Registered number
11457405
A27 PRODUCTIONS LTD
Filleted Accounts
31 August 2022
A27 PRODUCTIONS LTD
Registered number: 11457405
Balance Sheet
as at 31 August 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 1,171 1,428
Current assets
Debtors 4 6,081 2,600
Cash at bank and in hand 4,817 2,969
10,898 5,569
Creditors: amounts falling due within one year 5 (10,924) (4,617)
Net current (liabilities)/assets (26) 952
Net assets 1,145 2,380
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,045 2,280
Shareholder's funds 1,145 2,380
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ozgur GUNGOR
Director
Approved by the board on 7 September 2022
A27 PRODUCTIONS LTD
Notes to the Accounts
for the year ended 31 August 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, as follows:
Equipment 18% Reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A corporation tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A corporation tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Corporation tax assets and liabilities are not discounted.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Equipment
£
Cost
At 1 September 2021 2,499
At 31 August 2022 2,499
Depreciation
At 1 September 2021 1,071
Charge for the year 257
At 31 August 2022 1,328
Net book value
At 31 August 2022 1,171
At 31 August 2021 1,428
4 Debtors 2022 2021
£ £
Trade debtors 5,343 2,600
Prepayments & other debtors 738 -
6,081 2,600
5 Creditors: amounts falling due within one year 2022 2021
£ £
Accrued expenses & other creditors 2,652 852
Taxation and social security costs 8,272 3,765
10,924 4,617
6 Other information
A27 PRODUCTIONS LTD is a private company limited by shares and incorporated in England. Its registered office is:
C/o - Unit 4 , Kinetica
13 Ramsgate Street
London
E8 2FD
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