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REGISTERED NUMBER: 07616394 (England and Wales)















SKY 7 PRODUCTIONS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






SKY 7 PRODUCTIONS LTD (Registered number: 07616394)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SKY 7 PRODUCTIONS LTD

COMPANY INFORMATION
for the Year Ended 31 MARCH 2024







DIRECTORS: J T Farley
Ms K M Hill





REGISTERED OFFICE: Enterprise House
2 The Crest
Hendon
London
NW4 2HN





REGISTERED NUMBER: 07616394 (England and Wales)





ACCOUNTANT: DICKER ECONOMOU & CO
Chartered Certified Accountants
Enterprise House
2 The Crest
Hendon
London
NW4 2HN

SKY 7 PRODUCTIONS LTD (Registered number: 07616394)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,073 12,189

CURRENT ASSETS
Debtors 5 14,512 876
Cash at bank 18,208 5,696
32,720 6,572
CREDITORS
Amounts falling due within one year 6 22,268 13,678
NET CURRENT ASSETS/(LIABILITIES) 10,452 (7,106 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,525

5,083

CAPITAL AND RESERVES
Called up share capital 7 42 42
Retained earnings 21,483 5,041
SHAREHOLDERS' FUNDS 21,525 5,083

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 29 May 2024 and were signed on its behalf by:





J T Farley - Director


SKY 7 PRODUCTIONS LTD (Registered number: 07616394)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2024

1. STATUTORY INFORMATION

SKY 7 PRODUCTIONS LTD is a private company, limited by shares , registered in England and Wales. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

SKY 7 PRODUCTIONS LTD (Registered number: 07616394)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Improvements
to Motor
property Equipment vehicles Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 7,775 30,534 4,557 42,866
DEPRECIATION
At 1 April 2023 - 26,512 4,165 30,677
Charge for year - 1,006 110 1,116
At 31 March 2024 - 27,518 4,275 31,793
NET BOOK VALUE
At 31 March 2024 7,775 3,016 282 11,073
At 31 March 2023 7,775 4,022 392 12,189

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 876
Directors' current accounts 12,562 -
Prepayments and accrued income 1,950 -
14,512 876

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors - 110
Corporation tax 12,405 5,296
Social security and other taxes 8,103 5,871
Directors' current accounts - 891
Accrued expenses 1,760 1,510
22,268 13,678

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary £1 2 2
20 Ordinary A £1 20 20
20 Ordinary B £1 20 20
42 42