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REGISTERED NUMBER: 08323098 (England and Wales)










Unaudited Financial Statements

For The Year Ended 31 December 2023

for

MZ Productions Limited

MZ Productions Limited (Registered number: 08323098)






Contents of the Financial Statements
For The Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MZ Productions Limited

Company Information
For The Year Ended 31 December 2023







DIRECTOR: Miss M Zaidi





REGISTERED OFFICE: Goodridge Court
Goodridge Avenue
Gloucester
Gloucestershire
GL2 5EN





REGISTERED NUMBER: 08323098 (England and Wales)





ACCOUNTANTS: Kingscott Dix Limited
Chartered Accountants
Goodridge Court
Goodridge Avenue
Gloucester
Gloucestershire
GL2 5EN

MZ Productions Limited (Registered number: 08323098)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Debtors 5 33,637 32,462
Cash at bank 4 23
33,641 32,485
CREDITORS
Amounts falling due within one year 6 18,269 15,879
NET CURRENT ASSETS 15,372 16,606
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,372

16,606

CREDITORS
Amounts falling due after more than one
year

7

14,667

16,000
NET ASSETS 705 606

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 704 605
SHAREHOLDERS' FUNDS 705 606

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

MZ Productions Limited (Registered number: 08323098)

Balance Sheet - continued
31 December 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 September 2024 and were signed by:





Miss M Zaidi - Director


MZ Productions Limited (Registered number: 08323098)

Notes to the Financial Statements
For The Year Ended 31 December 2023

1. STATUTORY INFORMATION

MZ Productions Limited is a private company, limited by shares , registered in England and Wales. 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 recognised at the fair value of the consideration received or receivable for the activity of broadcasting provided in the normal course of business, and is shown net of VAT and other sales related taxes. .
Revenue from short term contracts for the provision of services is recognised on an accruals basis which generally falls in line with the invoicing of that work. Adjustment is made through accrued income to reflect work uninvoiced at a period end according to level of completion.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any 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:

Computer equipment - 33% on cost
Fixtures and fittings - 25% on reducing balance

Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

MZ Productions Limited (Registered number: 08323098)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 214 2,299 2,513
DEPRECIATION
At 1 January 2023
and 31 December 2023 214 2,299 2,513
NET BOOK VALUE
At 31 December 2023 - - -
At 31 December 2022 - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors - 4,679
Other debtors 33,637 27,783
33,637 32,462

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 7,389 6,284
Trade creditors - 446
Taxation and social security 7,071 3,989
Other creditors 3,809 5,160
18,269 15,879

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 14,667 16,000

MZ Productions Limited (Registered number: 08323098)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
Miss M Zaidi
Balance outstanding at start of year 20,679 21,858
Amounts advanced 43,341 36,221
Amounts repaid (38,964 ) (37,400 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25,056 20,679