Company Registration No. 07664368 (England and Wales)
North House Films Ltd.
Unaudited accounts
for the year ended 30 June 2019
North House Films Ltd.
Unaudited accounts
Contents
North House Films Ltd.
Company Information
for the year ended 30 June 2019
Director
Thomas Charles Marshall Bairstow
Company Number
07664368 (England and Wales)
Registered Office
UNIT 312, THE PRINT ROOMS
164-180 UNION STREET
LONDON
SE1 0LH
ENGLAND
North House Films Ltd.
Statement of financial position
as at
30 June 2019
Tangible assets
21,692
16,314
Cash at bank and in hand
153,810
113,937
Creditors: amounts falling due within one year
(103,913)
(34,190)
Net current assets
72,497
82,048
Total assets less current liabilities
94,189
98,362
Creditors: amounts falling due after more than one year
(7,147)
(4,244)
Called up share capital
2
2
Profit and loss account
87,040
94,116
Shareholders' funds
87,042
94,118
For the year ending 30 June 2019 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.
Approved by the Board on 30 March 2020.
Thomas Charles Marshall Bairstow
Director
Company Registration No. 07664368
North House Films Ltd.
Notes to the Accounts
for the year ended 30 June 2019
North House Films Ltd. is a private company, limited by shares, registered in England and Wales, registration number 07664368. The registered office is UNIT 312, THE PRINT ROOMS, 164-180 UNION STREET, LONDON, SE1 0LH, ENGLAND.
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.
These financial statements for the year ended 30 June 2019 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 July 2017.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
25% on cost
Motor vehicles
20% on cost
Computer equipment
33% on cost
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
North House Films Ltd.
Notes to the Accounts
for the year ended 30 June 2019
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2018
10,844
7,606
14,959
33,409
Additions
1,428
-
20,745
22,173
Revaluations
-
(1,268)
-
(1,268)
At 30 June 2019
12,272
6,338
35,704
54,314
At 1 July 2018
3,305
5,780
8,010
17,095
Charge for the year
3,068
558
11,901
15,527
At 30 June 2019
6,373
6,338
19,911
32,622
At 30 June 2019
5,899
-
15,793
21,692
At 30 June 2018
7,539
1,826
6,949
16,314
Other debtors
7,295
2,240
6
Creditors: amounts falling due within one year
2019
2018
Trade creditors
16,557
7,661
Taxes and social security
36,818
19,734
Other creditors
9,023
473
Loans from directors
8,390
6,322
7
Creditors: amounts falling due after more than one year
2019
2018
Obligations under finance leases and hire purchase contracts
3,207
4,244
Taxes and social security
3,940
-
North House Films Ltd.
Notes to the Accounts
for the year ended 30 June 2019
8
Average number of employees
During the year the average number of employees was 4 (2018: 3).