Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-282022-03-01truefalsetrueproviding entertainment services22The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07897050 2022-03-01 2023-02-28 07897050 2021-03-01 2022-02-28 07897050 2023-02-28 07897050 2022-02-28 07897050 2021-03-01 07897050 c:Director1 2022-03-01 2023-02-28 07897050 d:PlantMachinery 2022-03-01 2023-02-28 07897050 d:PlantMachinery 2023-02-28 07897050 d:PlantMachinery 2022-02-28 07897050 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 07897050 d:MotorVehicles 2022-03-01 2023-02-28 07897050 d:MotorVehicles 2023-02-28 07897050 d:MotorVehicles 2022-02-28 07897050 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 07897050 d:FurnitureFittings 2022-03-01 2023-02-28 07897050 d:FurnitureFittings 2023-02-28 07897050 d:FurnitureFittings 2022-02-28 07897050 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 07897050 d:ComputerEquipment 2022-03-01 2023-02-28 07897050 d:ComputerEquipment 2023-02-28 07897050 d:ComputerEquipment 2022-02-28 07897050 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 07897050 d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 07897050 d:CurrentFinancialInstruments 2023-02-28 07897050 d:CurrentFinancialInstruments 2022-02-28 07897050 d:Non-currentFinancialInstruments 2023-02-28 07897050 d:Non-currentFinancialInstruments 2022-02-28 07897050 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 07897050 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 07897050 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 07897050 d:Non-currentFinancialInstruments d:AfterOneYear 2022-02-28 07897050 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-02-28 07897050 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-02-28 07897050 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-02-28 07897050 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-02-28 07897050 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-02-28 07897050 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-02-28 07897050 d:ShareCapital 2023-02-28 07897050 d:ShareCapital 2022-02-28 07897050 d:RetainedEarningsAccumulatedLosses 2023-02-28 07897050 d:RetainedEarningsAccumulatedLosses 2022-02-28 07897050 c:OrdinaryShareClass1 2022-03-01 2023-02-28 07897050 c:OrdinaryShareClass1 2023-02-28 07897050 c:OrdinaryShareClass1 2022-02-28 07897050 c:FRS102 2022-03-01 2023-02-28 07897050 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 07897050 c:FullAccounts 2022-03-01 2023-02-28 07897050 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 07897050 d:HirePurchaseContracts d:WithinOneYear 2023-02-28 07897050 d:HirePurchaseContracts d:WithinOneYear 2022-02-28 07897050 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-02-28 07897050 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-02-28 07897050 2 2022-03-01 2023-02-28 07897050 d:AcceleratedTaxDepreciationDeferredTax 2023-02-28 07897050 d:AcceleratedTaxDepreciationDeferredTax 2022-02-28 07897050 e:PoundSterling 2022-03-01 2023-02-28 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 07897050














JIM DAVIDSON PRODUCTIONS LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
JIM DAVIDSON PRODUCTIONS LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 9


 
JIM DAVIDSON PRODUCTIONS LIMITED
REGISTERED NUMBER:07897050

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
397,593
409,081

  
397,593
409,081

Current assets
  

Debtors: amounts falling due within one year
 6 
110,902
78,192

Cash at bank and in hand
 7 
37,290
62,584

  
148,192
140,776

Creditors: amounts falling due within one year
 8 
(73,638)
(70,728)

Net current assets
  
 
 
74,554
 
 
70,048

Total assets less current liabilities
  
472,147
479,129

Creditors: amounts falling due after more than one year
 9 
(174,678)
(186,638)

Provisions for liabilities
  

Deferred tax
 12 
(53,949)
(54,310)

  
 
 
(53,949)
 
 
(54,310)

Net assets
  
243,520
238,181


Capital and reserves
  

Called up share capital 
 13 
2
2

Profit and loss account
  
243,518
238,179

  
243,520
238,181


1

 
JIM DAVIDSON PRODUCTIONS LIMITED
REGISTERED NUMBER:07897050
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 February 2024.




J C Davidson
Director

The notes on pages 3 to 9 form part of these financial statements.

2

 
JIM DAVIDSON PRODUCTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Jim Davidson Productions Limited is a private company, limited by shares, registered in England and Wales, registration number 07897050. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE and the trading address is Lillie Cottage, Haughton Road, Stockbridge, Hants, SO20 6LE.
 
The principal activity of the company is providing entertainment services.
 
2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The company's functional and presentational currency is pound sterling.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises revenue recognised by the company in respect of the provision of entertainment supplied during the year.

 
2.3

Leased assets: the company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in the Profit and loss account in the same period as the related expenditure. Grants received in respect of Covid Job Retention scheme and interest on the Bounce Back Loan are included in other operating income.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

3

 
JIM DAVIDSON PRODUCTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.8

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.9

 Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporate tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.10

 Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

4

 
JIM DAVIDSON PRODUCTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)


2.10
 Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis and straight line method.

Depreciation is provided on the following basis:

Boat and fittings
-
10%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
25%
straight line
Computer equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

 Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.12

 Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.13

 Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

 Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.15

 Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

5

 
JIM DAVIDSON PRODUCTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

4.


Dividends

2023
2022
£
£


Dividends
40,000
104,800


5.


Tangible fixed assets





Boat and fittings
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost


At 1 March 2022
510,402
76,145
11,825
-
598,372


Additions
13,648
47,726
1,367
1,625
64,366


Disposals
-
(42,974)
-
-
(42,974)



At 28 February 2023

524,050
80,897
13,192
1,625
619,764



Depreciation


At 1 March 2022
156,747
26,098
6,447
-
189,292


Charge for the year on owned assets
35,804
18,331
1,974
104
56,213


Disposals
-
(23,334)
-
-
(23,334)



At 28 February 2023

192,551
21,095
8,421
104
222,171



Net book value



At 28 February 2023
331,499
59,802
4,771
1,521
397,593



At 28 February 2022
353,655
50,047
5,378
-
409,080

6

 
JIM DAVIDSON PRODUCTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

6.


Debtors

2023
2022
£
£


Trade debtors
2,700
-

Other debtors
85,606
3,698

Prepayments and accrued income
22,596
74,494

110,902
78,192




Included within other debtors is a loan to the director, amounting to £20,564 (2022 - £45 creditor). The highest amount the director owed the company during the year was £20,564. Interest totalling £63 (2022 - £155) was charged on the loan to the director at the official interest rate for the year.


7.


Cash

2023
2022
£
£

Cash at bank
37,290
62,584



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
22,990
22,334

Trade creditors
7,972
12,840

Corporation tax
13,481
12,242

Other taxation and social security
12,284
15,929

Obligations under finance lease and hire purchase contracts
11,811
5,886

Other creditors
-
47

Accruals
5,100
1,450

73,638
70,728


The bank loan of £11,251 (2022 - £11,251) included in creditors due within one year is a COVID Bounce Back Loan, 100% guaranteed by the government.
The bank loan of £11,739 (2022 - 11,082) included in creditors due within one year is a Close Brothers Loan.

7

 
JIM DAVIDSON PRODUCTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
139,288
161,477

Net obligations under finance leases and hire purchase contracts
35,390
25,161

174,678
186,638


The bank loan of £25,315 (2022 - 36,566) included in creditors due after one year is a COVID Bounce Back Loan, 100% guaranteed by the government.
The bank loan of £113,973 (2022 - 124,911) included in creditors due after one year is a Close Brother Loan.


10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
22,990
22,334

Amounts falling due 1-2 years

Bank loans
23,731
23,033

Amounts falling due 2-5 years

Bank loans
56,491
65,368

Amounts falling due after more than 5 years

Bank loans
59,066
73,076

162,278
183,811



11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
11,811
5,886

Between 1-5 years
35,390
25,161

47,201
31,047

8

 
JIM DAVIDSON PRODUCTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

12.


Deferred taxation




2023
2022


£

£






At beginning of year
(54,310)
(43,394)


Utilised in year
361
(10,916)



At end of year
(53,949)
(54,310)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(53,949)
(54,310)


13.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 (2022 - 2) Ordinary shares of £1.00 each
2
2



14.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £Nil (2022 - £400). Contributions totalling £Nil (2021 - £Nil) were payable to the fund at the balance sheet date and are included in other creditors.


15.


Related party transactions

At the balance sheet date, the director owed £20,564 to the company (2022 - £45 owed from the company) and is included in other debtors due within one year. The loan was repaid within 9 months of the year end.
Dividends totalling £20,000 (2022 - £52,400) were paid to the director during the year.
At the balance sheet date, an employee owed £30,176 to the company and is included in other debtors due within one year. Interest was charged on this loan at the official rate and the loan was repaid within 9 months of the year end.
 
9