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REGISTERED NUMBER: 08171611 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

APPLE PEEL PRODUCTIONS LTD

APPLE PEEL PRODUCTIONS LTD (REGISTERED NUMBER: 08171611)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


APPLE PEEL PRODUCTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mr N J Allen
Mr L Garrett





SECRETARY: Mrs H Allen





REGISTERED OFFICE: Unit 6 Speedfields Park
Newgate Lane
Fareham
Hampshire
PO14 1TL





REGISTERED NUMBER: 08171611 (England and Wales)





ACCOUNTANTS: Gibson Whitter
Chartered Accountants
and Chartered Tax Advisers
Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP

APPLE PEEL PRODUCTIONS LTD (REGISTERED NUMBER: 08171611)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 380,020 316,265

CURRENT ASSETS
Debtors 5 218,447 185,003
Cash at bank 385,156 341,074
603,603 526,077
CREDITORS
Amounts falling due within one year 6 272,135 287,403
NET CURRENT ASSETS 331,468 238,674
TOTAL ASSETS LESS CURRENT
LIABILITIES

711,488

554,939

CREDITORS
Amounts falling due after more than one
year

7

(83,658

)

(27,557

)

PROVISIONS FOR LIABILITIES 10 (92,985 ) (76,486 )
NET ASSETS 534,845 450,896

CAPITAL AND RESERVES
Called up share capital 15 15
Retained earnings 534,830 450,881
534,845 450,896

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

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

The directors acknowledge their 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.

APPLE PEEL PRODUCTIONS LTD (REGISTERED NUMBER: 08171611)

BALANCE SHEET - continued
31 AUGUST 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 and authorised for issue by the Board of Directors and authorised for issue on 14 January 2025 and were signed on its behalf by:





Mr N J Allen - Director


APPLE PEEL PRODUCTIONS LTD (REGISTERED NUMBER: 08171611)

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

1. STATUTORY INFORMATION

Apple Peel 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 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 etc - 33% on cost and 20% 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 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.

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.

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

APPLE PEEL PRODUCTIONS LTD (REGISTERED NUMBER: 08171611)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 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 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 1,123,900
Additions 220,288
Disposals (12,695 )
At 31 August 2024 1,331,493
DEPRECIATION
At 1 September 2023 807,635
Charge for year 156,533
Eliminated on disposal (12,695 )
At 31 August 2024 951,473
NET BOOK VALUE
At 31 August 2024 380,020
At 31 August 2023 316,265

APPLE PEEL PRODUCTIONS LTD (REGISTERED NUMBER: 08171611)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 September 2023 328,232
Additions 149,848
Transfer to ownership (264,672 )
At 31 August 2024 213,408
DEPRECIATION
At 1 September 2023 296,162
Charge for year 30,194
Transfer to ownership (249,276 )
At 31 August 2024 77,080
NET BOOK VALUE
At 31 August 2024 136,328
At 31 August 2023 32,070

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 149,730 126,397
Other debtors 68,717 58,606
218,447 185,003

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 10,144 10,091
Hire purchase contracts (see note 8) 56,919 68,738
Trade creditors 38,409 31,554
Taxation and social security 85,218 103,372
Other creditors 81,445 73,648
272,135 287,403

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 8,184 18,240
Hire purchase contracts (see note 8) 75,474 9,317
83,658 27,557

APPLE PEEL PRODUCTIONS LTD (REGISTERED NUMBER: 08171611)

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

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.8.24 31.8.23
£    £   
Net obligations repayable:
Within one year 56,919 68,738
Between one and five years 75,474 9,317
132,393 78,055

Non-cancellable operating leases
31.8.24 31.8.23
£    £   
Within one year 93,100 93,100
Between one and five years 147,408 240,508
240,508 333,608

9. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Hire purchase contracts 132,393 78,055

The hire purchase contracts are secured against the assets being financed.

10. PROVISIONS FOR LIABILITIES
31.8.24 31.8.23
£    £   
Deferred tax 92,985 76,486

Deferred
tax
£   
Balance at 1 September 2023 76,486
Provided during year 16,499
Balance at 31 August 2024 92,985

11. RELATED PARTY DISCLOSURES

The aggregate amount the company owed to the directors at the balance sheet date was £72,666 (31.8.23: £70,903).

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr N and Mrs H Allen.