2023-04-01 2024-03-31 false Capium Accounts Production 1.1 04736409 bus:FullAccounts 2023-04-01 2024-03-31 04736409 bus:FRS102 2023-04-01 2024-03-31 04736409 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04736409 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04736409 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04736409 2023-04-01 2024-03-31 04736409 2024-03-31 04736409 bus:RegisteredOffice 2023-04-01 2024-03-31 04736409 core:WithinOneYear 2024-03-31 04736409 core:AfterOneYear 2024-03-31 04736409 bus:Director1 2023-04-01 2024-03-31 04736409 bus:Director1 2024-03-31 04736409 bus:Director1 2022-04-01 2023-03-31 04736409 2022-04-01 04736409 bus:LeadAgentIfApplicable 2023-04-01 2024-03-31 04736409 2022-04-01 2023-03-31 04736409 2023-03-31 04736409 core:WithinOneYear 2023-03-31 04736409 core:AfterOneYear 2023-03-31 04736409 bus:EntityAccountantsOrAuditors 2022-04-01 2023-03-31 04736409 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 04736409 bus:OrdinaryShareClass1 2024-03-31 04736409 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 04736409 bus:OrdinaryShareClass1 2023-03-31 04736409 core:PlantMachinery 2023-04-01 2024-03-31 04736409 core:PlantMachinery 2024-03-31 04736409 core:PlantMachinery 2023-03-31 04736409 core:FurnitureFittings 2023-04-01 2024-03-31 04736409 core:FurnitureFittings 2024-03-31 04736409 core:FurnitureFittings 2023-03-31 04736409 core:ComputerEquipment 2023-04-01 2024-03-31 04736409 core:ComputerEquipment 2024-03-31 04736409 core:ComputerEquipment 2023-03-31 04736409 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-03-31 04736409 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-03-31 04736409 core:CostValuation core:Non-currentFinancialInstruments 2024-03-31 04736409 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 04736409 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-03-31 04736409 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-03-31 04736409 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-03-31 04736409 core:Non-currentFinancialInstruments 2024-03-31 04736409 core:Non-currentFinancialInstruments 2023-03-31 04736409 core:ShareCapital 2024-03-31 04736409 core:ShareCapital 2023-03-31 04736409 core:RevaluationReserve 2024-03-31 04736409 core:RevaluationReserve 2023-03-31 04736409 core:RetainedEarningsAccumulatedLosses 2024-03-31 04736409 core:RetainedEarningsAccumulatedLosses 2023-03-31 04736409 dpl:Item1 2023-04-01 04736409 dpl:Item1 2024-03-31 04736409 dpl:Item1 2022-04-01 04736409 dpl:Item1 2023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 04736409
England and Wales

 

 

 

ACE POST PRODUCTION LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
Director P BELLISARIO
Registered Number 04736409
Registered Office 76 Barnet Way
London
NW7 3AN
Accountants Versa Tax Solutions Ltd
9 Corbets Tey Road
Upminster
RM14 2AP
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 31 March 2024
Principal activities
The companys principal activity during the year was Motion picture, video and television programme post-production activities.

Director
The director who served the company throughout the year was as follows:
P BELLISARIO
Statement of director's responsibilities
The director is responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The director is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

On behalf of the board.


----------------------------------
P BELLISARIO
Director

Date approved: 28 August 2024
2
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 March 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Versa Tax Solutions Ltd
31 March 2024



....................................................

Versa Tax Solutions Ltd

9 Corbets Tey Road
Upminster
RM14 2AP
28 August 2024
3
 
 
Notes
 
2024
£
  2023
£
Turnover 201,355    290,077 
Cost of sales (8,706)   (19,904)
Gross profit 192,649    270,173 
Selling and distribution costs 5    (261)
Administrative expenses (74,414)   (223,478)
Other operating income 7,000    2,475 
Operating profit 125,240    48,909 
Other interest receivable and similar income 2,775    560 
Profit/(Loss) on ordinary activities before taxation 128,015    49,469 
Tax on profit on ordinary activities (27,985)   1,769 
Profit/(Loss) for the financial year 100,030    51,238 
 
4
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 63,271    57,174 
63,271    57,174 
Current assets      
Debtors 4 17,984    15,514 
Cash at bank and in hand 275,131    262,703 
293,115    278,217 
Creditors: amount falling due within one year 5 (38,851)   (15,886)
Net current assets 254,264    262,331 
 
Total assets less current liabilities 317,535    319,505 
Net assets 317,535    319,505 
 

Capital and reserves
     
Called up share capital 6 1    1 
Reserves 7 1    1 
Profit and loss account 317,533    319,503 
Shareholders' funds 317,535    319,505 
 


For the year ended 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:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 28 August 2024 and were signed by:


-------------------------------
P BELLISARIO
Director
5
General Information
Ace Post Production Limited is a private company, limited by shares, registered in England and Wales, registration number 04736409, registration address 76 Barnet Way, London, NW7 3AN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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 (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Straight Line
Fixtures and Fittings 25% Straight Line
Computer Equipment 25% Straight Line
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 5).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 April 2023 425,877    165,656    20,960    612,493 
Additions   34,138      34,138 
Disposals      
At 31 March 2024 425,877    199,794    20,960    646,631 
Depreciation
At 01 April 2023 411,320    123,776    20,004    555,100 
Charge for year 6,073    21,622    565    28,260 
On disposals      
At 31 March 2024 417,393    145,398    20,569    583,360 
Net book values
Closing balance as at 31 March 2024 8,484    54,396    391    63,271 
Opening balance as at 01 April 2023 14,338    41,880    956    57,174 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 15,294    10,208 
Prepayments & Accrued Income 921    994 
Other Debtors 1,769    1,769 
VAT   2,543 
17,984    15,514 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors   10,476 
Corporation Tax 27,985   
PAYE & Social Security 616    499 
Accrued Expenses 4,700    4,200 
Other Creditors 583    583 
Pension 139    69 
Directors' Current Accounts 397    59 
VAT 4,431   
38,851    15,886 

6.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
1 Class A share of £1.00 each  
 

7.

Reserves

2024
£
  2023
£
Revaluation Reserve b/fwd  
 

8.

Director’s loan

Director Current Account

At the year end, the company owed £ 397 (2023: £139) to the director in respect of a directors loan.
The loan is provided interest free and repayable upon demand

6