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Registration number: 07973727

Steelworks Stage Productions Limited

Unaudited Financial Statements

for the Year Ended 31 August 2023

 

Steelworks Stage Productions Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Steelworks Stage Productions Limited

Company Information

Directors

Mr Paul Richard Steel

Miss Emma Louise Jones

Registered office

The Studio Masterson Street
Fenton
Stoke On Trent
Staffordshire
ST4 3QA

Accountants

Alextra Group Limited
Chartered Certified Accountants
7-9 Macon Court
Crewe
Cheshire
CW1 6EA

 

Steelworks Stage Productions Limited

(Registration number: 07973727)
Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

436

224

Current assets

 

Debtors

6

964

592

Cash at bank and in hand

 

16,139

24,994

 

17,103

25,586

Creditors: Amounts falling due within one year

7

(14,894)

(9,447)

Net current assets

 

2,209

16,139

Total assets less current liabilities

 

2,645

16,363

Provisions for liabilities

(40)

-

Net assets

 

2,605

16,363

Capital and reserves

 

Called up share capital

4

4

Retained earnings

2,601

16,359

Shareholders' funds

 

2,605

16,363

For the financial year ending 31 August 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 January 2024 and signed on its behalf by:
 

 

Steelworks Stage Productions Limited

(Registration number: 07973727)
Balance Sheet as at 31 August 2023

.........................................
Mr Paul Richard Steel
Director

 

Steelworks Stage Productions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 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:
The Studio Masterson Street
Fenton
Stoke On Trent
Staffordshire
ST4 3QA

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

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

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.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Steelworks Stage Productions Limited

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

Tax

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

The current 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:

Asset class

Depreciation method and rate

Fixtures & fittings

20% reducing balance method

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 2).

 

Steelworks Stage Productions Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 September 2022

280

280

Additions

335

335

At 31 August 2023

615

615

Depreciation

At 1 September 2022

56

56

Charge for the year

123

123

At 31 August 2023

179

179

Carrying amount

At 31 August 2023

436

436

At 31 August 2022

224

224

5

Stocks

2023
£

2022
£

6

Debtors

Current

2023
£

2022
£

Trade debtors

-

592

Prepayments

964

-

 

964

592

7

Creditors

Creditors: amounts falling due within one year

 

Steelworks Stage Productions Limited

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

2023
£

2022
£

Due within one year

Taxation and social security

-

3,167

Accruals and deferred income

705

705

Other creditors

14,189

5,575

14,894

9,447