Arthur And Martha Productions Limited
Unaudited Financial Statements
For the year ended 31 January 2023
Pages for Filing with Registrar
Company Registration No. 09964284 (England and Wales)
Arthur and Martha Productions Limited
Arthur And Martha Productions Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
Arthur And Martha Productions Limited
Balance Sheet
As at 31 January 2023
Page 1
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
425
1,075
Current assets
Debtors
4
33,153
34,973
Cash at bank and in hand
4,020
39,557
37,173
74,530
Creditors: amounts falling due within one year
5
(46,349)
(40,669)
Net current (liabilities)/assets
(9,176)
33,861
Total assets less current liabilities
(8,751)
34,936
Creditors: amounts falling due after more than one year
6
(23,333)
(34,327)
Net (liabilities)/assets
(32,084)
609
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
(32,184)
509
Total equity
(32,084)
609

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Arthur And Martha Productions Limited
Balance Sheet (Continued)
As at 31 January 2023
Page 2
The financial statements were approved by the board of directors and authorised for issue on 23 October 2023 and are signed on its behalf by:
Ms S Browell
Director
Company Registration No. 09964284
Arthur and Martha Productions Limited
Arthur And Martha Productions Limited
Notes to the Financial Statements
For the year ended 31 January 2023
Page 3
1
Accounting policies
Company information

Arthur and Martha Productions Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6th Floor, Charlotte Building, 17 Gresse Street, London, W1T 1QL.

1.1
Accounting convention

These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The company suffered a loss for the year after taxation of £32,693 (2022: £38,436 profit after taxation) and had net liabilities at the balance sheet date of  £32,084 (2022: £609 net assets). These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future. The directors believe that the company will have sufficient funds to settle all of its liabilities as they fall due for at least 12 months from signing the accounts.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

Revenue from contracts for the provision of services is recognised by reference to the stage of completion.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Fixtures and fittings
33% straight line basis
Computers
20% straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.

1.6
Financial instruments

The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

Arthur and Martha Productions Limited
Arthur And Martha Productions Limited
Notes to the Financial Statements (Continued)
For the year ended 31 January 2023
1
Accounting policies
(Continued)
Page 4
1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.8
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

 

We considered holiday pay accrual but given so few full-time staff not considered to material.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

1.12
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

Arthur and Martha Productions Limited
Arthur And Martha Productions Limited
Notes to the Financial Statements (Continued)
For the year ended 31 January 2023
Page 5
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
4
3
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2022 and 31 January 2023
10,254
Depreciation and impairment
At 1 February 2022
9,179
Depreciation charged in the year
650
At 31 January 2023
9,829
Carrying amount
At 31 January 2023
425
At 31 January 2022
1,075
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
15,691
30,410
Corporation tax recoverable
7,364
314
Other debtors
10,098
4,249
33,153
34,973
Arthur and Martha Productions Limited
Arthur And Martha Productions Limited
Notes to the Financial Statements (Continued)
For the year ended 31 January 2023
Page 6
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
18,960
-
0
Trade creditors
1,151
10,457
Corporation tax
11,030
10,443
Other taxation and social security
11,473
6,403
Other creditors
3,735
12,746
Accruals and deferred income
-
0
620
46,349
40,669
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
23,333
34,327
7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
8
Related party transactions

During the year the directors, S Browell and N Hill, were not paid any dividends (2022: £24,000).

 

At the balance sheet date S Browell was owed £3,283 by the company (2022: £5,035).

 

At the balance sheet date N Hill owed £2,653 to the company (2022: £965).

 

At the balance sheet date an amount of £444 (2022: £nil) was owed to Tiny Riot Ltd, a related party by virtue of common directorship.

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