Company Registration No. 11298470 (England and Wales)
Slackline Productions Ltd
Unaudited accounts
for the year ended 30 April 2024
Slackline Productions Ltd
Unaudited accounts
Contents
Slackline Productions Ltd
Company Information
for the year ended 30 April 2024
Director
Kristin Colleen Duffy
Company Number
11298470 (England and Wales)
Registered Office
8 Rutland Park Gardens
London
NW2 4RG
England
Accountants
Accounts and Legal Consultants Ltd
Suite 1-3, The Hop Exchange
24 Southwark Street
London
SE1 1TY
Slackline Productions Ltd
Accountants' report
Accountants' report to the director of Slackline Productions Ltd on the preparation of the unaudited statutory accounts for the year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Slackline Productions Ltd for the year ended
30 April 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Slackline Productions Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Slackline Productions Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Slackline Productions Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Slackline Productions Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Slackline Productions Ltd. You consider that Slackline Productions Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Slackline Productions Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Accounts and Legal Consultants Ltd
Suite 1-3, The Hop Exchange
24 Southwark Street
London
SE1 1TY
30 November 2023
Slackline Productions Ltd
Statement of financial position
as at 30 April 2024
Cash at bank and in hand
133,448
134,764
Creditors: amounts falling due within one year
(204,552)
(200,341)
Net current liabilities
(71,104)
(65,577)
Net liabilities
(71,104)
(63,812)
Called up share capital
100
100
Profit and loss account
(71,204)
(63,912)
Shareholders' funds
(71,104)
(63,812)
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 November 2024 and were signed on its behalf by
Kristin Colleen Duffy
Director
Company Registration No. 11298470
Slackline Productions Ltd
Notes to the Accounts
for the year ended 30 April 2024
Slackline Productions Ltd is a private company, limited by shares, registered in England and Wales, registration number 11298470. The registered office is 8 Rutland Park Gardens, London, NW2 4RG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
These accounts have been prepared on the going concern basis, on the understanding that the director will continue to financially support the company during this uncertain period.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Effective years 5 Years.
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.
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Slackline Productions Ltd
Notes to the Accounts
for the year ended 30 April 2024
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
6
Creditors: amounts falling due within one year
2024
2023
Loans from directors
204,552
200,341
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).