Filtr Picture Post Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC558764 (Scotland)

FILTR PICTURE POST LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A MacCuish

I MacRitchie

SECRETARY:

D S Kaye

REGISTERED OFFICE:

4 Newton Place

Glasgow

G3 7PR

REGISTERED NUMBER:

SC558764 (Scotland)

ACCOUNTANTS:

Benham Conway & Co

16 Royal Crescent

Glasgow

G3 7SL

FIXED ASSETS

Tangible assets

4

5,539

7,112

CURRENT ASSETS

Debtors

5

7,411

13,960

Cash at bank

37,396

12,566

44,807

26,526

CREDITORS

Amounts falling due within one year

6

66,925

90,021

NET CURRENT LIABILITIES

(22,118

)

(63,495

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(16,579

)

(56,383

)

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

(16,580

)

(56,384

)

SHAREHOLDERS' FUNDS

(16,579

)

(56,383

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2021 and were signed on its behalf by:

A MacCuish - Director

1.	STATUTORY INFORMATION

Filtr Picture Post Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents services provided in the year, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

Government grants

Government grants in respect of revenue expenditure are credited to the profit and loss account in the period to which they relate. Government grants in respect of capital expenditure are treated as deferred income and credited to the profit and loss account over the estimated useful life of the assets to which they relate.

Taxation

Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The directors have prepared the accounts on a going concern basis despite there being net liabilities at the balance sheet date. The main creditor of the company is a group company which will not seek repayment of the loan until there are sufficient funds available.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2020

47,967

Additions

4,273

At 31 March 2021

52,240

DEPRECIATION

At 1 April 2020

40,855

Charge for year

5,846

At 31 March 2021

46,701

NET BOOK VALUE

At 31 March 2021

5,539

At 31 March 2020

7,112

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade debtors

2,112

1,500

Other debtors

-

12,401

Tax recoverable

5,299

59

7,411

13,960

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade creditors

26,874

24,671

Taxation and social security

11,787

6,631

Other creditors

20,604

3,500

Amount due to group company

7,660

55,219

66,925

90,021

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.21

31.3.20

value:

£

£

1

Ordinary

£1

1

1