AR12 Productions Ltd 11783646 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is that of Support activities to performing arts Digita Accounts Production Advanced 6.30.9574.0 true true 11783646 2023-02-01 2024-01-31 11783646 2024-01-31 11783646 bus:Director1 1 2024-01-31 11783646 bus:OrdinaryShareClass1 bus:OtherShareType 2024-01-31 11783646 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-01-31 11783646 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-01-31 11783646 core:CurrentFinancialInstruments 2024-01-31 11783646 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 11783646 core:Non-currentFinancialInstruments 2024-01-31 11783646 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 11783646 core:MotorVehicles 2024-01-31 11783646 core:PlantMachinery 2024-01-31 11783646 bus:SmallEntities 2023-02-01 2024-01-31 11783646 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 11783646 bus:FullAccounts 2023-02-01 2024-01-31 11783646 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 11783646 bus:RegisteredOffice 2023-02-01 2024-01-31 11783646 bus:Director1 2023-02-01 2024-01-31 11783646 bus:Director1 1 2023-02-01 2024-01-31 11783646 bus:OrdinaryShareClass1 bus:OtherShareType 2023-02-01 2024-01-31 11783646 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11783646 core:MotorVehicles 2023-02-01 2024-01-31 11783646 core:PlantMachinery 2023-02-01 2024-01-31 11783646 countries:England 2023-02-01 2024-01-31 11783646 2023-01-31 11783646 bus:Director1 1 2023-01-31 11783646 core:MotorVehicles 2023-01-31 11783646 core:PlantMachinery 2023-01-31 11783646 2022-02-01 2023-01-31 11783646 2023-01-31 11783646 bus:OrdinaryShareClass1 bus:OtherShareType 2023-01-31 11783646 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-01-31 11783646 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-01-31 11783646 core:CurrentFinancialInstruments 2023-01-31 11783646 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 11783646 core:Non-currentFinancialInstruments 2023-01-31 11783646 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 11783646 core:MotorVehicles 2023-01-31 11783646 core:PlantMachinery 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11783646

AR12 Productions Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2024

 

AR12 Productions Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

AR12 Productions Ltd

Company Information

Director

Mr A Huggins

Registered office

The Mill
Pury Hill Business Park
Alderton Road
Towcester
NN12 7LS

Accountants

KRW Accountants Ltd
The Mill
Pury Hill Business Park
Alderton Road
Towcester
NN12 7LS

 

AR12 Productions Ltd

(Registration number: 11783646)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

47,298

56,188

Current assets

 

Debtors

5

19,952

1,966

Cash at bank and in hand

 

35,650

41,879

 

55,602

43,845

Creditors: Amounts falling due within one year

6

(13,430)

(9,204)

Net current assets

 

42,172

34,641

Total assets less current liabilities

 

89,470

90,829

Creditors: Amounts falling due after more than one year

6

(45,015)

(51,199)

Net assets

 

44,455

39,630

Capital and reserves

 

Called up share capital

100

100

Retained earnings

44,355

39,530

Shareholders' funds

 

44,455

39,630

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 March 2024
 

.........................................
Mr A Huggins
Director

 

AR12 Productions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
The Mill
Pury Hill Business Park
Alderton Road
Towcester
NN12 7LS

These financial statements were authorised for issue by the director on 22 March 2024.

The company registration number is 11783646

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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' 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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current 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 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 taxable income.

 

AR12 Productions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

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

Plant and machinery

25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. The company subsequently considers the recoverable value of the trade debtors. When assessing impairment of trade debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to the profit and loss account on a straight line basis.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

AR12 Productions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Tangible assets

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 February 2023

2,981

60,245

63,226

At 31 January 2024

2,981

60,245

63,226

Depreciation

At 1 February 2023

2,018

5,020

7,038

Charge for the year

481

8,409

8,890

At 31 January 2024

2,499

13,429

15,928

Carrying amount

At 31 January 2024

482

46,816

47,298

At 31 January 2023

963

55,225

56,188

5

Debtors

Current

2024
£

2023
£

Trade debtors

-

1,757

Prepayments

1,527

-

Other debtors

18,425

209

 

19,952

1,966

 

AR12 Productions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

6,125

6,125

Taxation and social security

 

6,853

118

Accruals and deferred income

 

452

408

Other creditors

 

-

2,553

 

13,430

9,204

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

45,015

51,199

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

         
 

AR12 Productions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

8

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

3,578

5,778

Hire purchase contracts

41,437

45,421

45,015

51,199

2024
£

2023
£

Current loans and borrowings

Bank borrowings

2,200

2,200

Hire purchase contracts

3,925

3,925

6,125

6,125

9

Related party transactions

Transactions with the director

2024

At 1 February 2023
£

Advances to director
£

At 31 January 2024
£

Mr A Huggins

-

8,376

8,376