YOUNG FILMS LIMITED

YOUNG FILMS LIMITED

YOUNG FILMS LIMITED - Company Information

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YOUNG FILMS LIMITED

Company Registration Number:
02016352 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2020

Period of accounts

Start date: 01 March 2019

End date: 28 February 2020

YOUNG FILMS LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2020

Balance sheet
Notes

YOUNG FILMS LIMITED

Balance sheet

As at 28 February 2020


Notes
2020
2019


£
£
Fixed assets
Tangible assets: 3 4,016 5,354
Total fixed assets: 4,016 5,354
Current assets
Stocks: 1,561,773 1,662,050
Debtors: 4 509,235 756,931
Cash at bank and in hand: 232,806 136,959
Total current assets: 2,303,814 2,555,940
Creditors: amounts falling due within one year:   (1,597,606) (1,850,422)
Net current assets (liabilities): 706,208 705,518
Total assets less current liabilities: 710,224 710,872
Total net assets (liabilities): 710,224 710,872
Capital and reserves
Called up share capital: 33,355 33,355
Profit and loss account: 676,869 677,517
Shareholders funds: 710,224 710,872

The notes form part of these financial statements

YOUNG FILMS LIMITED

Balance sheet statements

For the year ending 28 February 2020 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 07 October 2020
and signed on behalf of the board by:

Name: R C Young
Status: Director

The notes form part of these financial statements

YOUNG FILMS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

YOUNG FILMS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2020

2. Employees

2020 2019
Average number of employees during the period 14 14

YOUNG FILMS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2020

3. Tangible Assets

Total
Cost £
At 01 March 2019 76,427
At 28 February 2020 76,427
Depreciation
At 01 March 2019 71,073
Charge for year 1,338
At 28 February 2020 72,411
Net book value
At 28 February 2020 4,016
At 28 February 2019 5,354

YOUNG FILMS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2020

4. Debtors

2020 2019
££
Debtors due after more than one year: 0 0

YOUNG FILMS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2020

5. Loans to directors

Name of director receiving advance or credit: R C Young
Description of the loan: Directors advance
£
Balance at 01 March 2019 580,322
Advances or credits made: 14,113
Advances or credits repaid: 300,000
Balance at 28 February 2020 294,435

YOUNG FILMS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2020

6. Related party transactions

Name of the related party: Young Bwark Ltd
Relationship:
50% interest in capital
Description of the Transaction: Royalties earned from film productions
£
Balance at 01 March 2019 0
Balance at 28 February 2020 40,000