2023-03-012024-02-292024-02-29false09979704RULE ONE PRODUCTIONS 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RULE ONE PRODUCTIONS LIMITED

Registered Number
09979704
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

RULE ONE PRODUCTIONS LIMITED
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

BATSON, Josef
MULCAHY, Nicholas

Registered Address

C/O Partners In Enterprise Ltd Ground & Lower Ground Floor
9 St Georges Place
Brighton
BN1 4GB

Registered Number

09979704 (England and Wales)
RULE ONE PRODUCTIONS LIMITED
Statement of Financial Position
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets330,29931,044
30,29931,044
Current assets
Debtors50,719192,024
Cash at bank and on hand49,929181,986
100,648374,010
Creditors amounts falling due within one year4(102,115)(250,218)
Net current assets (liabilities)(1,467)123,792
Total assets less current liabilities28,832154,836
Creditors amounts falling due after one year5(17,784)(25,200)
Net assets11,048129,636
Capital and reserves
Called up share capital22
Profit and loss account11,046129,634
Shareholders' funds11,048129,636
The financial statements were approved and authorised for issue by the Board of Directors on 20 November 2024, and are signed on its behalf by:
BATSON, Josef
Director
MULCAHY, Nicholas
Director

Registered Company No. 09979704
RULE ONE PRODUCTIONS LIMITED
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery20
Fixtures and fittings20
Vehicles20
Office Equipment20
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 March 2357,8386,0004,9556,42775,220
Additions831-5,067-5,898
At 29 February 2458,6696,00010,0226,42781,118
Depreciation and impairment
At 01 March 2337,2414,741-2,19444,176
Charge for year5,530252-8616,643
At 29 February 2442,7714,993-3,05550,819
Net book value
At 29 February 2415,8981,00710,0223,37230,299
At 28 February 2320,5971,2594,9554,23331,044
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables86,863113,389
Bank borrowings and overdrafts5,61720,804
Taxation and social security9,635116,025
Total102,115250,218
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.
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts17,78425,200
Total17,78425,200