Registered number
02574786
Ian Stephenson Productions Limited
Filleted Accounts
30 April 2024
Ian Stephenson Productions Limited
Registered number: 02574786
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Current assets
Debtors 4 934 124
Cash at bank and in hand 55,240 37,106
56,174 37,230
Creditors: amounts falling due within one year 5 (83,053) (69,893)
Net current liabilities (26,879) (32,663)
Net liabilities (26,879) (32,663)
Capital and reserves
Called up share capital 900 900
Profit and loss account (27,779) (33,563)
Shareholders' funds (26,879) (32,663)
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.
I Stephenson
Director
Approved by the board on 8 January 2025
Ian Stephenson Productions Limited
Notes to the Accounts
for the year ended 30 April 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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 25% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 2,787
At 30 April 2024 2,787
Depreciation
At 1 May 2023 2,787
At 30 April 2024 2,787
Net book value
At 30 April 2024 -
4 Debtors 2024 2023
£ £
Trade debtors 934 -
Other debtors - 124
934 124
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 25,648 25,648
Directors loans 53,421 41,970
Other taxes and social security costs 159 -
Other creditors 3,825 2,275
83,053 69,893
6 Other information
Ian Stephenson Productions Limited is a private company limited by shares and incorporated in England. Its registered office is:
Boathouses 1 St John's Road
Hove
Brighton
East Sussex
BN3 2FB
Ian Stephenson Productions Limited 02574786 false 2023-05-01 2024-04-30 2024-04-30 VT Final Accounts July 2024 I Stephenson No description of principal activity 02574786 2022-05-01 2023-04-30 02574786 core:WithinOneYear 2023-04-30 02574786 core:ShareCapital 2023-04-30 02574786 core:RetainedEarningsAccumulatedLosses 2023-04-30 02574786 2023-05-01 2024-04-30 02574786 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 02574786 bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 02574786 bus:Director40 2023-05-01 2024-04-30 02574786 1 2023-05-01 2024-04-30 02574786 2 2023-05-01 2024-04-30 02574786 countries:England 2023-05-01 2024-04-30 02574786 bus:FRS102 2023-05-01 2024-04-30 02574786 bus:FilletedAccounts 2023-05-01 2024-04-30 02574786 2024-04-30 02574786 core:WithinOneYear 2024-04-30 02574786 core:ShareCapital 2024-04-30 02574786 core:RetainedEarningsAccumulatedLosses 2024-04-30 02574786 core:PlantMachinery 2024-04-30 02574786 2023-04-30 02574786 core:PlantMachinery 2023-04-30 iso4217:GBP xbrli:pure