Registered number
14982286
BPC Productions Ltd
Filleted Accounts
31 July 2024
BPC Productions Ltd
Registered number: 14982286
Balance Sheet
as at 31 July 2024
Notes 2024
£
Fixed assets
Tangible assets 3 6,791
Current assets
Debtors 4 15,150
Cash at bank and in hand 8,174
23,324
Creditors: amounts falling due within one year 5 (16,842)
Net current assets 6,482
Net assets 13,273
Capital and reserves
Called up share capital 1
Profit and loss account 13,272
Shareholder's funds 13,273
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 member has 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.
B. P. Catchpole
Director
Approved by the board on 29 August 2024
BPC Productions Ltd
Notes to the Accounts
for the period from 5 July 2023 to 31 July 2024
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 (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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 over its expected useful life, as follows:
Plant and machinery over 4 years
Debtors
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.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024
Number
Average number of persons employed by the company 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 9,054
At 31 July 2024 9,054
Depreciation
Charge for the period 2,263
At 31 July 2024 2,263
Net book value
At 31 July 2024 6,791
4 Debtors 2024
£
Trade debtors 15,150
5 Creditors: amounts falling due within one year 2024
£
Trade creditors 4,515
Taxation and social security costs 10,246
Other creditors 2,081
16,842
6 Related party transactions
Dividends amounting to £25,140 were payable to the director.
7 Controlling party
The company is controlled by the director and sole shareholder Mr B. P. Catchpole.
8 Other information
BPC Productions Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Shed Haggerston
8 Lee Street
London
E8 4DY
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