Company Registration No. 07922549 (England and Wales)
COLONEL DUCK PRODUCTIONS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023
PAGES FOR FILING WITH REGISTRAR
COLONEL DUCK PRODUCTIONS LTD
COMPANY INFORMATION
Director
Mr J Adie
Company number
07922549
Registered office
Studio 2 Weekin Works
Park Hill Road
Harborne
Birmingham
B17 9HD
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Lloyds Bank Plc
73 Parade
Leamington Spa
Warwickshire
CV32 4BB
COLONEL DUCK PRODUCTIONS LTD
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 6
COLONEL DUCK PRODUCTIONS LTD
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF COLONEL DUCK PRODUCTIONS LTD FOR THE YEAR ENDED 30 APRIL 2023
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Colonel Duck Productions Ltd for the year ended 30 April 2023 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Colonel Duck Productions Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Colonel Duck Productions Ltd and state those matters that we have agreed to state to the Board of Directors of Colonel Duck Productions Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Colonel Duck Productions Ltd and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Colonel Duck Productions Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Colonel Duck Productions Ltd. You consider that Colonel Duck Productions Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Colonel Duck Productions Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ormerod Rutter Limited
25 October 2023
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
COLONEL DUCK PRODUCTIONS LTD
BALANCE SHEET
AS AT
30 APRIL 2023
30 April 2023
- 2 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
7,336
4,620
Current assets
Debtors
4
179,292
166,619
Cash at bank and in hand
21,148
79,642
200,440
246,261
Creditors: amounts falling due within one year
5
(110,390)
(179,388)
Net current assets
90,050
66,873
Total assets less current liabilities
97,386
71,493
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
97,286
71,393
Total equity
97,386
71,493

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

For the financial year ended 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has 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.

The financial statements were approved and signed by the director and authorised for issue on 25 October 2023.
Mr J Adie
Director
Company Registration No. 07922549
COLONEL DUCK PRODUCTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023
- 3 -
1
Accounting policies
Company information

Colonel Duck Productions Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Studio 2 Weekin Works, Park Hill Road, Harborne, Birmingham, B17 9HD.

1.1
Accounting convention

These financial statements have been prepared in accordance with 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 disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

1.2
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.

Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.

1.3
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.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% on reducing balance
Computer equipment
33% on cost
1.4
Taxation

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

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.

COLONEL DUCK PRODUCTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.5
Employee benefits

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

1.6
Retirement benefits

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

1.7
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 3 (2022 - 4).

COLONEL DUCK PRODUCTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
- 5 -
3
Tangible fixed assets
Fixtures and fittings
Computer equipment
Total
£
£
£
Cost
At 1 May 2022
11,960
111,515
123,475
Additions
181
6,681
6,862
At 30 April 2023
12,141
118,196
130,337
Depreciation and impairment
At 1 May 2022
9,065
109,790
118,855
Depreciation charged in the year
771
3,375
4,146
At 30 April 2023
9,836
113,165
123,001
Carrying amount
At 30 April 2023
2,305
5,031
7,336
At 30 April 2022
2,895
1,725
4,620
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
149,199
113,408
Other debtors
1,598
10,024
150,797
123,432
Deferred tax asset
28,495
43,187
179,292
166,619
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
321
60
Taxation and social security
13,139
14,833
Other creditors
96,930
164,495
110,390
179,388
COLONEL DUCK PRODUCTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
- 6 -
6
Called up share capital
2023
2022
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary A of £1 each
100
100
100
100
7
Ultimate controlling party

The ultimate controlling party is Mr J Adie.

2023-04-302022-05-01false25 October 2023CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMr J Adiefalse079225492022-05-012023-04-3007922549bus:Director12022-05-012023-04-3007922549bus:RegisteredOffice2022-05-012023-04-3007922549bus:Agent12022-05-012023-04-30079225492023-04-30079225492022-04-3007922549core:FurnitureFittings2023-04-3007922549core:ComputerEquipment2023-04-3007922549core:FurnitureFittings2022-04-3007922549core:ComputerEquipment2022-04-3007922549core:CurrentFinancialInstrumentscore:WithinOneYear2023-04-3007922549core:CurrentFinancialInstrumentscore:WithinOneYear2022-04-3007922549core:CurrentFinancialInstruments2023-04-3007922549core:CurrentFinancialInstruments2022-04-3007922549core:ShareCapital2023-04-3007922549core:ShareCapital2022-04-3007922549core:RetainedEarningsAccumulatedLosses2023-04-3007922549core:RetainedEarningsAccumulatedLosses2022-04-3007922549core:ShareCapitalOrdinaryShares2023-04-3007922549core:ShareCapitalOrdinaryShares2022-04-3007922549core:FurnitureFittings2022-05-012023-04-3007922549core:ComputerEquipment2022-05-012023-04-3007922549core:FurnitureFittings2022-04-3007922549core:ComputerEquipment2022-04-30079225492022-04-3007922549bus:OrdinaryShareClass12023-04-3007922549bus:OrdinaryShareClass12022-05-012023-04-3007922549bus:PrivateLimitedCompanyLtd2022-05-012023-04-3007922549bus:SmallCompaniesRegimeForAccounts2022-05-012023-04-3007922549bus:FRS1022022-05-012023-04-3007922549bus:AuditExemptWithAccountantsReport2022-05-012023-04-3007922549bus:FullAccounts2022-05-012023-04-30xbrli:purexbrli:sharesiso4217:GBP