Company Registration No. NI603902 (Northern Ireland)
KA-BOOM PRODUCTIONS LIMITED
Unaudited accounts
for the year ended 31 July 2023
KA-BOOM PRODUCTIONS LIMITED
Statement of financial position
as at 31 July 2023
Tangible assets
88,006
117,342
Cash at bank and in hand
34,351
85,070
Creditors: amounts falling due within one year
(407,067)
(310,812)
Net current liabilities
(66,611)
(101,900)
Called up share capital
4
4
Profit and loss account
21,391
15,438
Shareholders' funds
21,395
15,442
For the year ending 31 July 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 23 April 2024 and were signed on its behalf by
Zach Willis
Director
Company Registration No. NI603902
KA-BOOM PRODUCTIONS LIMITED
Notes to the Accounts
for the year ended 31 July 2023
KA-BOOM PRODUCTIONS LIMITED is a private company, limited by shares, registered in Northern Ireland, registration number NI603902. The registered office is Unit 17a, Weavers Court Linfield Industrial, Linfield Road, Belfast, BT12 5GH, Northern Ireland.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of production services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The directors believe that the company Ka-Boom Productions Limited has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least 12 months from the date of approval of the financial statements. Accordingly, the company continues to adopt the going concern basis in preparation of its financial statements.
KA-BOOM PRODUCTIONS LIMITED
Notes to the Accounts
for the year ended 31 July 2023
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 August 2022
13,005
411,836
424,841
At 31 July 2023
13,005
411,836
424,841
At 1 August 2022
8,891
298,608
307,499
Charge for the year
1,029
28,307
29,336
At 31 July 2023
9,920
326,915
336,835
At 31 July 2023
3,085
84,921
88,006
At 31 July 2022
4,114
113,228
117,342
Amounts falling due within one year
Trade debtors
298,444
116,181
Amounts due from group undertakings etc.
7,661
7,661
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
114,414
141,672
Obligations under finance leases and hire purchase contracts
-
7,079
Trade creditors
204,861
103,674
Taxes and social security
48,421
23,119
Loans from directors
99
18,099
Allotted, called up and fully paid:
1 A Ordinary shares of £1 each
1
1
1 B Ordinary shares of £1 each
1
1
1 C Ordinary shares of £1 each
1
1
1 D Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 10 (2022: 10).