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REGISTERED NUMBER: 09553298 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Off the Wall Entertainment Ltd.

Off the Wall Entertainment Ltd. (Registered number: 09553298)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Off the Wall Entertainment Ltd.

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr M J Morris
Mrs G L Morris





REGISTERED OFFICE: 15 The Mount
Uckfield
East Sussex
TN22 1DD





REGISTERED NUMBER: 09553298 (England and Wales)





ACCOUNTANTS: Always Accounting Limited
Office 3
Monkhurst House
Sandy Cross Lane
Heathfield
East Sussex
TN21 8QR

Off the Wall Entertainment Ltd. (Registered number: 09553298)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 170 204
Tangible assets 5 7,566 11,789
7,736 11,993

CURRENT ASSETS
Debtors 6 4,221 7,168
Cash at bank 15,574 6,430
19,795 13,598
CREDITORS
Amounts falling due within one year 7 17,809 12,790
NET CURRENT ASSETS 1,986 808
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,722

12,801

CREDITORS
Amounts falling due after more than one year 8 3,537 8,937
NET ASSETS 6,185 3,864

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 6,183 3,862
6,185 3,864

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 Board of Directors and authorised for issue on 23 January 2025 and were signed on its behalf by:





Mr M J Morris - Director


Off the Wall Entertainment Ltd. (Registered number: 09553298)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Off the Wall Entertainment 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Income is recognised when the service has been provided and the contract has been completed.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trade marks are being amortised evenly over their estimated useful life of ten years.

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 cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Off the Wall Entertainment Ltd. (Registered number: 09553298)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. INTANGIBLE FIXED ASSETS
Trade
marks
£   
COST
At 1 May 2023
and 30 April 2024 340
AMORTISATION
At 1 May 2023 136
Amortisation for year 34
At 30 April 2024 170
NET BOOK VALUE
At 30 April 2024 170
At 30 April 2023 204

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023 21,555 11,079 6,803 39,437
Additions 4,281 - - 4,281
Disposals (6,782 ) - - (6,782 )
At 30 April 2024 19,054 11,079 6,803 36,936
DEPRECIATION
At 1 May 2023 15,265 7,244 5,139 27,648
Charge for year 3,271 1,796 869 5,936
Eliminated on disposal (4,214 ) - - (4,214 )
At 30 April 2024 14,322 9,040 6,008 29,370
NET BOOK VALUE
At 30 April 2024 4,732 2,039 795 7,566
At 30 April 2023 6,290 3,835 1,664 11,789

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 4,041 6,981
Tax - 7
Prepayments 180 180
4,221 7,168

Off the Wall Entertainment Ltd. (Registered number: 09553298)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 3,811 3,000
Tax 4,508 4,444
Deferred tax 1,438 2,806
Directors' current accounts 706 980
Accruals and deferred income 7,298 1,512
Accrued expenses 48 48
17,809 12,790

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans - 1-2 years 3,537 6,000
Bank loans - 2-5 years - 471
Other creditors - 2,466
3,537 8,937

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
Mr M J Morris
Balance outstanding at start of year 490 561
Amounts advanced 3,708 759
Amounts repaid (3,845 ) (830 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 353 490

Mrs G L Morris
Balance outstanding at start of year 490 561
Amounts advanced 3,708 759
Amounts repaid (3,845 ) (830 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 353 490