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Registration number: 01574087

Spitting Image Productions Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Spitting Image Productions Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Spitting Image Productions Limited

Company Information

Directors

R Law

D Amsden

Company secretary

R Shaw

Registered office

11 Linden Road
London
N15 3QB

Accountants

Aston Hughes & Co
Chartered Accountants
Selby Towers
29 Princes Drive
Colwyn Bay
LL29 8PE

 

Spitting Image Productions Limited

(Registration number: 01574087)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Debtors

5

94,911

94,871

Cash at bank and in hand

 

266,728

1,513,509

 

361,639

1,608,380

Creditors: Amounts falling due within one year

6

(8,000)

(396,401)

Net assets

 

353,639

1,211,979

Capital and reserves

 

Called up share capital

7

279

279

Share premium reserve

74,925

74,925

Capital redemption reserve

20,000

20,000

Retained earnings

258,435

1,116,775

Shareholders' funds

 

353,639

1,211,979

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 September 2024 and signed on its behalf by:
 

.........................................
R Law
Director

 

Spitting Image Productions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
11 Linden Road
London
N15 3QB

The principal place of business is:
11 Linden Road
London
N15 3QB

These financial statements were authorised for issue by the Board on 20 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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 taxable income.

 

Spitting Image Productions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% straight line

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 1).

 

Spitting Image Productions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

3,904

3,904

At 31 March 2024

3,904

3,904

Depreciation

At 1 April 2023

3,904

3,904

At 31 March 2024

3,904

3,904

Carrying amount

At 31 March 2024

-

-

5

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

94,871

94,871

Other debtors

 

40

-

   

94,911

94,871

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

-

90

Taxation and social security

-

34,371

Other creditors

8,000

361,940

8,000

396,401

7

Share capital

Allotted, called up and fully paid shares

 

Spitting Image Productions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

 

2024

2023

 

No.

£

No.

£

A Ordinary shares of £0.01 each

27,850

279

27,850

279

         

8

Parent and ultimate parent undertaking

The company's immediate parent is Tooth'n Claw Limited, incorporated in UK.

 The ultimate controlling party is R Law, by virtue of his 74% holding of the parent company's ordinary shares.