Scene Double Limited
Registered number: 02763527
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 31,604 39,484
Investments 4 100 100
31,704 39,584
Current assets
Stocks 40,400 79,800
Debtors 5 39,692 57,962
Cash at bank and in hand 684,872 851,854
764,964 989,616
Creditors: amounts falling due within one year 6 (46,407) (443,071)
Net current assets 718,557 546,545
Net assets 750,261 586,129
Capital and reserves
Called up share capital 100 100
Profit and loss account 750,161 586,029
Shareholder's funds 750,261 586,129
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.
R P Gordon
Director
Approved by the board on 11 September 2024
Scene Double Limited
Notes to the Accounts
for the year ended 31 December 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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
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 evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Leasehold improvements 25% reducing balance
Motor vehicles 25% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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.
Group accounts - consolidation
The company and its subsidiary comprise a small group. The company has therefore taken advantage of the exemption provided by section 398 of the Companies Act 2006 not to prepare group accounts
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2023 21,036 141,647 73,500 236,183
Additions - 2,656 - 2,656
At 31 December 2023 21,036 144,303 73,500 238,839
Depreciation
At 1 January 2023 20,888 136,243 39,568 196,699
Charge for the year 38 2,015 8,483 10,536
At 31 December 2023 20,926 138,258 48,051 207,235
Net book value
At 31 December 2023 110 6,045 25,449 31,604
At 31 December 2022 148 5,404 33,932 39,484
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 January 2023 100
At 31 December 2023 100
The company holds investments in the following: (dormant subsidiary)
Capital and Profit (loss)
Company Shares held reserves for the year
Class % £ £
Scene Digital Limited Ordinary 100 100 -
5 Debtors 2023 2022
£ £
Trade debtors 8,257 50,877
Other debtors 31,435 7,085
39,692 57,962
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 7,201 3,880
Corporation tax - 24,890
Other taxes and social security costs 11,333 7,794
Other creditors 27,873 406,507
46,407 443,071
7 Related party transactions
R P Gordon (Director) provided a loan of £23,773 to the company (2022: £24,277). This loan bears interest at nil%.
8 Controlling party
The ultimate controlling party is R P Gordon.
9 Other information
Scene Double Limited is a private company limited by shares and incorporated in England. Its registered office is:
7 Theobald Court
Theobald Street
Borehamwood
Herts.
WD6 4RN
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