Company Registration No. 09581107 (England and Wales)
WISLOCKI FILMS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2019
PAGES FOR FILING WITH REGISTRAR
WISLOCKI FILMS LTD
COMPANY INFORMATION
Director
V Wislocki
Company number
09581107
Registered office
18 Elm Street
Esher
Surrey
KT10 8JG
Accountants
Auria Accountancy Limited
4 Wimpole Street
London
W1G 9SH
WISLOCKI FILMS LTD
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2
WISLOCKI FILMS LTD
STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2019
31 May 2019
- 1 -
2019
2018
Notes
£
£
£
£
Current assets
Debtors
2
-
14,213
Cash at bank and in hand
4,010
7,279
4,010
21,492
Creditors: amounts falling due within one year
3
(25,950)
(48,100)
Net current liabilities
(21,940)
(26,608)
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
(22,940)
(27,608)
Total equity
(21,940)
(26,608)
The director of the company has elected not to include a copy of the income statement within the financial statements.
true
For the financial year ended 31 May 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 11 February 2020
V Wislocki
Director
Company Registration No. 09581107
WISLOCKI FILMS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2019
- 2 -
1
Accounting policies
Company information
Wislocki Films Ltd is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
18 Elm Street, Esher, Surrey, KT10 8JG.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business
, and
is shown net of VAT and other sales related taxes
.
The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Debtors
2019
2018
Amounts falling due within one year:
£
£
Corporation tax recoverable
-
14,213
3
Creditors: amounts falling due within one year
2019
2018
£
£
Trade creditors
-
3,000
Other creditors
25,950
45,100
25,950
48,100