11227730falsethe Performing Arts:Comedy2023-03-012024-02-28http://www.companieshouse.gov.uk/2023-02-28http://www.companieshouse.gov.uk/pt:ShareCapital2023-02-28http://www.companieshouse.gov.uk/cd:Director12023-03-012024-02-28http://www.companieshouse.gov.uk/pt:ShareCapital2024-02-28http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-02-28http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-02-28http://www.companieshouse.gov.uk/pt:FurnitureFittings2024-02-28http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-03-012024-02-28http://www.companieshouse.gov.uk/pt:MotorCars2023-02-28http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-02-28http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-03-012024-02-28http://www.companieshouse.gov.uk/pt:MotorCars2024-02-28http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-03-012024-02-28http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-02-28http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-02-28http://www.companieshouse.gov.uk/2023-03-012024-02-28http://www.companieshouse.gov.uk/2023-02-28http://www.companieshouse.gov.uk/cd:FRS1022023-03-012024-02-28http://www.companieshouse.gov.uk/2024-02-28http://www.companieshouse.gov.uk/cd:FullAccounts2023-03-012024-02-28http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-03-012024-02-28iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 11227730

Paul Smith Comedy Ltd

ACCOUNTS
FOR THE YEAR ENDED 28/02/2024

Prepared By:
Harvey Guinan LLP
Chartered Certified Accountants
Unit 17 Mersey House
Matchworks Estate, 140 Speke Road
Liverpool
Merseyside
L19 2PH

Paul Smith Comedy Ltd

ACCOUNTS
FOR THE YEAR ENDED 28/02/2024
DIRECTORS
Paul Smith
REGISTERED OFFICE
Unit 17, Mersey House
140 Speke House
Liverpool
L19 2PH
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 11227730
BANKERS
Santander
ACCOUNTANTS
Harvey Guinan LLP
Chartered Certified Accountants
Unit 17 Mersey House
Matchworks Estate, 140 Speke Road
Liverpool
Merseyside
L19 2PH

Paul Smith Comedy Ltd

ACCOUNTS
FOR THEYEARENDED28/02/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Paul Smith Comedy Ltd

BALANCE SHEET AT 28/02/2024
20242023
Notes££
FIXED ASSETS
Tangible assets3238,17852,631
CURRENT ASSETS
Debtors428,727128,356
Cash at bank and in hand83,53224,553
112,259152,909
CREDITORS: Amounts falling due within one year5186,923182,059
NET CURRENT LIABILITIES(74,664)(29,150)
TOTAL ASSETS LESS CURRENT LIABILITIES163,51423,481
CREDITORS: Amounts falling due after more than one year6163,31223,333
NET ASSETS202148
CAPITAL AND RESERVES
Called up share capital711
Profit and loss account201147
SHAREHOLDERS' FUNDS202148
For the year ending 28/02/2024 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 04/11/2024 and signed on their behalf by
.............................
Paul Smith
Director

Paul Smith Comedy Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 28/02/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsstraight line 25%
Equipmentstraight line 25%
Motor Carsstraight line 25%
1c. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1d. Policy For Revenue Recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is recognized when: - the amount of revenue can be measured reliably; - it is probable that the economic benefits associated with the transaction will flow to the company; and - the costs incurred or to be incurred in respect of the transition can be measured reliably. - the service has been performed and delivered. Specifically, revenue from the sale of goods is recognised when the goods are delivered and legal title has passed.
1e. Leases
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.
2. EMPLOYEES
20242023
No.No.
Average number of employees21

Paul Smith Comedy Ltd

3. TANGIBLE FIXED ASSETS
Fixtures
and FittingsEquipmentMotor CarsTotal
££££
Cost
At 01/03/202318,41256,05858,995133,465
Additions-70,952210,000280,952
At 28/02/202418,412127,010268,995414,417
Depreciation
At 01/03/20239,53241,80429,49880,834
For the year3,46924,68767,24995,405
At 28/02/202413,00166,49196,747176,239
Net Book Amounts
At 28/02/20245,41160,519172,248238,178
At 28/02/20238,88014,25429,49752,631
4. DEBTORS 20242023
££
Amounts falling due within one year
Other debtors-115,453
Directors current account28,72712,903
28,727128,356
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax123,598105,801
VAT8,29856,826
PAYE control1,100845
Loans < 1yr10,00010,000
Hire purchase33,839-
Pension schemes8887
Accruals10,0008,500
186,923182,059

Paul Smith Comedy Ltd

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Loans >1yr13,33323,333
Hire purchase >1yr149,979-
163,31223,333
7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11
New shares issued during period:
1 Ordinary shares of £1 each11