Kent Film Foundation Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 07274484 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2024

for

Kent Film Foundation Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

N Shepherd

E Gregory

A J Jones

Ms J Dunn

SECRETARY:

REGISTERED OFFICE:

22 Grange Road

Ramsgate

Kent

CT11 9LR

REGISTERED NUMBER:

07274484 (England and Wales)

FIXED ASSETS

Tangible assets

4

14,250

CURRENT ASSETS

Debtors

5

1,490

Cash at bank and in hand

29,802

31,292

CREDITORS

Amounts falling due within one year

6

2,432

NET CURRENT ASSETS

28,860

TOTAL ASSETS LESS CURRENT LIABILITIES

43,110

CREDITORS

Amounts falling due after more than one year

7

5,000

NET ASSETS

38,110

RESERVES

Income and expenditure account

38,110

38,110

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 surplus or deficit 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 24 May 2024 and were signed on its behalf by:

E Gregory - Director

1.	STATUTORY INFORMATION

Kent Film Foundation Limited is a private company, limited by guarantee , registered in England and Wales. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Equipment

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

Taxation

This company is a registered charity. It relies entirely on grants and donations etc in order to provide essential services to disadvantaged young people, to help them to build confidence and self-esteem.

There is therefore no Corporation Tax due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL.

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

Equipment

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2023

16,848

-

3,437

20,285

Additions

2,590

2,890

4,221

9,701

At 31 March 2024

19,438

2,890

7,658

29,986

DEPRECIATION

At 1 April 2023

11,808

-

1,774

13,582

Charge for year

1,144

433

577

2,154

At 31 March 2024

12,952

433

2,351

15,736

NET BOOK VALUE

At 31 March 2024

6,486

2,457

5,307

14,250

At 31 March 2023

5,040

-

1,663

6,703

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Prepayments

1,490

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts (see note 8)

1,400

Accrued expenses

1,032

2,432

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans (see note 8)

5,000

8.

LOANS

An analysis of the maturity of loans is given below:

£

Amounts falling due within one year or on demand:

Bounce Back Loan

1,400

£

Amounts falling due between one and two years:

Bounce Back Loan

2,400

Amounts falling due between two and five years:

Bounce Back Loan

2,600

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Date: .............................................