Systir Productions Ltd |
Notes to the Accounts |
for the year ended 31 May 2023 |
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1 |
Accounting policies |
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Basis of preparation |
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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). |
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Tangible fixed assets |
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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: |
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Plant and machinery |
25% straight line |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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2 |
Employees |
2023 |
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2022 |
Number |
Number |
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Average number of persons employed by the company |
2 |
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2 |
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3 |
Tangible fixed assets |
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Plant and machinery etc |
£ |
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Cost |
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At 1 June 2022 |
1,498 |
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At 31 May 2023 |
1,498 |
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Depreciation |
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At 1 June 2022 |
1,498 |
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At 31 May 2023 |
1,498 |
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Net book value |
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At 31 May 2023 |
- |
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4 |
Debtors |
2023 |
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2022 |
£ |
£ |
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Other debtors |
371 |
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- |
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5 |
Reserves |
2023 |
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2022 |
£ |
£ |
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Profit and loss account b/fwd |
(122,151) |
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(120,261) |
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Profit for the year |
(4,425) |
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(1,890) |
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Capital contribution reserve b/fwd |
122,056 |
|
120,235 |
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Capital contribution reserve movement |
4,967 |
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1,821 |
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447 |
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(95) |
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6 |
Other information |
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Systir Productions Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
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41 Whitcomb Street |
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C/O Pophub |
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London |
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WC2H 7DT |