Caseware UK (AP4) 2022.0.179 2022.0.179 2022-11-302022-11-30equipment hire to film and TV industry and provision of other related services to Film industrytrue2021-12-01false22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05986186 2021-12-01 2022-11-30 05986186 2020-12-01 2021-11-30 05986186 2022-11-30 05986186 2021-11-30 05986186 c:Director1 2021-12-01 2022-11-30 05986186 d:PlantMachinery 2021-12-01 2022-11-30 05986186 d:PlantMachinery 2022-11-30 05986186 d:PlantMachinery 2021-11-30 05986186 d:PlantMachinery d:OwnedOrFreeholdAssets 2021-12-01 2022-11-30 05986186 d:MotorVehicles 2021-12-01 2022-11-30 05986186 d:MotorVehicles 2022-11-30 05986186 d:MotorVehicles 2021-11-30 05986186 d:MotorVehicles d:OwnedOrFreeholdAssets 2021-12-01 2022-11-30 05986186 d:OfficeEquipment 2021-12-01 2022-11-30 05986186 d:OfficeEquipment 2022-11-30 05986186 d:OfficeEquipment 2021-11-30 05986186 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-12-01 2022-11-30 05986186 d:OwnedOrFreeholdAssets 2021-12-01 2022-11-30 05986186 d:CurrentFinancialInstruments 2022-11-30 05986186 d:CurrentFinancialInstruments 2021-11-30 05986186 d:Non-currentFinancialInstruments 2022-11-30 05986186 d:Non-currentFinancialInstruments 2021-11-30 05986186 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 05986186 d:CurrentFinancialInstruments d:WithinOneYear 2021-11-30 05986186 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 05986186 d:Non-currentFinancialInstruments d:AfterOneYear 2021-11-30 05986186 d:ShareCapital 2022-11-30 05986186 d:ShareCapital 2021-11-30 05986186 d:RetainedEarningsAccumulatedLosses 2022-11-30 05986186 d:RetainedEarningsAccumulatedLosses 2021-11-30 05986186 c:OrdinaryShareClass1 2021-12-01 2022-11-30 05986186 c:OrdinaryShareClass1 2022-11-30 05986186 c:OrdinaryShareClass1 2021-11-30 05986186 c:FRS102 2021-12-01 2022-11-30 05986186 c:AuditExempt-NoAccountantsReport 2021-12-01 2022-11-30 05986186 c:FullAccounts 2021-12-01 2022-11-30 05986186 c:PrivateLimitedCompanyLtd 2021-12-01 2022-11-30 05986186 d:HirePurchaseContracts d:WithinOneYear 2022-11-30 05986186 d:HirePurchaseContracts d:WithinOneYear 2021-11-30 05986186 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-11-30 05986186 d:HirePurchaseContracts d:BetweenOneFiveYears 2021-11-30 05986186 d:AcceleratedTaxDepreciationDeferredTax 2022-11-30 05986186 d:AcceleratedTaxDepreciationDeferredTax 2021-11-30 05986186 2 2021-12-01 2022-11-30 05986186 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-11-30 05986186 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2021-11-30 05986186 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-11-30 05986186 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2021-11-30 05986186 d:LeasedAssetsHeldAsLessee 2022-11-30 05986186 d:LeasedAssetsHeldAsLessee 2021-11-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 05986186














THE STAGE SCENERY CO LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

 
THE STAGE SCENERY CO LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 7


 
THE STAGE SCENERY CO LIMITED
REGISTERED NUMBER:05986186

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
399,063
275,020

  
399,063
275,020

Current assets
  

Debtors: amounts falling due within one year
 5 
207,744
122,344

Cash at bank and in hand
  
659,084
637,349

  
866,828
759,693

Creditors: amounts falling due within one year
 6 
(135,681)
(111,867)

Net current assets
  
 
 
731,147
 
 
647,826

Total assets less current liabilities
  
1,130,210
922,846

Creditors: amounts falling due after more than one year
 7 
(71,737)
(2,917)

Provisions for liabilities
  

Deferred tax
 9 
(75,822)
(52,255)

  
 
 
(75,822)
 
 
(52,255)

Net assets
  
982,651
867,674


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
982,551
867,574

  
982,651
867,674


Page 1

 
THE STAGE SCENERY CO LIMITED
REGISTERED NUMBER:05986186
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 November 2023.




P Hayes
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
THE STAGE SCENERY CO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

1.


General information

The Stage Scenery Co Limited is a limited liability company incorporated in England and Wales with its registered office at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.

The principal activity of the company was that of equipment hire to the Film and TV industries, and the provision of other related services to the film industry.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided on the following basis:

Plant & machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Office equipment
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

 
2.4

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

 
2.6

Creditors

Short term creditors are measured at the transaction price.

Page 3

 
THE STAGE SCENERY CO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

2.Accounting policies (continued)

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.9

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.10

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2021 - 2).

Page 4

 
THE STAGE SCENERY CO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

4.


Tangible fixed assets





Plant & machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 December 2021
514,199
-
15,224
529,423


Additions
142,994
112,015
2,055
257,064



At 30 November 2022

657,193
112,015
17,279
786,487



Depreciation


At 1 December 2021
246,602
-
7,801
254,403


Charge for the year on owned assets
102,648
28,004
2,369
133,021



At 30 November 2022

349,250
28,004
10,170
387,424



Net book value



At 30 November 2022
307,943
84,011
7,109
399,063



At 30 November 2021
267,597
-
7,423
275,020

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2022
2021
£
£



Plant and machinery
14,743
19,657

Motor vehicle
84,011
-

98,754
19,657


5.


Debtors

2022
2021
£
£


Trade debtors
202,783
89,252

Prepayments and accrued income
4,961
33,092

207,744
122,344


Page 5

 
THE STAGE SCENERY CO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
9,164
36,798

Taxation and social security
75,287
33,537

Obligations under finance lease and hire purchase contracts
16,808
8,752

Other creditors
31,972
30,357

Accruals and deferred income
2,450
2,423

135,681
111,867



7.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Net obligations under finance leases and hire purchase contracts
71,737
2,917



8.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2022
2021
£
£


Within one year
16,808
8,752

Between 1-5 years
71,735
2,917

88,543
11,669

Page 6

 
THE STAGE SCENERY CO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

9.


Deferred taxation




2022


£






At beginning of year
(52,254)


Charged to profit or loss
(23,568)



At end of year
(75,822)

The provision for deferred taxation is made up as follows:

2022
2021
£
£


Accelerated capital allowances
(75,822)
(52,254)

(75,822)
(52,254)


10.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



100 (2021 - 100) Ordinary shares of £1 each
100
100


 
Page 7