Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3122023-04-01falseproviding motion picture production services.2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07994233 2023-04-01 2024-03-31 07994233 2022-04-01 2023-03-31 07994233 2024-03-31 07994233 2023-03-31 07994233 c:Director1 2023-04-01 2024-03-31 07994233 d:PlantMachinery 2023-04-01 2024-03-31 07994233 d:PlantMachinery 2024-03-31 07994233 d:PlantMachinery 2023-03-31 07994233 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07994233 d:OfficeEquipment 2023-04-01 2024-03-31 07994233 d:OfficeEquipment 2024-03-31 07994233 d:OfficeEquipment 2023-03-31 07994233 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07994233 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07994233 d:CurrentFinancialInstruments 2024-03-31 07994233 d:CurrentFinancialInstruments 2023-03-31 07994233 d:Non-currentFinancialInstruments 2024-03-31 07994233 d:Non-currentFinancialInstruments 2023-03-31 07994233 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07994233 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07994233 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 07994233 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 07994233 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 07994233 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 07994233 d:ShareCapital 2024-03-31 07994233 d:ShareCapital 2023-03-31 07994233 d:RetainedEarningsAccumulatedLosses 2024-03-31 07994233 d:RetainedEarningsAccumulatedLosses 2023-03-31 07994233 c:OrdinaryShareClass1 2023-04-01 2024-03-31 07994233 c:OrdinaryShareClass1 2024-03-31 07994233 c:FRS102 2023-04-01 2024-03-31 07994233 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07994233 c:FullAccounts 2023-04-01 2024-03-31 07994233 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07994233 2 2023-04-01 2024-03-31 07994233 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 07994233














B.E.D. SETS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 
B.E.D. SETS LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 6


 
B.E.D. SETS LIMITED
REGISTERED NUMBER:07994233

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
591
588

Current assets
  

Debtors: amounts falling due within one year
 5 
27,568
23,063

Cash at bank and in hand
  
7,933
12,370

  
35,501
35,433

  

Creditors: amounts falling due within one year
 6 
(30,027)
(25,205)

Net current assets
  
 
 
5,474
 
 
10,228

Total assets less current liabilities
  
6,065
10,816

Creditors: amounts falling due after more than one year
 7 
(5,500)
(9,900)

  

Net assets
  
565
916


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
465
816

  
565
916


Page 1

 
B.E.D. SETS LIMITED
REGISTERED NUMBER:07994233
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




R Wootton
Director

Date: 22 August 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
B.E.D. SETS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

B.E.D. Sets Limited is a limited liability company incorporated in England and Wales with its registered office at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.
The principal activity of the company is that of providing motion picture production services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied during the period, exclusive of Value Added Tax and trade discounts.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided on the following basis:

Plant and machinery
-
25% reducing balance
Office equipment
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

 
2.4

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

 
2.6

Creditors

Short term creditors are measured at the transaction price.

Page 3

 
B.E.D. SETS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.9

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.10

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.11

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
B.E.D. SETS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Plant and machinery
Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
412
1,120
1,532


Additions
201
-
201



At 31 March 2024

613
1,120
1,733



Depreciation


At 1 April 2023
103
841
944


Charge for the year on owned assets
128
70
198



At 31 March 2024

231
911
1,142



Net book value



At 31 March 2024
382
209
591



At 31 March 2023
309
279
588


5.


Debtors

2024
2023
£
£


Trade debtors
1,966
1,984

Other debtors
25,602
17,993

Prepayments and accrued income
-
3,086

27,568
23,063


Included within other debtors due within one year is a loan to a director, amounting to £25,602 (2023 - £17,993).



Page 5

 
B.E.D. SETS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
4,400
4,400

Trade creditors
299
190

Taxation and social security
21,823
17,367

Accruals and deferred income
3,505
3,248

30,027
25,205



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
5,500
9,900



8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
4,400
4,400


Amounts falling due 2-5 years

Bank loans
5,500
9,900


9,900
14,300



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1 each
100
100


 
Page 6