Burning Bright Productions Limited |
Registered number: 07596302 |
Balance Sheet |
as at 31 March 2024 |
|
Notes |
|
|
2024 |
|
|
2023 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
3,813 |
|
|
2,943 |
|
Current assets |
Debtors |
4 |
|
303,466 |
|
|
273,742 |
Cash at bank and in hand |
|
|
1,222,866 |
|
|
1,449,301 |
|
|
|
1,526,332 |
|
|
1,723,043 |
|
Creditors: amounts falling due within one year |
5 |
|
(366,074) |
|
|
(904,138) |
|
Net current assets |
|
|
|
1,160,258 |
|
|
818,905 |
|
Total assets less current liabilities |
|
|
|
1,164,071 |
|
|
821,848 |
|
|
Provisions for liabilities |
|
|
|
(953) |
|
|
(559) |
|
|
Net assets |
|
|
|
1,163,118 |
|
|
821,289 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
178 |
|
|
178 |
Share premium |
|
|
|
447,972 |
|
|
447,972 |
Profit and loss account |
|
|
|
714,968 |
|
|
373,139 |
|
Shareholders' funds |
|
|
|
1,163,118 |
|
|
821,289 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their 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. |
|
|
|
|
Clive Tulloh |
Director |
Approved by the board on 31 May 2024 |
|
Burning Bright Productions Limited |
Notes to the Accounts |
for the year ended 31 March 2024 |
|
|
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 and attributable profit are recognised in accordance with the company's right to receive revenue based on the contracted position, mainly on the delivery of completed programmes. Provision is made for overspends/losses as soon as they are identified. Revenues on programmes distributed to third parties and other ancillary revenues are recognised once the company has been notified of such sums due to it. |
|
|
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 |
33% straight line |
|
|
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. |
|
|
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. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
2 |
Employees |
2024 |
|
2023 |
Number |
Number |
|
|
Average number of persons employed by the company |
5 |
|
8 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
£ |
|
Cost |
|
At 1 April 2023 |
11,442 |
|
Additions |
2,496 |
|
At 31 March 2024 |
13,938 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2023 |
8,499 |
|
Charge for the year |
1,626 |
|
At 31 March 2024 |
10,125 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2024 |
3,813 |
|
At 31 March 2023 |
2,943 |
|
|
4 |
Debtors |
2024 |
|
2023 |
£ |
£ |
|
|
Trade debtors |
121,128 |
|
117,238 |
|
Other debtors |
182,338 |
|
156,504 |
|
|
|
|
|
|
303,466 |
|
273,742 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
|
|
Trade creditors |
31,816 |
|
44,322 |
|
Corporation tax |
95,374 |
|
8,947 |
|
Other taxes and social security costs |
86,080 |
|
357,613 |
|
Other creditors |
152,804 |
|
493,256 |
|
|
|
|
|
|
366,074 |
|
904,138 |
|
|
|
|
|
|
|
|
|
|
6 |
Related party transactions |
|
|
PBJ Management Ltd (a 25% shareholder with board representation) charged for services of Peter Bennett-Jones amounting to £19,000 (Prev Yr: £15,000) and for the talent it manages an amount of £41,655 (Prev Yr: £158,500). Al transactions were conducted at fair market value. |
|
|
7 |
Other information |
|
|
Burning Bright Productions Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
22 Rathbone Street |
|
London |
|
W1T 1LG |