1 February 2023 false No description of principal activity Taxfiler 2024.5 true NI057924business:PrivateLimitedCompanyLtd2023-02-012024-01-31 NI0579242023-01-31 NI0579242023-02-012024-01-31 NI057924business:AuditExemptWithAccountantsReport2023-02-012024-01-31 NI057924business:FilletedAccounts2023-02-012024-01-31 NI0579242024-01-31 NI0579242023-01-31 NI057924core:WithinOneYear2024-01-31 NI057924core:WithinOneYear2023-01-31 NI057924core:AfterOneYear2024-01-31 NI057924core:AfterOneYear2023-01-31 NI057924core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 NI057924core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 NI057924core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 NI057924core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 NI057924core:PreviouslyStatedAmount2024-01-31 NI057924core:PreviouslyStatedAmount2023-01-31 NI057924business:SmallEntities2023-02-012024-01-31 NI057924business:Director12023-02-012024-01-31 NI057924countries:NorthernIreland2023-02-012024-01-31 NI057924business:RegisteredOffice2023-02-012024-01-31 NI057924core:FurnitureFittings2023-02-012024-01-31 NI057924core:ComputerEquipment2023-02-012024-01-31 NI057924core:IntangibleAssetsOtherThanGoodwill2023-01-31 NI057924core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-31 NI057924core:IntangibleAssetsOtherThanGoodwill2024-01-31 NI057924core:FurnitureFittings2023-01-31 NI057924core:ComputerEquipment2023-01-31 NI057924core:FurnitureFittings2024-01-31 NI057924core:ComputerEquipment2024-01-31 NI057924business:OrdinaryShareClass12023-02-012024-01-31 NI057924business:OrdinaryShareClass12022-02-012023-01-31 NI0579242022-02-012023-01-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. NI057924 (Northern Ireland)
Peter Corry Productions Limited Unaudited accounts for the year ended 31 January 2024
Peter Corry Productions Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
8,015 
6,882 
Tangible assets
14,895 
12,777 
22,910 
19,659 
Current assets
Inventories
500 
539 
Debtors
28,986 
34,116 
Cash at bank and in hand
22,915 
53,499 
52,401 
88,154 
Creditors: amounts falling due within one year
(59,013)
(78,615)
Net current (liabilities)/assets
(6,612)
9,539 
Total assets less current liabilities
16,298 
29,198 
Creditors: amounts falling due after more than one year
(16,198)
(26,450)
Net assets
100 
2,748 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
- 
2,648 
Shareholders' funds
100 
2,748 
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 October 2024 and were signed on its behalf by
Peter Corry Director Company Registration No. NI057924
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Peter Corry Productions Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Peter Corry Productions Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI057924. The registered office is Unit 2 Channel Wharf , 21 Old Channel Road, Belfast, Antrim, BT3 9DE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in sterling.
Going concern
The director believes that Peter Corry Productions Limited has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least a period of 12 months from the date of approval of the financial statements. Accordingly, the company continues to adopt the going concern basis in preparation of its financial statements.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight Line
Computer equipment
33.33% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
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Peter Corry Productions Limited Notes to the Accounts for the year ended 31 January 2024
Government grants
Government grants are credited to the Profit and Loss Account when receivable. Government grants receivable were £1,063.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from performing arts is recognised when all of the following criteria are satisfied: - the Company has transferred the significant risks and rewards of ownership to the buyer; - the amount of turnover can be measured reliably; - it is probable that the Company will receive the consideration due under the transaction; and - the costs incurred in respect of the transaction can be measured reliably.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 February 2023
12,508 
Additions
4,500 
At 31 January 2024
17,008 
Amortisation
At 1 February 2023
5,626 
Charge for the year
3,367 
At 31 January 2024
8,993 
Net book value
At 31 January 2024
8,015 
At 31 January 2023
6,882 
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
10,742 
15,928 
26,670 
Additions
10,063 
- 
10,063 
At 31 January 2024
20,805 
15,928 
36,733 
Depreciation
At 1 February 2023
2,686 
11,207 
13,893 
Charge for the year
5,143 
2,802 
7,945 
At 31 January 2024
7,829 
14,009 
21,838 
Net book value
At 31 January 2024
12,976 
1,919 
14,895 
At 31 January 2023
8,056 
4,721 
12,777 
- 4 -
Peter Corry Productions Limited Notes to the Accounts for the year ended 31 January 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,266 
- 
Accrued income and prepayments
1,858 
1,536 
Other debtors
20,862 
32,580 
28,986 
34,116 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
7,968 
7,715 
VAT
17,541 
20,890 
Trade creditors
7,525 
11,277 
Taxes and social security
13,590 
4,333 
Other creditors
2,689 
12,855 
Accruals
9,700 
5,000 
Deferred income
- 
16,545 
59,013 
78,615 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
16,198 
26,450 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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