Company Registration No. 08979971 (England and Wales)
IT'S SHOWTIME LIMITED
Unaudited accounts
for the year ended 31 March 2024
IT'S SHOWTIME LIMITED
Unaudited accounts
Contents
IT'S SHOWTIME LIMITED
Company Information
for the year ended 31 March 2024
Company Number
08979971 (England and Wales)
Registered Office
4 OLD BUDBROOKE ROAD
HAMPTON MAGNA
WARWICK
CV35 8RS
ENGLAND
Accountants
Accounts and Returns Ltd
26 Smith St
Warwick
CV34 4HS
IT'S SHOWTIME LIMITED
Statement of financial position
as at 31 March 2024
Tangible assets
4,382
2,721
Cash at bank and in hand
84,353
71,920
Creditors: amounts falling due within one year
(16,090)
(14,147)
Net current assets
68,263
57,773
Called up share capital
1
1
Profit and loss account
72,644
60,493
Shareholders' funds
72,645
60,494
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 April 2024 and were signed on its behalf by
Victoria Hosking
Director
Company Registration No. 08979971
IT'S SHOWTIME LIMITED
Notes to the Accounts
for the year ended 31 March 2024
IT'S SHOWTIME LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08979971. The registered office is 4 OLD BUDBROOKE ROAD, HAMPTON MAGNA, WARWICK, CV35 8RS, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2023
4,074
6,200
10,274
At 31 March 2024
7,198
6,200
13,398
At 1 April 2023
2,825
4,728
7,553
Charge for the year
1,094
369
1,463
At 31 March 2024
3,919
5,097
9,016
At 31 March 2024
3,279
1,103
4,382
At 31 March 2023
1,249
1,472
2,721
IT'S SHOWTIME LIMITED
Notes to the Accounts
for the year ended 31 March 2024
5
Creditors: amounts falling due within one year
2024
2023
Trade creditors
1,098
1,092
Taxes and social security
13,830
11,958
Loans from directors
1,162
1,097
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
7
Transactions with related parties
During the year, the company received a loan of £64 from a member of key management personnel. The loan is to be repaid on demand and interest-free. At the balance sheet date, the total loan of £1162 was still outstanding and is presented within creditors: amounts falling due within one year.
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).