Registered number
11509578
CROWN PRODUCTIONS LIMITED
Filleted Accounts
30 November 2023
CROWN PRODUCTIONS LIMITED
Registered number: 11509578
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 - 13,686
Current assets
Debtors 4 627,098 627,099
Cash at bank and in hand - 229
627,098 627,328
Creditors: amounts falling due within one year 5 (651,209) (638,549)
Net current liabilities (24,111) (11,221)
Total assets less current liabilities (24,111) 2,465
Creditors: amounts falling due after more than one year 6 (20,365) (18,735)
Net liabilities (44,476) (16,270)
Capital and reserves
Called up share capital 100 100
Profit and loss account (44,576) (16,370)
Shareholders' funds (44,476) (16,270)
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 members have 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.
S. V. PARAB
Director
Approved by the board on 29 August 2024
CROWN PRODUCTIONS LIMITED
Notes to the Accounts
for the year ended 30 November 2023
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 recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and machinery 4 years straight line
Computers 3 years straight line
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022 125,688
At 30 November 2023 125,688
Depreciation
At 1 December 2022 112,002
Charge for the year 13,686
At 30 November 2023 125,688
Net book value
At 30 November 2023 -
At 30 November 2022 13,686
4 Debtors 2023 2022
£ £
Trade debtors 14,498 14,498
Other debtors 612,600 612,601
627,098 627,099
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 3,001
Trade creditors 21,804 21,035
Taxation and social security costs 29,724 31,194
Other creditors 599,681 583,319
651,209 638,549
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 20,365 18,735
The loan is bounce back loan repayable within 5 years with an interest rate of 2.5%.
7 Other information
CROWN PRODUCTIONS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
482 Bath Road, Longford Village
West Drayton
Middlesex
United Kingdom
UB7 0ED
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