Registered number
09865428
SQUARE MILE PRODUCTIONS LTD
Filleted Accounts
31 January 2024
SQUARE MILE PRODUCTIONS LTD
Registered number: 09865428
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,792 2,185
Current assets
Cash at bank and in hand - 1,655
Creditors: amounts falling due within one year 4 (3,866) (2,102)
Net current liabilities (3,866) (447)
Total assets less current liabilities (2,074) 1,738
Creditors: amounts falling due after more than one year 5 (7,683) (10,078)
Net liabilities (9,757) (8,340)
Capital and reserves
Called up share capital 100 100
Profit and loss account (9,857) (8,440)
Shareholder's funds (9,757) (8,340)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Evre ERGUN
Director
Approved by the board on 27 September 2024
SQUARE MILE PRODUCTIONS LTD
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, as follows:
Equipment 18% Reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A corporation tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Corporation tax liability is not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Equipment
£
Cost
At 1 February 2023 5,784
At 31 January 2024 5,784
Depreciation
At 1 February 2023 3,599
Charge for the year 393
At 31 January 2024 3,992
Net book value
At 31 January 2024 1,792
At 31 January 2023 2,185
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans & overdraft 3,306 1,332
Other creditors 560 770
3,866 2,102
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 2,589 3,678
Other creditors 5,094 6,400
7,683 10,078
6 Other information
SQUARE MILE PRODUCTIONS LTD is a private company limited by shares and incorporated in England. Its registered office is:
124 City Road
London
EC1V 2NX
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