Registered number: 11227730 | ||||||||
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 | ||||||||
REGISTERED OFFICE | ||||||||
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 Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
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 | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
112,259 | 152,909 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT LIABILITIES | ( | (29,150) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 6 | 163,312 | 23,333 | |||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 7 | |||||||||
Profit and loss account | 201 | 147 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
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 | ||||||||
Fixtures and Fittings | straight line 25% | |||||||
Equipment | straight line 25% | |||||||
Motor Cars | straight 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 | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 1 | |||||
Paul Smith Comedy Ltd | ||||||||
3. TANGIBLE FIXED ASSETS | ||||||||
Fixtures | ||||||||
and Fittings | Equipment | Motor Cars | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 01/03/2023 | 18,412 | 56,058 | 58,995 | 133,465 | ||||
Additions | - | 70,952 | 210,000 | 280,952 | ||||
At 28/02/2024 | 18,412 | 127,010 | 268,995 | 414,417 | ||||
Depreciation | ||||||||
At 01/03/2023 | 9,532 | 41,804 | 29,498 | 80,834 | ||||
For the year | 3,469 | 24,687 | 67,249 | 95,405 | ||||
At 28/02/2024 | 13,001 | 66,491 | 96,747 | 176,239 | ||||
Net Book Amounts | ||||||||
At 28/02/2024 | 238,178 | |||||||
At 28/02/2023 | 52,631 | |||||||
4. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Other debtors | - | 115,453 | ||||||
Directors current account | 28,727 | 12,903 | ||||||
28,727 | 128,356 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
UK corporation tax | 123,598 | 105,801 | ||||||
VAT | 8,298 | 56,826 | ||||||
PAYE control | 1,100 | 845 | ||||||
Loans < 1yr | 10,000 | 10,000 | ||||||
Hire purchase | 33,839 | - | ||||||
Pension schemes | 88 | 87 | ||||||
Accruals | 10,000 | 8,500 | ||||||
186,923 | 182,059 | |||||||
Paul Smith Comedy Ltd | ||||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Loans >1yr | 13,333 | 23,333 | ||||||
Hire purchase >1yr | 149,979 | - | ||||||
163,312 | 23,333 | |||||||
7. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
1 | 1 | |||||||
1 | 1 | |||||||
New shares issued during period: | ||||||||
1 | 1 | 1 | ||||||