Company Registration No. 12631470 (England and Wales)
TILTED PRODUCTIONS LTD
Unaudited accounts
for the year ended 31 March 2023
TILTED PRODUCTIONS LTD
Unaudited accounts
Contents
TILTED PRODUCTIONS LTD
Company Information
for the year ended 31 March 2023
Company Number
12631470 (England and Wales)
Registered Office
91 DIGBY CRESCENT
LONDON
N4 2HS
UNITED KINGDOM
Accountants
Eleve11 Consulting Ltd T/A Cloud Eleven Accountants
Palamos House
66-67 High St
Lymington
Hampshire
SO41 9AL
TILTED PRODUCTIONS LTD
Statement of financial position
as at 31 March 2023
Tangible assets
1,721
1,332
Cash at bank and in hand
5,936
1,690
Creditors: amounts falling due within one year
(1,240,205)
(4,949)
Net current assets
3,841
94
Total assets less current liabilities
5,693
1,557
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
5,262
1,290
Shareholders' funds
5,263
1,291
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 August 2023 and were signed on its behalf by
S Hodges
Director
Company Registration No. 12631470
TILTED PRODUCTIONS LTD
Notes to the Accounts
for the year ended 31 March 2023
TILTED PRODUCTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 12631470. The registered office is 91 DIGBY CRESCENT, LONDON, N4 2HS, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33.33% straight line
Computer equipment
33.33% straight line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
TILTED PRODUCTIONS LTD
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2022
261
1,109
1,370
At 31 March 2023
743
1,733
2,476
Charge for the year
133
584
717
At 31 March 2023
140
615
755
At 31 March 2023
603
1,118
1,721
At 31 March 2022
254
1,078
1,332
5
Investments
Other investments
Valuation at 1 April 2022
131
Valuation at 31 March 2023
131
Investments are treated at the lower of cost and net realisable value.
They are impairment tested annualy.
Amounts falling due within one year
Accrued income and prepayments
-
3,333
Other debtors
1,238,110
20
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
4,640
959
Other creditors
1,232,424
-
Loans from directors
351
1,545
8
Transactions with related parties
During the year the company provided services to Rambow productions.
These services were provided at market rate.
TILTED PRODUCTIONS LTD
Notes to the Accounts
for the year ended 31 March 2023
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).