Registered number
02694241
Late Tuesday Night Productions Ltd
Filleted Accounts
30 April 2024
Late Tuesday Night Productions Ltd
Registered number: 02694241
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 91,161 91,681
Current assets
Debtors 4 130,563 128,031
Cash at bank and in hand 178,472 216,130
309,035 344,161
Creditors: amounts falling due within one year 5 (130,008) (168,825)
Net current assets 179,027 175,336
Total assets less current liabilities 270,188 267,017
Creditors: amounts falling due after more than one year 6 (31,481) (36,728)
Provisions for liabilities (22,511) (22,580)
Net assets 216,196 207,709
Capital and reserves
Called up share capital 6 6
Profit and loss account 216,190 207,703
Shareholders' funds 216,196 207,709
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.
P G Y Sun
Director
Approved by the board on 27 November 2024
Late Tuesday Night Productions Ltd
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 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.
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 at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office Equipment over 3.33 years
Hire equipment over 3.33 years
Motor vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is the invoice price). Loans and other financial liabilities are initially recognised at transaction price.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. 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. 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. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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 4 3
3 Tangible fixed assets
Motor vehicles Office equipment Hire equipment Total
£ £ £ £
Cost
At 1 May 2023 23,995 20,664 441,427 486,086
Additions - 8,407 38,254 46,661
At 30 April 2024 23,995 29,071 479,681 532,747
Depreciation
At 1 May 2023 4,832 16,156 373,417 394,405
Charge for the year 4,791 3,970 38,420 47,181
At 30 April 2024 9,623 20,126 411,837 441,586
Net book value
At 30 April 2024 14,372 8,945 67,844 91,161
At 30 April 2023 19,163 4,508 68,010 91,681
4 Debtors 2024 2023
£ £
Trade debtors 113,403 114,943
Other debtors 17,160 13,088
130,563 128,031
5 Creditors: amounts falling due within one year 2024 2023
£ £
Shareholders loan account 32,500 77,500
Bank loans 5,556 5,956
Trade creditors 46,990 33,377
Taxation and social security costs 35,629 49,668
Other creditors 9,333 2,324
130,008 168,825
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 31,481 36,728
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
D P Blinston
Directors loan account 2,324 (12,991) 20,000 9,333
2,324 (12,991) 20,000 9,333
8 Related party transactions
One of company shareholders, Sunequip Ltd, is a related party. The sum of £65,000 was repaid during the year and a dividend of £20,000 was voted. The sum of £32,500 is owing to Sunequip Ltd at the year end.
9 Controlling party
The company is controlled by its directors.
10 Other information
Late Tuesday Night Productions Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 29 Liberty Close
Woolsbridge Industrial Estate
Wimborne
Dorset
BH21 6SY
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