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REGISTERED NUMBER: 07450706 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 December 2023

for

It's All Sorted Productions Limited

It's All Sorted Productions Limited (Registered number: 07450706)






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


It's All Sorted Productions Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs G M E M Barlow
M J Barlow
Mrs M E Evans



REGISTERED OFFICE: 4 Union Road
London
SW4 6JF



REGISTERED NUMBER: 07450706 (England and Wales)



ACCOUNTANTS: James, Stanley & Co. Limited
1,733 Coventry Road
South Yardley
Birmingham
West Midlands
B26 1DT



BANKERS: Barclays Bank plc
193 Camden High Street
London
NW1 7PJ

It's All Sorted Productions Limited (Registered number: 07450706)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Property, plant and equipment 6 266,044 371,267
266,044 371,267

CURRENT ASSETS
Inventories 7 571 597
Debtors 8 293,040 440,238
Cash at bank 46,612 74,821
340,223 515,656
CREDITORS
Amounts falling due within one
year

9

600,559

651,823
NET CURRENT LIABILITIES (260,336 ) (136,167 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,708

235,100

CREDITORS
Amounts falling due after more
than one year

10

(142,654

)

(172,799

)

PROVISIONS FOR LIABILITIES (961 ) (13,569 )
NET (LIABILITIES)/ASSETS (137,907 ) 48,732

CAPITAL AND RESERVES
Called up share capital 13 100 100
Revaluation reserve 14 - 50,550
Retained earnings (138,007 ) (1,918 )
SHAREHOLDERS' FUNDS (137,907 ) 48,732

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 directors acknowledge their 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.

It's All Sorted Productions Limited (Registered number: 07450706)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:




Mrs G M E M Barlow - Director



Mrs M E Evans - Director


It's All Sorted Productions Limited (Registered number: 07450706)

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

1. STATUTORY INFORMATION

It's All Sorted 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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. There were no material departures from that accounting standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

At 31 December 2023, the company had net current liabilities of £260,336 however the directors are confident that the company will be able to operate within its agreed banking facilities in the forthcoming year.

Turnover
Turnover represents net invoiced sales of photographic services provided and image sales, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 2% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


It's All Sorted Productions Limited (Registered number: 07450706)

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

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Loans from directors
As a small entity the company measures a basic financial liability that are loans from directors at transaction price.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 201,250
AMORTISATION
At 1 January 2023
and 31 December 2023 201,250
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

It's All Sorted Productions Limited (Registered number: 07450706)

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

6. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST OR VALUATION
At 1 January 2023 419,520 110,066 36,949
Additions - - -
Disposals - (100,284 ) (36,949 )
Impairments (107,106 ) - -
At 31 December 2023 312,414 9,782 -
DEPRECIATION
At 1 January 2023 59,039 108,571 36,313
Charge for year 8,390 351 83
Eliminated on disposal - (99,500 ) (36,396 )
Impairments (17,215 ) - -
At 31 December 2023 50,214 9,422 -
NET BOOK VALUE
At 31 December 2023 262,200 360 -
At 31 December 2022 360,481 1,495 636

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 January 2023 2,771 35,477 604,783
Additions - 190 190
Disposals (2,771 ) (18,600 ) (158,604 )
Impairments - - (107,106 )
At 31 December 2023 - 17,067 339,263
DEPRECIATION
At 1 January 2023 2,649 26,944 233,516
Charge for year 15 3,185 12,024
Eliminated on disposal (2,664 ) (16,546 ) (155,106 )
Impairments - - (17,215 )
At 31 December 2023 - 13,583 73,219
NET BOOK VALUE
At 31 December 2023 - 3,484 266,044
At 31 December 2022 122 8,533 371,267

Cost or valuation at 31 December 2023 is represented by:

Long Plant and Computer
leasehold machinery equipment Totals
£    £    £    £   
Valuation in 2016 72,927 - - 72,927
Valuation in 2023 (107,106 ) - - (107,106 )
Cost 346,593 9,782 17,067 373,442
312,414 9,782 17,067 339,263

It's All Sorted Productions Limited (Registered number: 07450706)

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

6. PROPERTY, PLANT AND EQUIPMENT - continued

The company's leasehold property has been revalued by Currell Group, Chartered Surveyors at 26 May 2017 at fair value and this asset has been adopted in the previous years accounts under FRS 102 transitional provisions.

If leasehold property had not been revalued independently on an open market value basis it would have been included at the following historical cost:

31.12.2331.12.22
£   £   
Cost346,593346,593
=============
Aggregate depreciation55,76148,829
=============


Deferred taxation which would arise if assets were disposed of at their revalued amounts has been provided for in these financial statements.

7. INVENTORIES
31.12.23 31.12.22
£    £   
Stocks 571 597

8. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Trade debtors 16,926 56,345
Other debtors 42,025 126,417
Prepayments and accrued income 226,833 255,662
285,784 438,424

Amounts falling due after more than one year:
Other debtors 7,256 1,814

Aggregate amounts 293,040 440,238

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 36,231 35,623
Trade creditors 179,684 184,667
Tax 5,442 60,498
Social security and other
taxes

5,258

8,673
Other creditors 12,286 12,411
Directors' current accounts 16,572 4,928
Accruals and deferred income 345,086 345,023
600,559 651,823

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 142,654 172,799

It's All Sorted Productions Limited (Registered number: 07450706)

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

11. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 11,713 11,713
Between one and five years 17,570 29,283
29,283 40,996

12. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 178,885 208,422

Barclays Bank plc hold a legal charge over the company's property at Unit 2A, Singer Mews, 4-14 Union Road, London dated 1 December 2015.

The bank loans are repayable by instalments and the amount falling due after five years totals £41,355 (2022 - £55,088).

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary 1 100 100

14. RESERVES
Revaluation
reserve
£   
At 1 January 2023 50,550
Transfer (50,550 )

At 31 December 2023 -

15. CAPITAL COMMITMENTS
31.12.23 31.12.22
£    £   
Contracted but not provided for in the
financial statements - -

It's All Sorted Productions Limited (Registered number: 07450706)

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

16. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.12.23 31.12.22
£    £   
M J Barlow
Balance outstanding at start of year - 131,812
Amounts repaid - (131,812 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mrs G M E M Barlow
Balance outstanding at start of year - 131,812
Amounts repaid - (131,812 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mrs M E Evans
Balance outstanding at start of year 5,373 -
Amounts advanced 16,126 5,373
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 21,499 5,373

17. RELATED PARTY DISCLOSURES

Loans regarding group undertakings are interest free with no specific repayment terms.

Loans with key management personnel are unsecured and interest free with no specific repayment terms.