IRIS Accounts Production v23.3.0.418 NI625658 director 1.8.22 31.7.23 31.7.23 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureNI6256582022-07-31NI6256582023-07-31NI6256582022-08-012023-07-31NI6256582021-07-31NI6256582021-08-012022-07-31NI6256582022-07-31NI625658ns16:NorthernIreland2022-08-012023-07-31NI625658ns15:PoundSterling2022-08-012023-07-31NI625658ns11:Director12022-08-012023-07-31NI625658ns11:PrivateLimitedCompanyLtd2022-08-012023-07-31NI625658ns11:SmallEntities2022-08-012023-07-31NI625658ns11:AuditExempt-NoAccountantsReport2022-08-012023-07-31NI625658ns11:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-31NI625658ns11:SmallCompaniesRegimeForAccounts2022-08-012023-07-31NI625658ns11:FullAccounts2022-08-012023-07-31NI625658ns11:RegisteredOffice2022-08-012023-07-31NI625658ns6:CurrentFinancialInstruments2023-07-31NI625658ns6:CurrentFinancialInstruments2022-07-31NI625658ns6:Non-currentFinancialInstruments2023-07-31NI625658ns6:Non-currentFinancialInstruments2022-07-31NI625658ns6:ShareCapital2023-07-31NI625658ns6:ShareCapital2022-07-31NI625658ns6:RetainedEarningsAccumulatedLosses2023-07-31NI625658ns6:RetainedEarningsAccumulatedLosses2022-07-31NI625658ns6:PlantMachinery2022-07-31NI625658ns6:PlantMachinery2022-08-012023-07-31NI625658ns6:PlantMachinery2023-07-31NI625658ns6:PlantMachinery2022-07-31NI625658ns6:WithinOneYearns6:CurrentFinancialInstruments2023-07-31NI625658ns6:WithinOneYearns6:CurrentFinancialInstruments2022-07-31
REGISTERED NUMBER: NI625658 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

AFRO-MIC Productions Ltd

AFRO-MIC Productions Ltd (Registered number: NI625658)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AFRO-MIC Productions Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTOR: Mrs E R Dias





REGISTERED OFFICE: Oh Yeah Music Centre
15 - 21 Gordon Street
Belfast
BT1 2LG





REGISTERED NUMBER: NI625658 (Northern Ireland)





ACCOUNTANTS: M. Glover & Co.
3 Shrewsbury Gardens
Belfast
Co. Antrim
BT9 6PJ

AFRO-MIC Productions Ltd (Registered number: NI625658)

Balance Sheet
31 July 2023

31/7/23 31/7/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,619 47,974

CURRENT ASSETS
Debtors 5 44,900 18,463
Cash at bank 706,332 640,791
751,232 659,254
CREDITORS
Amounts falling due within one year 6 71,759 141,695
NET CURRENT ASSETS 679,473 517,559
TOTAL ASSETS LESS CURRENT
LIABILITIES

725,092

565,533

CREDITORS
Amounts falling due after more than
one year

7

38,060

48,615
NET ASSETS 687,032 516,918

AFRO-MIC Productions Ltd (Registered number: NI625658)

Balance Sheet - continued
31 July 2023

31/7/23 31/7/22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 687,031 516,917
SHAREHOLDERS' FUNDS 687,032 516,918

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 October 2023 and were signed by:





Mrs E R Dias - Director


AFRO-MIC Productions Ltd (Registered number: NI625658)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

AFRO-MIC Productions Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

AFRO-MIC Productions Ltd (Registered number: NI625658)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 9 ).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 86,081
Additions 13,622
At 31 July 2023 99,703
DEPRECIATION
At 1 August 2022 38,107
Charge for year 15,977
At 31 July 2023 54,084
NET BOOK VALUE
At 31 July 2023 45,619
At 31 July 2022 47,974

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31/7/23 31/7/22
£    £   
Trade debtors 44,900 -
Other debtors - 18,463
44,900 18,463

AFRO-MIC Productions Ltd (Registered number: NI625658)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31/7/23 31/7/22
£    £   
Trade creditors (646 ) 16,745
Taxation and social security 71,309 99,630
Other creditors 1,096 25,320
71,759 141,695

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31/7/23 31/7/22
£    £   
Bank loans 38,060 48,615

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs E R Dias.

The ultimate controlling party is Mrs E R Dias.