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Registered number: 04872054
Rejuvenate Productions Limited
Financial Statements
For The Year Ended 31 March 2024
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04872054
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 22,002 23,010
22,002 23,010
CURRENT ASSETS
Stocks 6 20,798 16,770
Debtors 7 241,141 397,489
Cash at bank and in hand 18,343 89,315
280,282 503,574
Creditors: Amounts Falling Due Within One Year 8 (92,537 ) (96,181 )
NET CURRENT ASSETS (LIABILITIES) 187,745 407,393
TOTAL ASSETS LESS CURRENT LIABILITIES 209,747 430,403
Creditors: Amounts Falling Due After More Than One Year 9 (12,387 ) (22,680 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,400 ) (4,984 )
NET ASSETS 192,960 402,739
CAPITAL AND RESERVES
Called up share capital 10 6,666 6,666
Capital redemption reserve 3,333 3,333
Profit and Loss Account 182,961 392,740
SHAREHOLDERS' FUNDS 192,960 402,739
Page 1
Page 2
For the year ending 31 March 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Leon Hannath
Director
Mr Joel Hayes
Director
18 November 2024
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Rejuvenate Productions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04872054 . The registered office is Deck 3, The Waterscape, 42 Leeds & Bradford Road, Leeds, LS5 3EG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue derived from the rendering of services and is reduced for estimated customer returns, rebates and other similar allowances.
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of ten years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes.
In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax is calculated using the tax rates and laws that that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of the timing difference.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 13)
12 13
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 162,000
As at 31 March 2024 162,000
Amortisation
As at 1 April 2023 162,000
As at 31 March 2024 162,000
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 April 2023 68,634
Additions 4,191
As at 31 March 2024 72,825
...CONTINUED
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Depreciation
As at 1 April 2023 45,624
Provided during the period 5,199
As at 31 March 2024 50,823
Net Book Value
As at 31 March 2024 22,002
As at 1 April 2023 23,010
6. Stocks
2024 2023
£ £
Work in progress 20,798 16,770
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 111,799 144,818
Other debtors 129,342 252,671
241,141 397,489
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,551 1,151
Bank loans and overdrafts 10,000 9,707
Other creditors 10,790 10,213
Taxation and social security 70,196 75,110
92,537 96,181
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 12,387 22,680
12,387 22,680
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10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 6,666 6,666
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Leon Hannath 124,361 78,582 (198,478 ) - 4,465
Mr Joel Hayes 120,016 77,456 (81,000 ) - 116,472
The above loans are unsecured, interest free and repayable on demand.
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