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Registered number: 8930321
Fred Smith Productions Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Julie Lucas Chartered Accountant
BA ACA
Woodhouse Farm
Anson Road
Poynton
Cheshire
SK12 1TD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 8930321
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 338 221
338 221
CURRENT ASSETS
Debtors 5 17,783 25,029
Cash at bank and in hand 13,502 1,585
31,285 26,614
Creditors: Amounts Falling Due Within One Year 6 (31,474 ) (26,696 )
NET CURRENT ASSETS (LIABILITIES) (189 ) (82 )
TOTAL ASSETS LESS CURRENT LIABILITIES 149 139
NET ASSETS 149 139
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 49 39
SHAREHOLDERS' FUNDS 149 139
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Andrew Brown
Director
04/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Fred Smith Productions Limited Registered number 8930321 is a limited by shares company incorporated in England & Wales. The Registered Office is 51 Malmesbury Road, London, E18 2NL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 33.3%
2.4. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2023 2,998
Additions 507
As at 31 March 2024 3,505
Depreciation
As at 1 April 2023 2,777
Provided during the period 390
As at 31 March 2024 3,167
Net Book Value
As at 31 March 2024 338
As at 1 April 2023 221
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Page 4
5. Debtors
2024 2023
£ £
Due within one year
Other taxes and social security 101 121
Director's loan account 11,542 18,768
11,643 18,889
Due after more than one year
Corporation tax recoverable assets 6,140 6,140
17,783 25,029
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 7,182 9,961
Corporation tax 15,235 9,656
VAT 8,057 6,079
Accruals and deferred income 1,000 1,000
31,474 26,696
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Andrew Brown 18,768 - 7,226 - 11,542
The above loan is unsecured, interest free and repayable on demand.
Dividends paid to directors
2024 2023
£ £
Mr Andrew Brown 22,700 18,150
9. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 45,400 36,300
10. Controlling Party
The company's controlling party is Andrew Brown by virtue of his ownership of 50% of the issued share capital in the company.
Page 4