Apricity Productions Ltd 09053665 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is Film and Video production Digita Accounts Production Advanced 6.30.9574.0 true true 09053665 2023-06-01 2024-05-31 09053665 2024-05-31 09053665 core:CurrentFinancialInstruments 2024-05-31 09053665 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 09053665 core:FurnitureFittingsToolsEquipment 2024-05-31 09053665 core:OtherPropertyPlantEquipment 2024-05-31 09053665 bus:SmallEntities 2023-06-01 2024-05-31 09053665 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 09053665 bus:FilletedAccounts 2023-06-01 2024-05-31 09053665 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 09053665 bus:RegisteredOffice 2023-06-01 2024-05-31 09053665 bus:Director1 2023-06-01 2024-05-31 09053665 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09053665 core:ComputerEquipment 2023-06-01 2024-05-31 09053665 core:FurnitureFittingsToolsEquipment 2023-06-01 2024-05-31 09053665 core:OtherPropertyPlantEquipment 2023-06-01 2024-05-31 09053665 core:PlantMachinery 2023-06-01 2024-05-31 09053665 countries:EnglandWales 2023-06-01 2024-05-31 09053665 2023-05-31 09053665 core:FurnitureFittingsToolsEquipment 2023-05-31 09053665 core:OtherPropertyPlantEquipment 2023-05-31 09053665 2022-06-01 2023-05-31 09053665 2023-05-31 09053665 core:CurrentFinancialInstruments 2023-05-31 09053665 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 09053665 core:FurnitureFittingsToolsEquipment 2023-05-31 09053665 core:OtherPropertyPlantEquipment 2023-05-31 iso4217:GBP xbrli:pure

Registration number: 09053665

Apricity Productions Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

Apricity Productions Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Apricity Productions Ltd

Company Information

Director

Mr LCN Stevenson

Registered office

Fawley House
2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5TD

Accountants

Sterling Grove Accountants Limited
Chartered Certified Accountants
Fawley House
2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5TD

 

Apricity Productions Ltd

(Registration number: 09053665)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,542

2,874

Current assets

 

Debtors

5

6,443

6,408

Cash at bank and in hand

 

20,360

75,054

 

26,803

81,462

Creditors: Amounts falling due within one year

6

(10,887)

(29,939)

Net current assets

 

15,916

51,523

Total assets less current liabilities

 

18,458

54,397

Provisions for liabilities

(482)

(546)

Net assets

 

17,976

53,851

Capital and reserves

 

Called up share capital

100

100

Retained earnings

17,876

53,751

Shareholders' funds

 

17,976

53,851

For the financial year ending 31 May 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.

Approved and authorised by the director on 24 September 2024
 

.........................................
Mr LCN Stevenson
Director

 

Apricity Productions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 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:
Fawley House
2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5TD
England

These financial statements were authorised for issue by the director on 24 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.

Government grants

Government grants are recognised under the accrual model of grant recognition. This model requires the grant to be classified as either a revenue-based grant or a capital-based grant.

Government grants are recognised in profit or loss on a systematic basis over the periods in which the entity recognises expenses for the related costs for which the grants are intended to compensate.

Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset.

 

Apricity Productions Ltd

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

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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

Plant and machinery

20% on reducing balance

Computer equipment

33% on reducing balance

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 at the transaction price, 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.

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 at the transaction price.

 

Apricity Productions Ltd

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

Share capital

Ordinary shares are classified as equity.

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 the director) during the year, was 1 (2023 - 1).

 

Apricity Productions Ltd

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

4

Tangible assets

Furniture, fittings and equipment
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 June 2023

4,285

3,161

7,446

Additions

150

355

505

At 31 May 2024

4,435

3,516

7,951

Depreciation

At 1 June 2023

3,190

1,382

4,572

Charge for the year

411

426

837

At 31 May 2024

3,601

1,808

5,409

Carrying amount

At 31 May 2024

834

1,708

2,542

At 31 May 2023

1,095

1,779

2,874

5

Debtors

Current

2024
£

2023
£

Trade debtors

5,803

5,885

Prepayments

640

523

 

6,443

6,408

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

9,399

26,375

Accruals and deferred income

1,380

1,380

Other creditors

108

2,184

10,887

29,939