Chuckle Productions 07097079 false 2022-01-01 2022-12-31 2022-12-31 The principal activity of the company is to advance education for the public benefit by the promotion of the arts, in particular but not exclusively the art of drama. Digita Accounts Production Advanced 6.30.9574.0 true true 07097079 2022-01-01 2022-12-31 07097079 2022-12-31 07097079 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 07097079 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 07097079 core:FurnitureFittingsToolsEquipment 2022-12-31 07097079 core:OtherPropertyPlantEquipment 2022-12-31 07097079 bus:SmallEntities 2022-01-01 2022-12-31 07097079 bus:AuditExemptWithAccountantsReport 2022-01-01 2022-12-31 07097079 bus:FullAccounts 2022-01-01 2022-12-31 07097079 bus:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 07097079 bus:RegisteredOffice 2022-01-01 2022-12-31 07097079 bus:Director1 2022-01-01 2022-12-31 07097079 bus:Director2 2022-01-01 2022-12-31 07097079 bus:Director3 2022-01-01 2022-12-31 07097079 bus:Director4 2022-01-01 2022-12-31 07097079 bus:CompanyLimitedByGuarantee 2022-01-01 2022-12-31 07097079 core:FurnitureFittingsToolsEquipment 2022-01-01 2022-12-31 07097079 core:OfficeEquipment 2022-01-01 2022-12-31 07097079 core:OtherPropertyPlantEquipment 2022-01-01 2022-12-31 07097079 core:PlantMachinery 2022-01-01 2022-12-31 07097079 6 2022-01-01 2022-12-31 07097079 countries:EnglandWales 2022-01-01 2022-12-31 07097079 2021-12-31 07097079 core:FurnitureFittingsToolsEquipment 2021-12-31 07097079 core:OtherPropertyPlantEquipment 2021-12-31 07097079 2021-01-01 2021-12-31 07097079 2021-12-31 07097079 core:CurrentFinancialInstruments core:WithinOneYear 2021-12-31 07097079 core:Non-currentFinancialInstruments core:AfterOneYear 2021-12-31 07097079 core:FurnitureFittingsToolsEquipment 2021-12-31 07097079 core:OtherPropertyPlantEquipment 2021-12-31 iso4217:GBP xbrli:pure

Registration number: 07097079

Chuckle Productions

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2022

 

Chuckle Productions

Contents

Company Information

1

Statement of Financial Position

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Chuckle Productions

Company Information

Directors

Mrs Sara Alvean Christie

Mrs Sharon Louise Hodson

Mrs Pamela Frances Cole

Miss Philippa Jayne Unett

Registered office

Unit 10
Stone Enterprise Centre
Emerald Way
Stone
Staffordshire
ST15 0SR

Accountants

Winton Bath Group Limited
First Floor
6 Ferranti Court
Staffordshire Technology Park
Stafford
Staffordshire
ST18 0LQ

 

Chuckle Productions

(Registration number: 07097079)
Statement of Financial Position as at 31 December 2022

Note

2022
£

2021
£

Fiixed assets

 

Tangible assets

5

8,174

12,079

Current assets

 

Debtors

6

4,351

686

Cash at bank and in hand

 

71,658

92,130

 

76,009

92,816

Creditors: Amounts falling due within one year

7

(51,530)

(70,858)

Net current assets

 

24,479

21,958

Total assets less current liabilities

 

32,653

34,037

Creditors: Amounts falling due after more than one year

7

(8,181)

(12,981)

Net assets

 

24,472

21,056

Capital and reserves

 

Income and Expenditure account

24,472

21,056

Total Net Assets

 

24,472

21,056

For the financial year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The directors acknowledge their 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.

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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 September 2023 and signed on its behalf by:
 

.........................................
Mrs Sara Alvean Christie
Director

 

Chuckle Productions

(Registration number: 07097079)
Statement of Financial Position as at 31 December 2022

.........................................
Mrs Sharon Louise Hodson
Director

.........................................
Mrs Pamela Frances Cole
Director

.........................................
Miss Philippa Jayne Unett
Director

 

Chuckle Productions

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Unit 10
Stone Enterprise Centre
Emerald Way
Stone
Staffordshire
ST15 0SR

These financial statements were authorised for issue by the Board on 27 September 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 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 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.

Going concern

The directors consider that there are no material uncertainties about the businesses ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held.

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.

Grants

Grants are recognised when the business has been notified in writing of both the amount and settlement date. In the event that a grant is subject to conditions that require a level of performance by the business before it is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the business and it is probable that these conditions will be fulfilled in the reporting period.

 

Chuckle Productions

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

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

Equipment

Over 4 years on cost

Plant and Machinery

Over 4 years on cost

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.

 

Chuckle Productions

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

A loan exists between Sara Christie, one of the directors, and the company. An agreement is in place that the loan is not repayable until the company is in a strong enough position that regular repayments can be made.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 15 (2021 - 14).

No Employee received emoluments of more that £60,000 during the year.

4

Profit/loss

Chuckle Productions is a registered non for Profit Organisation and is therefore exempt from taxation.

 

Chuckle Productions

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

5

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 January 2022

56,408

7,613

64,021

Additions

3,566

-

3,566

At 31 December 2022

59,974

7,613

67,587

Depreciation

At 1 January 2022

44,436

7,506

51,942

Charge for the year

7,364

107

7,471

At 31 December 2022

51,800

7,613

59,413

Carrying amount

At 31 December 2022

8,174

-

8,174

At 31 December 2021

11,972

107

12,079

6

Debtors

Current

2022
£

2021
£

Trade debtors

4,143

686

Other debtors

208

-

 

4,351

686

7

Creditors

Creditors: amounts falling due within one year

2022
£

2021
£

Due within one year

Accruals and deferred income

47,434

70,738

Other creditors

4,096

120

51,530

70,858

 

Chuckle Productions

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

Creditors: amounts falling due after more than one year

Note

2022
£

2021
£

Due after one year

 

Loans and borrowings

8,181

12,981

A loan exists between Sara Christie, one of the directors, and the company. An agreement is in place that the loan is only repayable when the company is in a strong enough position. at which point repayments can be made. These repayments have now reduced the loan to £8,181 as of the 31 December 2022.

8

Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

2022
£

2021
£

Remuneration

43,921

42,559