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Registration number: 06485848

Ian Marsh Productions Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2023

 

Ian Marsh Productions Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Ian Marsh Productions Limited

(Registration number: 06485848)
Balance Sheet as at 31 January 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

5,393

5,516

Current assets

 

Debtors

5

4,284

5,945

Cash at bank and in hand

 

4,690

207

 

8,974

6,152

Creditors: Amounts falling due within one year

6

(12,823)

(10,398)

Net current liabilities

 

(3,849)

(4,246)

Total assets less current liabilities

 

1,544

1,270

Provisions for liabilities

(1,350)

(1,049)

Net assets

 

194

221

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

94

121

Shareholders' funds

 

194

221

For the financial year ending 31 January 2023 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 and the option not to file the Profit and Loss Account has been taken.

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

 

Ian Marsh Productions Limited

(Registration number: 06485848)
Balance Sheet as at 31 January 2023

.........................................
I C Marsh
Director

 

Ian Marsh Productions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

1

General information

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

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of video production services in the ordinary course of the company’s activities.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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:

 

Ian Marsh Productions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

Asset class

Depreciation method and rate

Office equipment

25% reducing balance basis

Equipment

25% reducing balance basis

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 services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

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.

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 directors) during the year, was 2 (2022 - 2).

 

Ian Marsh Productions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

4

Tangible assets

Equipment
£

Office Equipment
£

Total
£

Cost or valuation

At 1 February 2022

3,081

6,662

9,743

Additions

309

1,038

1,347

At 31 January 2023

3,390

7,700

11,090

Depreciation

At 1 February 2022

1,895

2,332

4,227

Charge for the year

323

1,147

1,470

At 31 January 2023

2,218

3,479

5,697

Carrying amount

At 31 January 2023

1,172

4,221

5,393

At 31 January 2022

1,186

4,330

5,516

5

Debtors

2023
£

2022
£

Trade debtors

1,190

5,945

Other debtors

3,094

-

4,284

5,945

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

870

1,410

Taxation and social security

10,303

4,417

Other creditors

1,650

4,571

12,823

10,398

 

Ian Marsh Productions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

7

Related party transactions

Transactions with directors

2023

At 1 February 2022
£

Advances to directors
£

Repayments by director
£

At 31 January 2023
£

I C Marsh

Directors Loan

(3,071)

22,422

(16,257)

3,094