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REGISTERED NUMBER: 10325361 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

BANG CASTING STUDIOS LIMITED

BANG CASTING STUDIOS LIMITED (REGISTERED NUMBER: 10325361)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BANG CASTING STUDIOS LIMITED

COMPANY INFORMATION
for the Year Ended 31 August 2023







DIRECTOR: Mrs S Simons





REGISTERED OFFICE: Ground Floor
8 Marylebone Passage
London
W1W 8EX





REGISTERED NUMBER: 10325361 (England and Wales)





ACCOUNTANTS: KNIGHT WHEELER LIMITED
Chartered Accountants
54 Sun Street
Waltham Abbey
Essex
EN9 1EJ

BANG CASTING STUDIOS LIMITED (REGISTERED NUMBER: 10325361)

BALANCE SHEET
31 August 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 87,035 44,692

CURRENT ASSETS
Debtors 5 169,980 145,771
Cash at bank 160,614 106,924
330,594 252,695
CREDITORS
Amounts falling due within one year 6 (110,756 ) (74,160 )
NET CURRENT ASSETS 219,838 178,535
TOTAL ASSETS LESS CURRENT
LIABILITIES

306,873

223,227

CREDITORS
Amounts falling due after more than one
year

7

(42,397

)

(48,688

)
NET ASSETS 264,476 174,539

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 264,475 174,538
264,476 174,539

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

BANG CASTING STUDIOS LIMITED (REGISTERED NUMBER: 10325361)

BALANCE SHEET - continued
31 August 2023


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 1 February 2024 and were signed by:





Mrs S Simons - Director


BANG CASTING STUDIOS LIMITED (REGISTERED NUMBER: 10325361)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Bang Casting Studios Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statement is the Pound Sterling (£) which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below.

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.
Improvements to property - 5% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 10% on cost
Computer equipment - 33% on cost

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.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

BANG CASTING STUDIOS LIMITED (REGISTERED NUMBER: 10325361)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 September 2022 49,451 75,830 - 1,013 126,294
Additions 43,731 1,340 7,966 4,091 57,128
At 31 August 2023 93,182 77,170 7,966 5,104 183,422
DEPRECIATION
At 1 September 2022 12,794 68,470 - 338 81,602
Charge for year 4,659 7,627 797 1,702 14,785
At 31 August 2023 17,453 76,097 797 2,040 96,387
NET BOOK VALUE
At 31 August 2023 75,729 1,073 7,169 3,064 87,035
At 31 August 2022 36,657 7,360 - 675 44,692

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 63,612 39,420
Other debtors 97,834 97,834
Prepayments 8,534 8,517
169,980 145,771

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 48,989 25,882
VAT 43,410 24,037
Directors' current accounts 18,357 24,241
110,756 74,160

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans more 5 yr by instal 42,397 48,688

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 42,397 48,688

BANG CASTING STUDIOS LIMITED (REGISTERED NUMBER: 10325361)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2023

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Between one and five years 186,000 279,000