Maroon Productions Limited
Registered number: 03051864
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 21,861 23,077
Current assets
Debtors 4 380,485 229,393
Cash at bank and in hand 372,647 369,690
753,132 599,083
Creditors: amounts falling due within one year 5 (141,043) (33,657)
Net current assets 612,089 565,426
Net assets 633,950 588,503
Capital and reserves
Called up share capital 2 2
Profit and loss account 633,948 588,501
Shareholders' funds 633,950 588,503
The director are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Cooper-Blake
Director
Approved by the board on 21 February 2024
Maroon Productions Limited
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2022 72,078
Additions 4,705
At 31 May 2023 76,783
Depreciation
At 1 June 2022 49,001
Charge for the year 5,921
At 31 May 2023 54,922
Net book value
At 31 May 2023 21,861
At 31 May 2022 23,077
4 Debtors 2023 2022
£ £
Trade debtors 380,485 228,684
Other debtors - 709
380,485 229,393
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 9,000 -
Taxation and social security costs 86,128 27,577
Other creditors 45,915 6,080
141,043 33,657
6 Other information
Maroon Productions Limited is a private company limited by shares and incorporated in England. Its registered office is:
15 Lower Ground Floor
65 London Wall
London
EC2M 5TU
Place of business is:
Woodlawns Centre
16 Leigham Court Road
Streatham
London
SW16 2PJ
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