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Company registration number: 03189100

Mute Productions Ltd

Filleted Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Mute Productions Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 7

 

Mute Productions Ltd

Company Information

Directors

Mr K Nixon

Ms C Schumann

Company secretary

Ms C Schumann

Registered office

92 Worple Road
Wimbledon
SW19 4HZ

Accountants

BK Plus Limited
Chartered Certified Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Mute Productions Ltd
for the Year Ended 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Mute Productions Ltd for the year ended 31 December 2023 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Mute Productions Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Mute Productions Ltd and state those matters that we have agreed to state to the Board of Directors of Mute Productions Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mute Productions Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Mute Productions Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Mute Productions Ltd. You consider that Mute Productions Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Mute Productions Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

BK Plus Limited
Chartered Certified Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

3 September 2024

 

Mute Productions Ltd

(Registration number: 03189100)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

66,385

70,191

Current assets

 

Debtors

6

113,306

21,240

Cash at bank and in hand

 

161,225

270,274

 

274,531

291,514

Creditors: Amounts falling due within one year

7

(11,174)

(22,624)

Net current assets

 

263,357

268,890

Total assets less current liabilities

 

329,742

339,081

Provisions for liabilities

(12,307)

(13,017)

Net assets

 

317,435

326,064

Capital and reserves

 

Called up share capital

120

120

Retained earnings

317,315

325,944

Shareholders' funds

 

317,435

326,064

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 September 2024 and signed on its behalf by:
 

.........................................
Mr K Nixon
Director

   
     
 

Mute Productions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
92 Worple Road
Wimbledon
SW19 4HZ

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Deferred tax

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Mute Productions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold property

4% Straight Line

Plant and machinery

25% Reducing balance

Motor vehicles

25% Reducing balance

Computer equipment

33% Reducing balance

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Profit before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

6,973

7,466

 

Mute Productions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

5

Tangible assets

Leasehold buildings
£

Plant and machinery
£

Computer equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2023

57,568

67,765

8,775

20,978

155,086

Additions

-

3,167

-

-

3,167

At 31 December 2023

57,568

70,932

8,775

20,978

158,253

Depreciation

At 1 January 2023

2,303

56,812

7,103

18,677

84,895

Charge for the year

2,305

3,536

557

575

6,973

At 31 December 2023

4,608

60,348

7,660

19,252

91,868

Carrying amount

At 31 December 2023

52,960

10,584

1,115

1,726

66,385

At 31 December 2022

55,265

10,953

1,672

2,301

70,191

6

Debtors

Current

2023
£

2022
£

Other debtors

113,306

21,240

 

113,306

21,240

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Corporation tax

6,195

11,927

Other creditors

4,979

10,697

11,174

22,624

 

Mute Productions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

8

Related party transactions

Transactions with directors

2023

At 1 January 2023
£

Advances to director
£

Repayments by director
£

At 31 December 2023
£

Mr K Nixon

Directors loan account

21,240

124,066

(32,000)

113,306

         
       

 

2022

At 1 January 2022
£

Advances to director
£

At 31 December 2022
£

Mr K Nixon

Directors loan account

-

21,240

21,240

       
     

 

The above loan is unsecured, interest free and repayable on demand. All of the figures are disclosed on aggregate basis. The loan was repaid shortly after the year end.