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REGISTERED NUMBER: 04248113 (England and Wales)















Unaudited Financial Statements For The Year Ended 31 July 2024

for

White Space Productions Limited

White Space Productions Limited (Registered number: 04248113)






Contents of the Financial Statements
For The Year Ended 31 July 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


White Space Productions Limited

Company Information
For The Year Ended 31 July 2024







Director: K Bowen





Registered office: Unit 6c Commerce Way
Colchester
Essex
CO2 8HR





Registered number: 04248113 (England and Wales)





Accountants: SMD Accounts LLP
Chartered Certified Accountants
Suite 11, Manchester House
113 Northgate Street
Bury St Edmunds
Suffolk
IP33 1HP

White Space Productions Limited (Registered number: 04248113)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 2,461 5,066

Current assets
Stocks 27,415 327
Debtors 5 187,818 181,028
Cash at bank and in hand 60,106 134,859
275,339 316,214
Creditors
Amounts falling due within one year 6 294,739 275,870
Net current (liabilities)/assets (19,400 ) 40,344
Total assets less current liabilities (16,939 ) 45,410

Creditors
Amounts falling due after more than one
year

7

(44,612

)

(138,105

)

Provisions for liabilities 8 (245 ) (816 )
Net liabilities (61,796 ) (93,511 )

Capital and reserves
Called up share capital 9 2,530 2,530
Capital redemption reserve 2,470 2,470
Retained earnings (66,796 ) (98,511 )
Shareholders' funds (61,796 ) (93,511 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 16 October 2024 and were signed by:





K Bowen - Director


White Space Productions Limited (Registered number: 04248113)

Notes to the Financial Statements
For The Year Ended 31 July 2024

1. Statutory information

White Space Productions 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.

Going concern
The director has reviewed the financial situation of the company and feels it is appropriate to prepare the financial statements on the going concern basis. The director believes there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. Revenue is recognised when the service is delivered.

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 - 25% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

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.

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.

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 3 (2023 - 3 ) .

White Space Productions Limited (Registered number: 04248113)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2024

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 August 2023 34,064
Additions 1,039
At 31 July 2024 35,103
Depreciation
At 1 August 2023 28,998
Charge for year 3,644
At 31 July 2024 32,642
Net book value
At 31 July 2024 2,461
At 31 July 2023 5,066

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 157,461 135,664
Other debtors 30,357 45,364
187,818 181,028

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 101,122 93,526
Trade creditors 35,321 9,583
Taxation and social security 31,619 44,397
Other creditors 126,677 128,364
294,739 275,870

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 44,612 138,105

8. Provisions for liabilities
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 245 816

Deferred
tax
£   
Balance at 1 August 2023 816
Credit to Income statement during year (571 )
Balance at 31 July 2024 245

White Space Productions Limited (Registered number: 04248113)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2024

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2,450 Ordinary A £1 2,450 2,450
80 Ordinary B £1 80 80
2,530 2,530

The Ordinary A shares have full voting and dividend rights. The Ordinary B shares have no voting or dividend rights.

10. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
K Bowen
Balance outstanding at start of year 17,288 47,324
Amounts repaid (17,288 ) (30,036 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 17,288