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REGISTERED NUMBER: 09754877 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

The Production Factory Manchester
Limited

The Production Factory Manchester
Limited (Registered number: 09754877)

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


The Production Factory Manchester
Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: L Gorman





REGISTERED OFFICE: Unit 2 Dark Lane
Manchester
M12 6FA





REGISTERED NUMBER: 09754877 (England and Wales)





ACCOUNTANTS: EWP Limited
20 Anchor Terrace
3-13 Southwark Bridge Road
London
SE1 9HQ

The Production Factory Manchester
Limited (Registered number: 09754877)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,067 19,348

CURRENT ASSETS
Debtors 5 1,647,705 3,123,427
Cash at bank and in hand 528,932 51,323
2,176,637 3,174,750
CREDITORS
Amounts falling due within one year 6 1,153,352 1,657,571
NET CURRENT ASSETS 1,023,285 1,517,179
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,039,352

1,536,527

PROVISIONS FOR LIABILITIES 4,017 4,837
NET ASSETS 1,035,335 1,531,690

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,035,334 1,531,689
1,035,335 1,531,690

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.

The Production Factory Manchester
Limited (Registered number: 09754877)

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 director and authorised for issue on 24 September 2024 and were signed by:





L Gorman - Director


The Production Factory Manchester
Limited (Registered number: 09754877)

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


1. STATUTORY INFORMATION

The Production Factory Manchester 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents fees receivable for photographic shoots and related recharged expenses net of VAT. Turnover is recognised at the date that the company fulfils its contractual obligations, usually the date that the shoot is completed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost and in accordance with the property

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.

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.

The Production Factory Manchester
Limited (Registered number: 09754877)

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


2. ACCOUNTING POLICIES - continued

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.

Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease except where another more systemative basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.

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 21 (2022 - 17 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 816,906
Additions 6,788
At 31 December 2023 823,694
DEPRECIATION
At 1 January 2023 797,558
Charge for year 10,069
At 31 December 2023 807,627
NET BOOK VALUE
At 31 December 2023 16,067
At 31 December 2022 19,348

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 1,357,416 2,474,045
Amounts owed by group undertakings 35,000 184,219
Other debtors 255,289 465,163
1,647,705 3,123,427

The Production Factory Manchester
Limited (Registered number: 09754877)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 667,599 980,918
Amounts owed to group undertakings 12,464 251,000
Taxation and social security 387,221 300,827
Other creditors 86,068 124,826
1,153,352 1,657,571

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 70,875 52,000
Between one and five years 302,848 95,737
In more than five years 526,764 -
900,487 147,737

8. ULTIMATE CONTROLLING PARTY

The controlling party is OLG Holdings Manchester Ltd.

The ultimate controlling party is L Gorman.