Company Registration No. 05727812 (England and Wales)
Aspect Film and Video Limited
Unaudited accounts
for the year ended 31 March 2023
Aspect Film and Video Limited
Unaudited accounts
Contents
Aspect Film and Video Limited
Company Information
for the year ended 31 March 2023
Directors
Mr Adam Etheridge
Mr David Watson
Mrs Evelyn Timson
Company Number
05727812 (England and Wales)
Registered Office
Origin Workspace
40 Berkeley Square
Bristol
BS8 1HP
Accountants
Port Marine Accountancy Ltd
85 Great Portland Street
First Floor
London
W1W 7LT
Aspect Film and Video Limited
Statement of financial position
as at 31 March 2023
Tangible assets
97,272
171,004
Cash at bank and in hand
29,225
214,205
Creditors: amounts falling due within one year
(320,074)
(390,962)
Net current assets
232,889
421,241
Total assets less current liabilities
330,161
592,245
Creditors: amounts falling due after more than one year
(21,667)
(31,667)
Provisions for liabilities
Deferred tax
(21,177)
(17,587)
Other provisions
(38,597)
(4,890)
Net assets
248,720
538,101
Called up share capital
108
108
Profit and loss account
243,004
532,385
Shareholders' funds
248,720
538,101
For the year ending 31 March 2023 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 directors acknowledge their 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.
The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2023 and were signed on its behalf by
Mrs Evelyn Timson
Director
Company Registration No. 05727812
Aspect Film and Video Limited
Notes to the Accounts
for the year ended 31 March 2023
Aspect Film and Video Limited is a private company, limited by shares, registered in England and Wales, registration number 05727812. The registered office is Origin Workspace, 40 Berkeley Square, Bristol, BS8 1HP.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
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% Straight Line
Motor vehicles
Accelerated
Fixtures & fittings
25% Reduced balance
Computer equipment
25% Reduced balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Goodwill has been written off in equal annual instalments over its estimated economic life of 5 years.
Aspect Film and Video Limited
Notes to the Accounts
for the year ended 31 March 2023
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2022
427,833
7,917
154,053
138,378
728,181
Additions
550
-
-
11,658
12,208
Disposals
-
-
(113,966)
-
(113,966)
At 31 March 2023
428,383
7,917
40,087
150,036
626,423
At 1 April 2022
338,097
7,917
107,619
103,544
557,177
Charge for the year
32,013
-
13,941
11,623
57,577
On disposals
-
-
(85,603)
-
(85,603)
At 31 March 2023
370,110
7,917
35,957
115,167
529,151
At 31 March 2023
58,273
-
4,130
34,869
97,272
At 31 March 2022
89,736
-
46,434
34,834
171,004
Amounts falling due within one year
Trade debtors
414,179
390,683
Accrued income and prepayments
71,592
185,365
Other debtors
29,788
3,968
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,000
10,000
Trade creditors
158,083
121,920
Taxes and social security
65,034
39,285
Other creditors
9,353
4,539
Loans from directors
204
87
Deferred income
70,000
146,236
8
Creditors: amounts falling due after more than one year
2023
2022
Aspect Film and Video Limited
Notes to the Accounts
for the year ended 31 March 2023
9
Deferred taxation
2023
2022
Accelerated capital allowances
21,177
17,587
Provision at start of year
17,587
23,738
Charged/(credited) to the profit and loss account
3,590
(6,151)
Provision at end of year
21,177
17,587
10
Provisions for liabilities
£
Additional provisions made during the period
38,597
This provision relates to bad debt.
Allotted, called up and fully paid:
108,297 Ordinary shares of £0.001 each
108.29
108.29
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
1,992
103,903
106,100
(205)
13
Transactions with related parties
The entity's profit or loss and balance sheet position have been affected by the transactions with those related parties.
During the year the related parties transactions were:
Total of £57,600 with Mr G Timson of Channel Force, spouse of Managing Director Mrs E Timson;
Total of £7,363 with Mrs R Watson of Complete Harmony, mother of Director Mr D Watson;
14
Average number of employees
During the year the average number of employees was 26 (2022: 24).
