7 false false false false false false false false false true false false false false false false No description of principal activity 2022-09-01 Sage Accounts Production Advanced 2021 - FRS102_2021 3,620 2,172 362 2,534 1,086 1,448 xbrli:pure xbrli:shares iso4217:GBP SC513515 2022-09-01 2023-08-31 SC513515 2023-08-31 SC513515 2022-08-31 SC513515 2021-09-01 2022-08-31 SC513515 2022-08-31 SC513515 core:PatentsTrademarksLicencesConcessionsSimilar 2022-09-01 2023-08-31 SC513515 core:FurnitureFittings 2022-09-01 2023-08-31 SC513515 core:MotorVehicles 2022-09-01 2023-08-31 SC513515 bus:Director1 2022-09-01 2023-08-31 SC513515 core:PatentsTrademarksLicencesConcessionsSimilar 2022-08-31 SC513515 core:PatentsTrademarksLicencesConcessionsSimilar 2023-08-31 SC513515 core:FurnitureFittings 2022-08-31 SC513515 core:MotorVehicles 2022-08-31 SC513515 core:LandBuildings 2023-08-31 SC513515 core:FurnitureFittings 2023-08-31 SC513515 core:MotorVehicles 2023-08-31 SC513515 core:LandBuildings 2022-09-01 2023-08-31 SC513515 core:WithinOneYear 2023-08-31 SC513515 core:WithinOneYear 2022-08-31 SC513515 core:ShareCapital 2023-08-31 SC513515 core:ShareCapital 2022-08-31 SC513515 core:RetainedEarningsAccumulatedLosses 2023-08-31 SC513515 core:RetainedEarningsAccumulatedLosses 2022-08-31 SC513515 core:PatentsTrademarksLicencesConcessionsSimilar 2022-08-31 SC513515 core:FurnitureFittings 2022-08-31 SC513515 core:MotorVehicles 2022-08-31 SC513515 bus:Director1 2022-08-31 SC513515 bus:Director1 2023-08-31 SC513515 bus:Director1 2021-08-31 SC513515 bus:Director1 2022-08-31 SC513515 bus:Director1 2021-09-01 2022-08-31 SC513515 bus:SmallEntities 2022-09-01 2023-08-31 SC513515 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 SC513515 bus:FullAccounts 2022-09-01 2023-08-31 SC513515 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 SC513515 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31
COMPANY REGISTRATION NUMBER: SC513515
Mallard Video Productions Limited
Filleted Unaudited Financial Statements
31 August 2023
Mallard Video Productions Limited
Statement of Financial Position
31 August 2023
2023
2022
Note
£
£
Fixed assets
Intangible assets
5
1,086
1,448
Tangible assets
6
438,541
120,654
------------
------------
439,627
122,102
Current assets
Stocks
5,000
5,000
Debtors
7
249,120
131,553
Cash at bank and in hand
138,526
366,261
------------
------------
392,646
502,814
Creditors: amounts falling due within one year
8
( 380,962)
( 272,298)
------------
------------
Net current assets
11,684
230,516
------------
------------
Total assets less current liabilities
451,311
352,618
------------
------------
Net assets
451,311
352,618
------------
------------
Mallard Video Productions Limited
Statement of Financial Position (continued)
31 August 2023
2023
2022
Note
£
£
Capital and reserves
Called up share capital
1
1
Profit and loss account
451,310
352,617
------------
------------
Shareholders funds
451,311
352,618
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the 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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 6 October 2023 , and are signed on behalf of the board by:
Mr S A Johnson
Director
Company registration number: SC513515
Mallard Video Productions Limited
Notes to the Financial Statements
Year ended 31 August 2023
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is The Farmhouse, 69 Queen Elizabeth Avenue, Hillington Park, Glasgow, G52 4NQ, Scotland.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Patents
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
20% reducing balance
Motor vehicles
-
25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 7 (2022: 7 ).
5. Intangible assets
Patents, trademarks and licences
£
Cost
At 1 September 2022 and 31 August 2023
3,620
------------
Amortisation
At 1 September 2022
2,172
Charge for the year
362
------------
At 31 August 2023
2,534
------------
Carrying amount
At 31 August 2023
1,086
------------
At 31 August 2022
1,448
------------
6. Tangible assets
Land and buildings
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 September 2022
205,596
39,628
245,224
Additions
304,217
48,383
352,600
------------
------------
------------
------------
At 31 August 2023
304,217
253,979
39,628
597,824
------------
------------
------------
------------
Depreciation
At 1 September 2022
103,764
20,806
124,570
Charge for the year
30,007
4,706
34,713
------------
------------
------------
------------
At 31 August 2023
133,771
25,512
159,283
------------
------------
------------
------------
Carrying amount
At 31 August 2023
304,217
120,208
14,116
438,541
------------
------------
------------
------------
At 31 August 2022
101,832
18,822
120,654
------------
------------
------------
------------
7. Debtors
2023
2022
£
£
Trade debtors
245,820
128,734
Other debtors
3,300
2,819
------------
------------
249,120
131,553
------------
------------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
620
Corporation tax
30,587
30,784
Social security and other taxes
58,610
44,494
Other creditors
291,765
196,400
------------
------------
380,962
272,298
------------
------------
9. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr S A Johnson
( 183,185)
( 104,809)
( 287,994)
------------
------------
------------
2022
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr S A Johnson
( 152,164)
( 31,021)
( 183,185)
------------
------------
------------