Basa Productions Ltd 13291927 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is Sound recording and music publishing activities Digita Accounts Production Advanced 6.30.9574.0 true 13291927 2023-04-01 2024-03-31 13291927 2024-03-31 13291927 core:CurrentFinancialInstruments 2024-03-31 13291927 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 13291927 bus:SmallEntities 2023-04-01 2024-03-31 13291927 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 13291927 bus:FullAccounts 2023-04-01 2024-03-31 13291927 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13291927 bus:RegisteredOffice 2023-04-01 2024-03-31 13291927 bus:Director1 2023-04-01 2024-03-31 13291927 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13291927 countries:AllCountries 2023-04-01 2024-03-31 13291927 2022-04-01 2023-03-31 13291927 2023-03-31 13291927 core:CurrentFinancialInstruments 2023-03-31 13291927 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 13291927

Basa Productions Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Basa Productions Ltd

(Registration number: 13291927)

Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Debtors

3

19,631

10,046

Cash at bank and in hand

 

10,791

13,881

 

30,422

23,927

Creditors: Amounts falling due within one year

4

(29,929)

(23,801)

Net assets

 

493

126

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

393

26

Shareholders' funds

 

493

126

For the financial year ending 31 March 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 and the option not to file the Profit and Loss Account has been taken.

These financial statements, which 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 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the director on 9 April 2024
 

.........................................

Mr Jonathan Barker
Director

 

Basa Productions Ltd

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

1

Accounting policies

Basa Productions Ltd is a private company, limited by shares, domiciled in England and Wales, company number 13291927. The registered office is at Friars Court, St. John Street, Retford, Nottinghamshire, DN22 6JY, England.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the 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.

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.

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.

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.

 

Basa Productions Ltd

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

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.

2

Staff numbers

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

3

Debtors

2024
£

2023
£

Trade debtors

18,600

-

Other debtors

1,031

10,046

19,631

10,046

4

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

1,589

4,085

Taxation and social security

27,840

19,216

Accruals and deferred income

500

500

29,929

23,801