Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-01-01true22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07306190 2023-01-01 2023-12-31 07306190 2022-01-01 2022-12-31 07306190 2023-12-31 07306190 2022-12-31 07306190 c:Director1 2023-01-01 2023-12-31 07306190 d:CurrentFinancialInstruments 2023-12-31 07306190 d:CurrentFinancialInstruments 2022-12-31 07306190 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07306190 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07306190 d:ShareCapital 2023-12-31 07306190 d:ShareCapital 2022-12-31 07306190 d:RetainedEarningsAccumulatedLosses 2023-12-31 07306190 d:RetainedEarningsAccumulatedLosses 2022-12-31 07306190 c:OrdinaryShareClass1 2023-01-01 2023-12-31 07306190 c:OrdinaryShareClass1 2023-12-31 07306190 c:OrdinaryShareClass1 2022-12-31 07306190 c:FRS102 2023-01-01 2023-12-31 07306190 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07306190 c:FullAccounts 2023-01-01 2023-12-31 07306190 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07306190 2 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 07306190














BS PRODUCTIONS LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
BS PRODUCTIONS LIMITED
REGISTERED NUMBER:07306190

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
280
16,834

Cash at bank
 5 
68,829
73,935

  
69,109
90,769

Creditors: amounts falling due within one year
 6 
(9,124)
(31,568)

Net current assets
  
 
 
59,985
 
 
59,201

Total assets less current liabilities
  
59,985
59,201

  

Net assets
  
59,985
59,201


Capital and reserves
  

Called up share capital 
 7 
200
200

Profit and loss account
  
59,785
59,001

  
59,985
59,201


Page 1

 
BS PRODUCTIONS LIMITED
REGISTERED NUMBER:07306190
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J M Osbourne
Director

Date: 15 August 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
BS PRODUCTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

BS Productions Limited is a private company, limited by shares, registered in England and Wales, registration number is 07306190. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.

The principal activity of the company continued to be that of music production and licensing. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of the Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each year end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses that relate to borrowings and cash are presented in the profit and loss account within 'administration expenses'. All other foreign exchange gains and losses are presented in profit or loss.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover from music production and licensing activities are recognised when it is probable the company will receive the rights to the consideration due under the contract.
 
 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.5

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Page 3

 
BS PRODUCTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as other debtors, trade and other creditors and loans with related parties.

 
2.7

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

 Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.9

 Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Debtors

2023
2022
£
£


Other debtors
280
16,834



5.


Cash

2023
2022
£
£

Cash at bank
68,829
73,935

Less: bank overdrafts
-
(130)

68,829
73,805


Page 4

 
BS PRODUCTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Creditors: amounts falling due within one year

2023
2022
£
£

Bank overdrafts
-
130

Trade creditors
1,512
19,659

Other creditors
112
4,579

Accruals
7,500
7,200

9,124
31,568



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



200 (2022 - 200) Ordinary shares of £1.00 each
200
200


8.


Transactions with directors

As at the year end, the company owed £NIL (2022 - £8,293) to the directors. This loan was usecured, interest free and repayable on demand.

 
Page 5