Company Registration No. 11600990 (England and Wales)
Pitch Productions Ltd
Unaudited accounts
for the year ended 31 October 2023
Pitch Productions Ltd
Unaudited accounts
Contents
Pitch Productions Ltd
Company Information
for the year ended 31 October 2023
Director
Robert Matthew Brierley
Company Number
11600990 (England and Wales)
Registered Office
136 Hall Street
Stockport
Greater Manchester
SK1 4HE
Accountants
Bee Motion Accounting Limited
136 Hall Street
Stockport
Greater Manchester
SK1 4HE
Pitch Productions Ltd
Statement of financial position
as at 31 October 2023
Tangible assets
6,966
1,233
Cash at bank and in hand
22,485
3,486
Creditors: amounts falling due within one year
(23,490)
(58,926)
Net current assets/(liabilities)
2,255
(44,664)
Total assets less current liabilities
9,221
(43,431)
Creditors: amounts falling due after more than one year
(9,647)
(11,693)
Net liabilities
(426)
(55,124)
Called up share capital
100
100
Profit and loss account
(526)
(55,224)
Shareholders' funds
(426)
(55,124)
For the year ending 31 October 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 director acknowledges his 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 and authorised for issue on 23 November 2023 and were signed on its behalf by
Robert Matthew Brierley
Director
Company Registration No. 11600990
Pitch Productions Ltd
Notes to the Accounts
for the year ended 31 October 2023
Pitch Productions Ltd is a private company, limited by shares, registered in England and Wales, registration number 11600990. The registered office is 136 Hall Street, Stockport, Greater Manchester, SK1 4HE.
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 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 £.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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 sale of goods and/or services.
a) Sale of goods
Revenue from the sale of goods is recognised when the entity has delivered the products to the customer, the customer has accepted the products and collectability of the related receivables is reasonably assured.
b) 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
Pitch Productions Ltd
Notes to the Accounts
for the year ended 31 October 2023
Taxation expense for the period comprises current and deferred tax recognised in the reporting period. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case tax is also recognised in other comprehensive income or directly in equity respectively.
Current tax is the amount of income tax payable in respect of the taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end. Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes provisions where appropriate on the basis of amounts expected to be paid to the tax authorities.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company has considerable financial resources together with contracts with a number of clients. The director believes that the company is well placed to manage its business risks successfully.
After making enquiries, the director has reasonable expectations that the company has adequate resources to continue in operational existence for a period of at least twelve months and for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report.
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Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2022
-
6,083
-
6,083
Additions
6,019
-
1,642
7,661
At 31 October 2023
6,019
6,083
1,642
13,744
At 1 November 2022
-
4,850
-
4,850
Charge for the year
502
1,233
193
1,928
At 31 October 2023
502
6,083
193
6,778
At 31 October 2023
5,517
-
1,449
6,966
At 31 October 2022
-
1,233
-
1,233
Finished goods
2,000
1,500
Pitch Productions Ltd
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
Accrued income and prepayments
-
503
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
4,031
3,981
Trade creditors
389
38,611
Loans from directors
16,397
1,745
8
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 1 (2022: 1).