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REGISTERED NUMBER: SC382157 (Scotland)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

ACONITE PRODUCTIONS LTD

ACONITE PRODUCTIONS LTD (REGISTERED NUMBER: SC382157)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ACONITE PRODUCTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: Aimara Reques





SECRETARY: Aimara Reques





REGISTERED OFFICE: Suite 5, Burgh Business Centre
75 King Street
Rutherglen
Glasgow
G73 1JS





REGISTERED NUMBER: SC382157 (Scotland)





ACCOUNTANTS: Stewart Gilmour & Co.
3rd Floor
St George's Buildings
5 St Vincent Place
Glasgow
G1 2DH

ACONITE PRODUCTIONS LTD (REGISTERED NUMBER: SC382157)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 995 1,326

CURRENT ASSETS
Debtors 5 86,173 77,338
Cash at bank 703 -
86,876 77,338
CREDITORS
Amounts falling due within one year 6 367,917 302,280
NET CURRENT LIABILITIES (281,041 ) (224,942 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(280,046

)

(223,616

)

CREDITORS
Amounts falling due after more than one
year

7

12,051

17,473
NET LIABILITIES (292,097 ) (241,089 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Share premium 65,740 65,740
Retained earnings (357,937 ) (306,929 )
SHAREHOLDERS' FUNDS (292,097 ) (241,089 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ACONITE PRODUCTIONS LTD (REGISTERED NUMBER: SC382157)

BALANCE SHEET - continued
30 NOVEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 November 2024 and were signed by:





Aimara Reques - Director


ACONITE PRODUCTIONS LTD (REGISTERED NUMBER: SC382157)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Aconite Productions Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The company incurred a loss after taxation of £47,619 during the year ended 30 November 2023 and at that date its current liabilities exceeded its current assets by £281,041. The company is thus dependent on the continuing financial support of its director, investors and other creditors. The director is confident of this continuing support and of the company's long-term trading prospects and on this basis considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments which would result from the withdrawal of this financial support.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 25% on cost

Government grants
Government grants received in respect of expenditure charged to the profit and loss account during the year have been included in the profit and loss account.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

ACONITE PRODUCTIONS LTD (REGISTERED NUMBER: SC382157)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into Sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into Sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 December 2022
and 30 November 2023 11,236
DEPRECIATION
At 1 December 2022 9,910
Charge for year 331
At 30 November 2023 10,241
NET BOOK VALUE
At 30 November 2023 995
At 30 November 2022 1,326

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 86,173 77,338

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,159 23,425
Trade creditors 2,080 2,080
Taxation and social security 335 335
Other creditors 360,343 276,440
367,917 302,280

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 12,051 17,473

ACONITE PRODUCTIONS LTD (REGISTERED NUMBER: SC382157)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100