Company registration number 11339078 (England and Wales)
ATO PRODUCTIONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
PAGES FOR FILING WITH REGISTRAR
ATO PRODUCTIONS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
ATO PRODUCTIONS LIMITED
BALANCE SHEET
AS AT
31 MAY 2023
31 May 2023
- 1 -
2023
2022
AMENDED
Notes
£
£
£
£
Current assets
Debtors
12,116
24,809
Cash at bank and in hand
83,635
40,395
95,751
65,204
Creditors: amounts falling due within one year
(59,683)
(48,775)
Net current assets
36,068
16,429
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
35,968
16,329
Total equity
36,068
16,429

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 20 February 2024
Mr D Farmer
Director
Company registration number 11339078 (England and Wales)
ATO PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
- 2 -
1
Accounting policies
Company information

Ato Productions Limited is a private company limited by shares incorporated in England and Wales. The registered office is Studio 133, Canalot Studios, 222 Kensal Road, London, England, W10 5BN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.3
Taxation

The tax expense represents the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.4

Prior year adjustment

Additional dividends have been declared as at 5th April 2022 amounting £16,000. No other adjustments have been made to impact the Profit and loss for last year.

ATO PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
1
2023-05-312022-06-01false20 February 2024CCH SoftwareCCH Accounts Production 2023.200No description of principal activityMr Doren Farmer113390782022-06-012023-05-31113390782023-05-31113390782022-05-3111339078core:CurrentFinancialInstrumentscore:WithinOneYear2023-05-3111339078core:CurrentFinancialInstrumentscore:WithinOneYear2022-05-3111339078core:ShareCapital2023-05-3111339078core:ShareCapital2022-05-3111339078core:RetainedEarningsAccumulatedLosses2023-05-3111339078core:RetainedEarningsAccumulatedLosses2022-05-3111339078bus:Director12022-06-012023-05-31113390782021-06-012022-05-3111339078bus:PrivateLimitedCompanyLtd2022-06-012023-05-3111339078bus:SmallCompaniesRegimeForAccounts2022-06-012023-05-3111339078bus:FRS1022022-06-012023-05-3111339078bus:AuditExempt-NoAccountantsReport2022-06-012023-05-3111339078bus:FullAccounts2022-06-012023-05-31xbrli:purexbrli:sharesiso4217:GBP