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Registration number: 12814161

Deano Hewitts Productions Ltd

trading as Deano Hewitts Productions Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Deano Hewitts Productions Ltd

trading as Deano Hewitts Productions Limited

Contents

Director's Report

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Deano Hewitts Productions Ltd

trading as Deano Hewitts Productions Limited

Director's Report for the Year Ended 31 March 2024

The director presents his report and the financial statements for the year ended 31 March 2024.

Director of the company

The director who held office during the year was as follows:

M Williams

Small companies provision statement

This report has 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.

Approved and authorised by the director on 4 October 2024
 

.........................................
M Williams
Director

 

Deano Hewitts Productions Ltd

trading as Deano Hewitts Productions Limited

(Registration number: 12814161)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

1,704

3,736

Tangible assets

5

3,915

2,947

 

5,619

6,683

Current assets

 

Stocks

1,089

1,300

Debtors

6

531

6,350

Cash at bank and in hand

 

378

11,854

 

1,998

19,504

Creditors: Amounts falling due within one year

7

(237,396)

(215,820)

Net current liabilities

 

(235,398)

(196,316)

Net liabilities

 

(229,779)

(189,633)

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

(229,879)

(189,733)

Shareholders' deficit

 

(229,779)

(189,633)

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.

Director's 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 director acknowledges his 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 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 4 October 2024
 

 

Deano Hewitts Productions Ltd

trading as Deano Hewitts Productions Limited

(Registration number: 12814161)
Balance Sheet as at 31 March 2024

.........................................
M Williams
Director

 

Deano Hewitts Productions Ltd

trading as Deano Hewitts 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 & Wales.

The address of its registered office is:
Unit A 82 James Carter Road
Mildenhall Industrial Estate
Mildenhall
Suffolk
IP28 7DE
United Kingdom

These financial statements were authorised for issue by the director on 4 October 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.

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.

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.

 

Deano Hewitts Productions Ltd

trading as Deano Hewitts Productions Limited

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

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

Plant and equipment

25% straight line

Office equipment

33% straight line

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Website costs

33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Deano Hewitts Productions Ltd

trading as Deano Hewitts Productions Limited

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

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

 

Deano Hewitts Productions Ltd

trading as Deano Hewitts Productions Limited

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

4

Intangible assets

Website costs
 £

Total
£

Cost or valuation

At 1 April 2023

6,097

6,097

At 31 March 2024

6,097

6,097

Amortisation

At 1 April 2023

2,361

2,361

Amortisation charge

2,032

2,032

At 31 March 2024

4,393

4,393

Carrying amount

At 31 March 2024

1,704

1,704

At 31 March 2023

3,736

3,736

5

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2023

3,804

2,699

6,503

Additions

3,954

-

3,954

At 31 March 2024

7,758

2,699

10,457

Depreciation

At 1 April 2023

1,925

1,631

3,556

Charge for the year

2,311

675

2,986

At 31 March 2024

4,236

2,306

6,542

Carrying amount

At 31 March 2024

3,522

393

3,915

At 31 March 2023

1,879

1,068

2,947

 

Deano Hewitts Productions Ltd

trading as Deano Hewitts Productions Limited

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

6

Debtors

Current

2024
£

2023
£

Prepayments

531

6,350

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

(84)

1,056

Director's loan account

236,545

212,628

Taxation and social security

 

-

262

Accruals and deferred income

 

934

1,380

Other creditors

 

1

494

 

237,396

215,820

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100