Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31The tax expense for the period comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.Creation of content for broadcast mediatruefalse2023-01-01false2117true 06232267 2023-01-01 2023-12-31 06232267 2022-01-01 2022-12-31 06232267 2023-12-31 06232267 2022-12-31 06232267 c:Director1 2023-01-01 2023-12-31 06232267 d:MotorVehicles 2023-01-01 2023-12-31 06232267 d:MotorVehicles 2023-12-31 06232267 d:MotorVehicles 2022-12-31 06232267 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06232267 d:FurnitureFittings 2023-01-01 2023-12-31 06232267 d:FurnitureFittings 2023-12-31 06232267 d:FurnitureFittings 2022-12-31 06232267 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06232267 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06232267 d:CurrentFinancialInstruments 2023-12-31 06232267 d:CurrentFinancialInstruments 2022-12-31 06232267 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06232267 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 06232267 d:ShareCapital 2023-12-31 06232267 d:ShareCapital 2022-12-31 06232267 d:RetainedEarningsAccumulatedLosses 2023-12-31 06232267 d:RetainedEarningsAccumulatedLosses 2022-12-31 06232267 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 06232267 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 06232267 c:OrdinaryShareClass1 2023-01-01 2023-12-31 06232267 c:OrdinaryShareClass1 2023-12-31 06232267 c:OrdinaryShareClass1 2022-12-31 06232267 c:FRS102 2023-01-01 2023-12-31 06232267 c:Audited 2023-01-01 2023-12-31 06232267 c:FullAccounts 2023-01-01 2023-12-31 06232267 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06232267 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06232267 2 2023-01-01 2023-12-31 06232267 7 2023-01-01 2023-12-31 06232267 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 06232267














PLUM PICTURES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED  31 DECEMBER 2023

 
PLUM PICTURES LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 7


 
PLUM PICTURES LIMITED
REGISTERED NUMBER:06232267

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible fixed assets
 4 
96,437
123,035

Current assets
  

Debtors: amounts falling due within one year
 5 
2,627,730
3,699,671

Cash at bank and in hand
  
967,309
716,501

  
3,595,039
4,416,172

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(2,272,679)
(3,230,395)

Net current assets
  
 
 
1,322,360
 
 
1,185,777

Total assets less current liabilities
  
1,418,797
1,308,812

Provisions for liabilities
  

Deferred tax
 7 
(24,109)
(30,759)

Net assets
  
1,394,688
1,278,053


Capital and reserves
  

Called up share capital 
 8 
200
200

Profit and loss account
  
1,394,488
1,277,853

  
1,394,688
1,278,053


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 statement of comprehensive income 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 on 3 September 2024.




S L Cabb
Director

The notes on pages 2 to 7 form part of these financial statements.

Page 1

 
PLUM PICTURES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The Company is a private limited liability company incorporated in England and Wales with its principal place of business at 33 Oval Road, London, NW1 7EA and its registered office is 7 Savoy Court, London, WC2R 0EX.
The principal activity of the Company is the creation of content for broadcast media. 

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding Value Added Tax. 
Production income is recorded as contract activity progresses to reflect the proportion of work carried out during the period. 
Non refundable distribution advances are recognised on receipt. All other distribution income is recognised at the start of the license period. Royalties received are accounted for in the period in which the earnings arise. 

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
straight line
Fixtures and fittings
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss

Page 2

 
PLUM PICTURES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Debtors

Short term debtors are measured at the transaction price.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short term creditors are measured at the transaction price.

 
2.7

Foreign currency translation

The Company's functional and presentational currency is £ sterling.
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period 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 resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the profit and loss account.

 
2.8

Finance costs

Finance costs are charged to the Statement of Comprehensive Income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. 

 
2.9

Dividends

Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.10

Pensions

Defined contribution pension plan
The Company contributes to a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
PLUM PICTURES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.11

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the reporting date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the reporting date.

 
2.12

Interest income

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

 
2.13

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.


3.


Employees

The average monthly number of employees, including directors, during the year was 21 (2022 - 17).

Page 4

 
PLUM PICTURES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost


At 1 January 2023
109,580
251,000
360,580


Additions
-
36,369
36,369



At 31 December 2023

109,580
287,369
396,949



Depreciation


At 1 January 2023
65,063
172,482
237,545


Charge for the year on owned assets
27,395
35,572
62,967



At 31 December 2023

92,458
208,054
300,512



Net book value



At 31 December 2023
17,122
79,315
96,437



At 31 December 2022
44,517
78,518
123,035


5.


Debtors

2023
2022
£
£


Trade debtors
111,836
708,195

Other debtors
65,768
21,922

Prepayments and accrued income
2,450,126
2,969,554

2,627,730
3,699,671


Page 5

 
PLUM PICTURES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loan
649,332
-

Trade creditors
306,147
554,675

Amounts owed to group undertakings
-
4,957

Taxation and social security
356,286
374,629

Other creditors
5,071
9,424

Accruals and deferred income
955,843
2,286,710

2,272,679
3,230,395


The Company's bank facilities are secured by a fixed and floating charge over the assets of the company.


7.


Deferred taxation




2023


£






At beginning of year
30,759


Released to profit or loss
(6,650)



At end of year
24,109

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
24,109
30,759


8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



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


Page 6

 
PLUM PICTURES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 3 September 2024 by Stephen Iseman FCA (Senior Statutory Auditor) on behalf of Sopher + Co LLP.

 
Page 7