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REGISTERED NUMBER: 09553298 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Off the Wall Entertainment Ltd.

Off the Wall Entertainment Ltd. (Registered number: 09553298)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Off the Wall Entertainment Ltd.

Company Information
for the Year Ended 30 April 2023







DIRECTORS: Mr M J Morris
Mrs G L Morris





REGISTERED OFFICE: 15 The Mount
Uckfield
East Sussex
TN22 1DD





REGISTERED NUMBER: 09553298 (England and Wales)





ACCOUNTANTS: Always Accounting Limited
8A-8B Millbrook Industrial Estate
Sybron Way
Crowborough
East Sussex
TN6 3DZ

Off the Wall Entertainment Ltd. (Registered number: 09553298)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 204 238
Tangible assets 5 11,789 16,284
11,993 16,522

CURRENT ASSETS
Debtors 6 7,168 6,796
Cash at bank 6,430 8,926
13,598 15,722
CREDITORS
Amounts falling due within one year 7 12,790 11,145
NET CURRENT ASSETS 808 4,577
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,801

21,099

CREDITORS
Amounts falling due after more than one year 8 8,937 13,704
NET ASSETS 3,864 7,395

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 3,862 7,393
3,864 7,395

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 January 2024 and were signed on its behalf by:





Mr M J Morris - Director


Off the Wall Entertainment Ltd. (Registered number: 09553298)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Off the Wall Entertainment Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income is recognised when the service has been provided and the contract has been completed.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trade marks are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Off the Wall Entertainment Ltd. (Registered number: 09553298)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. INTANGIBLE FIXED ASSETS
Trade
marks
£   
COST
At 1 May 2022
and 30 April 2023 340
AMORTISATION
At 1 May 2022 102
Amortisation for year 34
At 30 April 2023 136
NET BOOK VALUE
At 30 April 2023 204
At 30 April 2022 238

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 May 2022 20,454 9,995 6,228 36,677
Additions 1,101 1,084 575 2,760
At 30 April 2023 21,555 11,079 6,803 39,437
DEPRECIATION
At 1 May 2022 10,784 5,448 4,162 20,394
Charge for year 4,481 1,796 977 7,254
At 30 April 2023 15,265 7,244 5,139 27,648
NET BOOK VALUE
At 30 April 2023 6,290 3,835 1,664 11,789
At 30 April 2022 9,670 4,547 2,066 16,283

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 6,981 6,689
Tax 7 7
Prepayments 180 100
7,168 6,796

Off the Wall Entertainment Ltd. (Registered number: 09553298)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 3,000 3,000
Tax 4,444 2,591
Deferred tax 2,806 2,869
Directors' current accounts 980 1,123
Accruals and deferred income 1,512 1,514
Accrued expenses 48 48
12,790 11,145

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans - 1-2 years 6,000 6,000
Bank loans - 2-5 years 471 3,389
Other creditors 2,466 4,315
8,937 13,704

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2023 and 30 April 2022:

30.4.23 30.4.22
£    £   
Mr M J Morris
Balance outstanding at start of year 561 312
Amounts advanced 759 393
Amounts repaid (830 ) (144 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 490 561

Mrs G L Morris
Balance outstanding at start of year 561 312
Amounts advanced 759 393
Amounts repaid (830 ) (144 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 490 561