Registered number
07074590
Megan & Isaac Post Production Ltd
Report and Accounts
31 December 2023
Megan & Isaac Post Production Ltd
Report to the director on the preparation of the unaudited statutory accounts of Megan & Isaac Post Production Ltd for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Megan & Isaac Post Production Ltd for the year ended 31 December 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Coalesco Accountants Limited
Chartered Certified Accountants
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
23 July 2024
Megan & Isaac Post Production Ltd
Registered number: 07074590
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 4,132 2,908
Current assets
Debtors 4 11,930 10
Cash at bank and in hand 44,938 33,489
56,868 33,499
Creditors: amounts falling due within one year 5 (24,372) (11,220)
Net current assets 32,496 22,279
Net assets 36,628 25,187
Capital and reserves
Called up share capital 10 10
Profit and loss account 36,618 25,177
Shareholders' funds 36,628 25,187
The director is 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 director acknowledges his 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.
D W Birkill
Director
Approved by the board on 23 July 2024
Megan & Isaac Post Production Ltd
Notes to the Accounts
for the year ended 31 December 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.
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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:
Office Equipment 25% reducing balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 18,973
Additions 2,602
At 31 December 2023 21,575
Depreciation
At 1 January 2023 16,065
Charge for the year 1,378
At 31 December 2023 17,443
Net book value
At 31 December 2023 4,132
At 31 December 2022 2,908
4 Debtors 2023 2022
£ £
Trade debtors 11,920 -
Other debtors 10 10
11,930 10
5 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 12,460 10,752
Other taxes and social security costs 11,401 -
Other creditors 511 468
24,372 11,220
6 Other information
Megan & Isaac Post Production Ltd is a private company limited by shares and incorporated in England. Its registered office is:
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
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