Company Registration No. 09080291 (England and Wales)
Left Handed Films Limited
Annual report and unaudited financial statements
For the year ended 31 December 2019
Pages for filing with registrar
LEFT HANDED FILMS LIMITED
Left Handed Films Limited
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
LEFT HANDED FILMS LIMITED
Left Handed Films Limited
BALANCE SHEET
AS AT
31 DECEMBER 2019
31 December 2019
- 1 -
2019
2018
Notes
£
£
£
£
Current assets
Debtors
2
234,740
520,294
Cash at bank and in hand
249,259
62,339
483,999
582,633
Creditors: amounts falling due within one year
3
(485,769)
(189,949)
Net current (liabilities)/assets
(1,770)
392,684
Capital and reserves
Called up share capital
4
1
1
Profit and loss reserves
(1,771)
392,683
Total equity
(1,770)
392,684
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his 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 30 September 2020
R Ahmed
Director
Company Registration No. 09080291
LEFT HANDED FILMS LIMITED
Left Handed Films Limited
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019
- 2 -
1
Accounting policies
Company information
Left Handed Films Limited is a private company limited by shares incorporated in England and Wales. The registered office is 55 Loudoun Road, St John's Wood, London, NW8 0DL.
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
represents fees receivable for acting services, speaking engagements and appearance fees and are recognised when the contractual conditions for payment have been met.
1.3
Cash at bank and in hand
Cash at bank and in hand
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.4
Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account 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.
1.5
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in the profit and loss account for the period.
2
Debtors
2019
2018
Amounts falling due within one year:
£
£
Trade debtors
175,834
312,373
Other debtors
58,906
207,921
234,740
520,294
LEFT HANDED FILMS LIMITED
Left Handed Films Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2019
- 3 -
3
Creditors: amounts falling due within one year
2019
2018
£
£
Trade creditors
51,734
1,575
Corporation tax
11,691
81,550
Other taxation and social security
-
54,324
Other creditors
422,344
52,500
485,769
189,949
4
Called up share capital
2019
2018
£
£
Ordinary share capital
Issued and fully paid
1 ordinary share of £1 each
1
1
1
1