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Registration number: 13825614

Ed Newell Productions Limited

Annual Report and Unaudited Abridged Financial Statements

for the Period from 4 January 2022 to 31 January 2023

 

Ed Newell Productions Limited

Contents

Company Information

1

Abridged Balance Sheet

2

Notes to the Unaudited Abridged Financial Statements

3 to 6

 

Ed Newell Productions Limited

Company Information

Director

Mr. Edward Newell

Registered office

31 Sackville Street,
Manchester
M1 3LZ

Accountants

Shacter Cohen & Bor LLP
31 Sackville Street
Manchester
M1 3LZ

 

Ed Newell Productions Limited

(Registration number: 13825614)
Abridged Balance Sheet as at 31 January 2023

Note

2023
£

Fixed assets

 

Tangible assets

4

2,168

Current assets

 

Cash at bank and in hand

 

48,806

Creditors: Amounts falling due within one year

(52,469)

Net current liabilities

 

(3,663)

Net liabilities

 

(1,495)

Capital and reserves

 

Called up share capital

6

100

Retained earnings

(1,595)

Shareholders' deficit

 

(1,495)

For the financial period ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 14 July 2023
 

.........................................
Mr. Edward Newell
Director

 

Ed Newell Productions Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 4 January 2022 to 31 January 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
31 Sackville Street,
Manchester
M1 3LZ

These financial statements were authorised for issue by the director on 14 July 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change
attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in
other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or
substantively enacted by the reporting date in the countries where the company operates and generates taxable
income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Ed Newell Productions Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 4 January 2022 to 31 January 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent
accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and
installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over
their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments
that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of
business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost
using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is
established when there is objective evidence that the company will not be able to collect all amounts due according
to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Accounts payable are classified as current liabilities if the company does not have an
unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months
after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the
reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using
the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other
resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and
the time value of money is material, the initial measurement is on a present value basis.

 

Ed Newell Productions Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 4 January 2022 to 31 January 2023

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 2.

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

3,048

3,048

At 31 January 2023

3,048

3,048

Depreciation

Charge for the period

880

880

At 31 January 2023

880

880

Carrying amount

At 31 January 2023

2,168

2,168

5

Debtors

Debtors includes £Nil due after more than one year.

6

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

Ordinary share of £1 each

100

100

     

7

Dividends

Interim dividends paid

   

2023
£

 

Interim dividend of £389.47 per each Ordinary share

 

38,947

 
       
 

Ed Newell Productions Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 4 January 2022 to 31 January 2023

8

Related party transactions

Transactions with the director

2023

At 4 January 2022
£

Advances to director
£

Repayments by director
£

At 31 January 2023
£

Mr. Edward Newell

-

(29,000)

(10,749)

(39,749)

         
       

 

Director's remuneration

The director's remuneration for the period was as follows:

2023
£

Remuneration

9,791