28,909
Additions
901
-
18,809
-
19,710
At 31 March 2021
901
15,688
18,809
13,221
48,619
At 1 April 2020
-
14,318
-
12,291
26,609
Charge for the year
-
452
3,762
308
4,522
At 31 March 2021
-
14,770
3,762
12,599
31,131
At 31 March 2021
901
918
15,047
622
17,488
At 31 March 2020
-
1,370
-
930
2,300
6
Debtors: amounts falling due within one year
2021
2020
Other debtors
11,438
6,218
Moviemania Limited
Notes to the Accounts
for the year ended 31 March 2021
7
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
10,000
-
Trade creditors
36,765
32,246
Taxes and social security
13,334
8,681
Other creditors
3,622
5,571
Loans from directors
29,330
23,230
8
Creditors: amounts falling due after more than one year
2021
2020
9
Average number of employees
During the year the average number of employees was 1 (2020: 3).