Si Clark Photo And Film Ltd
Si Clark Photo And Film Ltd
Registered number: 11492610
Unaudited Financial Statements
For The Year Ended 31 July 2019
Ten Forward Finance Ltd
Chartered Certified Accountants
Balfour House, 741 High Road
London
N12 0BP
Si Clark Photo And Film Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2019
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Statement of Financial Position | 1 |
| Notes to the Financial Statements | 3—4 |
Si Clark Photo And Film Ltd
Statement of Financial Position
As at
31 July 2019
Statement of Financial Position
Registered number:
11492610
For the year ending 31 July 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2019 | |||
|---|---|---|---|
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Debtors | 3 |
|
|
| Cash at bank and in hand |
|
||
|
|
|||
| Creditors: Amounts Falling Due Within One Year | 4 |
( |
|
| NET CURRENT ASSETS (LIABILITIES) |
|
||
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
||
| NET ASSETS |
|
||
| CAPITAL AND RESERVES | |||
| Called up share capital | 5 |
|
|
| Income Statement |
|
||
| SHAREHOLDERS' FUNDS | 15,797 | ||
Director's responsibilities
-
The member has 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. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
|
Director
|
|
|
Page 1
Si Clark Photo And Film Ltd
Statement of Financial Position (continued)
As at
31 July 2019
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Si Clark Photo And Film Ltd
Notes to the Financial Statements
For The Year Ended 31 July 2019
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3.
Financial Instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
1.4.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.
1.5.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors report, and notes to the financial statements relating to the income statement. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
| 2019 | |
|---|---|
| Office and administration |
|
|
|
|
3.
Debtors
| 2019 | |
|---|---|
| £ | |
| Due within one year | |
| Trade debtors |
|
| Director's loan account | 20,714 |
|
|
|
Page 3
Si Clark Photo And Film Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2019
4.
Creditors: Amounts Falling Due Within One Year
| 2019 | |
|---|---|
| £ | |
| Trade creditors |
|
| Corporation tax |
|
| VAT |
|
| Other creditors |
|
| Accruals and deferred income |
|
|
|
|
6.
Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
| As at |
Amounts advanced | Amounts repaid | Amounts written off | As at |
|
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Mr Simon Clark |
|
( |
|
- |
|
£18,932 was repaid on 27 April 2020
7.
Ultimate Controlling Party
The company's ultimate controlling party is Mr Simon Clark by virtue of his ownership of 100% of the issued share capital in the company.
8.
General Information
Si Clark Photo And Film Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11492610 . The registered office is Studio 60 Great Western Studios, 65 Alfred Road, London, W2 5EU.
Page 4