IRIS Accounts Production v24.2.0.383 13324585 director 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh133245852023-03-31133245852024-03-31133245852023-04-012024-03-31133245852022-04-30133245852022-05-012023-03-31133245852023-03-3113324585ns15:EnglandWales2023-04-012024-03-3113324585ns14:PoundSterling2023-04-012024-03-3113324585ns10:Director12023-04-012024-03-3113324585ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3113324585ns10:SmallEntities2023-04-012024-03-3113324585ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3113324585ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3113324585ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3113324585ns10:FullAccounts2023-04-012024-03-3113324585ns10:RegisteredOffice2023-04-012024-03-3113324585ns5:CurrentFinancialInstruments2024-03-3113324585ns5:CurrentFinancialInstruments2023-03-3113324585ns5:Non-currentFinancialInstruments2024-03-3113324585ns5:Non-currentFinancialInstruments2023-03-3113324585ns5:ShareCapital2024-03-3113324585ns5:ShareCapital2023-03-3113324585ns5:RetainedEarningsAccumulatedLosses2024-03-3113324585ns5:RetainedEarningsAccumulatedLosses2023-03-3113324585ns5:PlantMachinery2023-04-012024-03-3113324585ns5:FurnitureFittings2023-04-012024-03-3113324585ns5:ComputerEquipment2023-04-012024-03-3113324585ns5:PlantMachinery2023-03-3113324585ns5:FurnitureFittings2023-03-3113324585ns5:ComputerEquipment2023-03-3113324585ns5:PlantMachinery2024-03-3113324585ns5:FurnitureFittings2024-03-3113324585ns5:ComputerEquipment2024-03-3113324585ns5:PlantMachinery2023-03-3113324585ns5:FurnitureFittings2023-03-3113324585ns5:ComputerEquipment2023-03-3113324585ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3113324585ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 13324585 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

METHOD PRODUCTIONS LTD

METHOD PRODUCTIONS LTD (REGISTERED NUMBER: 13324585)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


METHOD PRODUCTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: Mr S A Hill





REGISTERED OFFICE: 139-141 Watling Street
Gillingham
Kent
ME7 2YY





REGISTERED NUMBER: 13324585 (England and Wales)





ACCOUNTANTS: Stephen Hill Partnership Limited
139-141 Watling Street
Gillingham
Kent
ME7 2YY

METHOD PRODUCTIONS LTD (REGISTERED NUMBER: 13324585)

BALANCE SHEET
31ST MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 76,737 78,670

CURRENT ASSETS
Debtors 5 50,728 64,543
Cash at bank 18,838 7,217
69,566 71,760
CREDITORS
Amounts falling due within one year 6 52,044 64,420
NET CURRENT ASSETS 17,522 7,340
TOTAL ASSETS LESS CURRENT
LIABILITIES

94,259

86,010

CREDITORS
Amounts falling due after more than one
year

7

(4,055

)

(18,298

)

PROVISIONS FOR LIABILITIES (17,128 ) (14,947 )
NET ASSETS 73,076 52,765

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 73,075 52,764
SHAREHOLDERS' FUNDS 73,076 52,765

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

METHOD PRODUCTIONS LTD (REGISTERED NUMBER: 13324585)

BALANCE SHEET - continued
31ST 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 24th October 2024 and were signed by:





Mr S A Hill - Director


METHOD PRODUCTIONS LTD (REGISTERED NUMBER: 13324585)

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

1. STATUTORY INFORMATION

Method 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discount's, rebates and value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying value amount and are recognised in the Income Statement.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

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.

METHOD PRODUCTIONS LTD (REGISTERED NUMBER: 13324585)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions.

Creditors
Short term creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st April 2023 82,721 3,046 9,393 95,160
Additions 4,823 3,959 14,108 22,890
At 31st March 2024 87,544 7,005 23,501 118,050
DEPRECIATION
At 1st April 2023 13,296 1,089 2,105 16,490
Charge for year 17,980 1,130 5,713 24,823
At 31st March 2024 31,276 2,219 7,818 41,313
NET BOOK VALUE
At 31st March 2024 56,268 4,786 15,683 76,737
At 31st March 2023 69,425 1,957 7,288 78,670

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 50,128 57,906
Other debtors 600 6,637
50,728 64,543

METHOD PRODUCTIONS LTD (REGISTERED NUMBER: 13324585)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 14,243 15,424
Trade creditors 95 38,136
Taxation and social security 35,508 8,173
Other creditors 2,198 2,687
52,044 64,420

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 4,055 18,298