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REGISTERED NUMBER: SC545187 (Scotland)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

INSIDEOUT THEATRE PRODUCTIONS LTD

INSIDEOUT THEATRE PRODUCTIONS LTD (REGISTERED NUMBER: SC545187)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INSIDEOUT THEATRE PRODUCTIONS LTD

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTOR: P Harper





REGISTERED OFFICE: Suite 146
Central Chambers, Second Floor
93 Hope Street
Glasgow
G2 6LD





REGISTERED NUMBER: SC545187 (Scotland)





ACCOUNTANTS: Kean Jarman & Company
Chartered Accountants
27 Ingram Street
Glasgow
G1 1HA

INSIDEOUT THEATRE PRODUCTIONS LTD (REGISTERED NUMBER: SC545187)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 308 411

CURRENT ASSETS
Debtors 5 15,120 -
Cash at bank and in hand 64,148 46,242
79,268 46,242
CREDITORS
Amounts falling due within one year 6 58,220 31,617
NET CURRENT ASSETS 21,048 14,625
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,356

15,036

CREDITORS
Amounts falling due after more than one
year

7

9,146

14,558
NET ASSETS 12,210 478

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 12,209 477
SHAREHOLDERS' FUNDS 12,210 478

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

INSIDEOUT THEATRE PRODUCTIONS LTD (REGISTERED NUMBER: SC545187)

BALANCE SHEET - continued
31 March 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 September 2024 and were signed by:





P Harper - Director


INSIDEOUT THEATRE PRODUCTIONS LTD (REGISTERED NUMBER: SC545187)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Insideout Theatre Productions Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

INSIDEOUT THEATRE PRODUCTIONS LTD (REGISTERED NUMBER: SC545187)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023
and 31 March 2024 974
DEPRECIATION
At 1 April 2023 563
Charge for year 103
At 31 March 2024 666
NET BOOK VALUE
At 31 March 2024 308
At 31 March 2023 411

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 15,120 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 5,834 5,834
Trade creditors 12,353 2,133
Tax 22,267 13,074
Social security and other taxes 551 -
VAT 14,771 4,678
Other creditors 944 4,398
Accrued expenses 1,500 1,500
58,220 31,617

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 5,834 5,834
Bank loans - 2-5 years 3,312 8,724
9,146 14,558