Registered number
10479190
Falcon Productions Bristol Limited
Filleted Accounts
30 November 2023
Falcon Productions Bristol Limited
Registered number: 10479190
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 24,290 32,634
Investments 4 500 500
24,790 33,134
Current assets
Cash at bank and in hand 837 4,359
Creditors: amounts falling due within one year 5 (133,076) (121,270)
Net current liabilities (132,239) (116,911)
Total assets less current liabilities (107,449) (83,777)
Provisions for liabilities (4,627) (6,201)
Net liabilities (112,076) (89,978)
Capital and reserves
Called up share capital 2 2
Profit and loss account (112,078) (89,980)
Shareholder's funds (112,076) (89,978)
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.
Mr Duncan Parker
Director
Approved by the board on 11 November 2024
Falcon Productions Bristol Limited
Notes to the Accounts
for the year ended 30 November 2023
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 (as applied to small entities by section 1A of the standard).
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 sale of goods and from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% straight line
Motor vehicles 25% reducing balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2022 32,231 20,500 52,731
Additions - 16,716 16,716
Disposals - (20,500) (20,500)
At 30 November 2023 32,231 16,716 48,947
Depreciation
At 1 December 2022 14,972 5,125 20,097
Charge for the year 5,491 4,194 9,685
On disposals - (5,125) (5,125)
At 30 November 2023 20,463 4,194 24,657
Net book value
At 30 November 2023 11,768 12,522 24,290
At 30 November 2022 17,259 15,375 32,634
4 Investments
Other
investments
£
Cost
At 1 December 2022 500
At 30 November 2023 500
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 882 432
Directors' loan account 129,990 119,154
Taxation and social security costs 854 435
Other creditors 1,350 1,249
133,076 121,270
6 Other information
Falcon Productions Bristol Limited is a private company limited by shares and incorporated in England. Its registered office is:
Studio 5, St. Andrews Road
Montpelier
Bristol
BS6 5EH
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