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REGISTERED NUMBER: 07475793 (England and Wales)















MASSEY PRODUCTIONS LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024






MASSEY PRODUCTIONS LTD (REGISTERED NUMBER: 07475793)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 8

MASSEY PRODUCTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: M Massey





REGISTERED OFFICE: Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL





REGISTERED NUMBER: 07475793 (England and Wales)





ACCOUNTANTS: FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL

MASSEY PRODUCTIONS LTD (REGISTERED NUMBER: 07475793)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 109,282 120,598

CURRENT ASSETS
Debtors 5 98,673 72,973
Cash at bank 126,165 137,931
224,838 210,904
CREDITORS
Amounts falling due within one year 6 81,972 76,709
NET CURRENT ASSETS 142,866 134,195
TOTAL ASSETS LESS CURRENT
LIABILITIES

252,148

254,793

CREDITORS
Amounts falling due after more than one
year

7

31,882

42,026
NET ASSETS 220,266 212,767

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 9 220,066 212,567
SHAREHOLDERS' FUNDS 220,266 212,767

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MASSEY PRODUCTIONS LTD (REGISTERED NUMBER: 07475793)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


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 27 August 2024 and were signed by:





M Massey - Director


MASSEY PRODUCTIONS LTD (REGISTERED NUMBER: 07475793)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Massey Productions Ltd is a private company, limited by shares , registered in England and Wales. 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Revenue 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and Machinery - 25% on cost
Fixtures and Fittings - 20% on cost
Motor Vehicles - 25% on cost
Computer Equipment - 33% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

MASSEY PRODUCTIONS LTD (REGISTERED NUMBER: 07475793)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Short Plant and and
leasehold Machinery Fittings
£    £    £   
COST
At 1 April 2023 26,500 216,852 1,536
Additions - 24,799 -
Disposals - (11,233 ) -
At 31 March 2024 26,500 230,418 1,536
DEPRECIATION
At 1 April 2023 - 125,690 1,312
Charge for year - 32,300 165
Eliminated on disposal - (7,509 ) -
At 31 March 2024 - 150,481 1,477
NET BOOK VALUE
At 31 March 2024 26,500 79,937 59
At 31 March 2023 26,500 91,162 224

Motor Computer
Vehicles Equipment Totals
£    £    £   
COST
At 1 April 2023 26,753 3,443 275,084
Additions - 1,243 26,042
Disposals (382 ) (359 ) (11,974 )
At 31 March 2024 26,371 4,327 289,152
DEPRECIATION
At 1 April 2023 26,750 734 154,486
Charge for year - 1,167 33,632
Eliminated on disposal (381 ) (358 ) (8,248 )
At 31 March 2024 26,369 1,543 179,870
NET BOOK VALUE
At 31 March 2024 2 2,784 109,282
At 31 March 2023 3 2,709 120,598

MASSEY PRODUCTIONS LTD (REGISTERED NUMBER: 07475793)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. PROPERTY, PLANT AND EQUIPMENT - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
Machinery
£   
COST
At 1 April 2023
and 31 March 2024 30,925
DEPRECIATION
At 1 April 2023 5,238
Charge for year 7,731
At 31 March 2024 12,969
NET BOOK VALUE
At 31 March 2024 17,956
At 31 March 2023 25,687

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 18,377 10,109
Other debtors 80,296 62,864
98,673 72,973

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,849 4,729
Hire purchase contracts 5,293 5,803
Trade creditors 28,182 21,871
Taxation and social security 29,926 34,676
Other creditors 13,722 9,630
81,972 76,709

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 27,030 31,881
Hire purchase contracts 4,852 10,145
31,882 42,026

MASSEY PRODUCTIONS LTD (REGISTERED NUMBER: 07475793)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
100 Ordinary B £1 100 100
200 200

9. RESERVES
Retained
earnings
£   

At 1 April 2023 212,567
Profit for the year 49,499
Dividends (42,000 )
At 31 March 2024 220,066

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
M Massey
Balance outstanding at start of year 44,839 9,117
Amounts advanced 59,528 112,169
Amounts repaid (44,839 ) (76,447 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 59,528 44,839

MASSEY PRODUCTIONS LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
MASSEY PRODUCTIONS LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on pages two to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL


27 August 2024