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REGISTERED NUMBER: 04655242 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2022

for

PERSISTENCE OF VISION PRODUCTIONS LTD

PERSISTENCE OF VISION PRODUCTIONS LTD (REGISTERED NUMBER: 04655242)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PERSISTENCE OF VISION PRODUCTIONS LTD

Company Information
for the Year Ended 31 March 2022







DIRECTOR: L J D Emmerson





SECRETARY: S J H Emmerson





REGISTERED OFFICE: Charwell House
Wilsom Road
Alton
GU34 2PP





REGISTERED NUMBER: 04655242 (England and Wales)





ACCOUNTANTS: B20 Limited
Chartered Certified Accountants
Charwell House
Wilsom Road
Alton
Hampshire
GU34 2PP

PERSISTENCE OF VISION PRODUCTIONS LTD (REGISTERED NUMBER: 04655242)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £   
FIXED ASSETS
Tangible assets 4 6,378 8,228
Investments 5 750 750
7,128 8,978

CURRENT ASSETS
Debtors 6 23,198 24,799
Cash at bank 32,241 7,702
55,439 32,501
CREDITORS
Amounts falling due within one year 7 (37,633 ) (22,815 )
NET CURRENT ASSETS 17,806 9,686
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,934

18,664

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 24,932 18,662
24,934 18,664

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 5 September 2022 and were signed by:





L J D Emmerson - Director


PERSISTENCE OF VISION PRODUCTIONS LTD (REGISTERED NUMBER: 04655242)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

PERSISTENCE OF VISION PRODUCTIONS LTD is a private company, limited by shares , 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.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred 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 or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

PERSISTENCE OF VISION PRODUCTIONS LTD (REGISTERED NUMBER: 04655242)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2021 69,614 955 33,328 103,897
Additions 1,974 - 2,581 4,555
At 31 March 2022 71,588 955 35,909 108,452
DEPRECIATION
At 1 April 2021 64,984 949 29,736 95,669
Charge for year 2,448 2 3,955 6,405
At 31 March 2022 67,432 951 33,691 102,074
NET BOOK VALUE
At 31 March 2022 4,156 4 2,218 6,378
At 31 March 2021 4,630 6 3,592 8,228

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2021
and 31 March 2022 750
NET BOOK VALUE
At 31 March 2022 750
At 31 March 2021 750

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 20,337 7,396
Other debtors 2,861 17,403
23,198 24,799

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade creditors 12,864 2,470
Taxation and social security 15,155 8,843
Other creditors 9,614 11,502
37,633 22,815