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REGISTERED NUMBER: 09314039












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SOLID SPEED PRODUCTIONS LIMITED

SOLID SPEED PRODUCTIONS LIMITED (REGISTERED NUMBER: 09314039)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


SOLID SPEED PRODUCTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mr D Falangone





REGISTERED OFFICE: Flat 16, The Q Building
110 The Grove
Stratford
London
E15 1NR





REGISTERED NUMBER: 09314039





ACCOUNTANTS: Christiansons Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

SOLID SPEED PRODUCTIONS LIMITED (REGISTERED NUMBER: 09314039)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 6,358 2,350

CURRENT ASSETS
Debtors 5 38 -
Cash at bank 17,170 3,343
17,208 3,343
CREDITORS
Amounts falling due within one year 6 31,247 35,252
NET CURRENT LIABILITIES (14,039 ) (31,909 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(7,681

)

(29,559

)

PROVISIONS FOR LIABILITIES 1,590 671
NET LIABILITIES (9,271 ) (30,230 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (9,371 ) (30,330 )
SHAREHOLDERS' FUNDS (9,271 ) (30,230 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 18 July 2024 and were signed by:



Mr D Falangone - Director


SOLID SPEED PRODUCTIONS LIMITED (REGISTERED NUMBER: 09314039)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Solid Speed Productions Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

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 represents net sales of music publishing and production.

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 reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 1 (2022 - 1 ) .

SOLID SPEED PRODUCTIONS LIMITED (REGISTERED NUMBER: 09314039)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 23,574 440 1,500 25,514
Additions 6,128 - - 6,128
At 31 December 2023 29,702 440 1,500 31,642
DEPRECIATION
At 1 January 2023 21,262 402 1,500 23,164
Charge for year 2,110 10 - 2,120
At 31 December 2023 23,372 412 1,500 25,284
NET BOOK VALUE
At 31 December 2023 6,330 28 - 6,358
At 31 December 2022 2,312 38 - 2,350

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
VAT 38 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts - 667
Trade creditors - 371
Taxation and social security 41 170
Other creditors 31,206 34,044
31,247 35,252

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mr D Falangone.