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REGISTERED NUMBER: 08834887 (England and Wales)















Financial Statements

for the Year Ended 30 January 2024

for

HEADY MIX PRODUCTIONS LIMITED

HEADY MIX PRODUCTIONS LIMITED (REGISTERED NUMBER: 08834887)

Contents of the Financial Statements
for the year ended 30 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HEADY MIX PRODUCTIONS LIMITED

Company Information
for the year ended 30 January 2024







Director: Miss J Jones





Registered office: 3rd Floor
Marlborough House
298 Regents Park Road
Finchley
London
N3 2SZ





Registered number: 08834887 (England and Wales)





Accountants: Duncan & Toplis Limited
3rd Floor, Marlborough House
298 Regents Park Road
Finchley
London
N3 2SZ

HEADY MIX PRODUCTIONS LIMITED (REGISTERED NUMBER: 08834887)

Balance Sheet
30 January 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 3,255 1,739

Current assets
Debtors 5 248,029 357,529
Cash at bank 110,211 3
358,240 357,532
Creditors
Amounts falling due within one year 6 77,891 124,055
Net current assets 280,349 233,477
Total assets less current liabilities 283,604 235,216

Provisions for liabilities 7 814 330
Net assets 282,790 234,886

Capital and reserves
Called up share capital 8 2 2
Retained earnings 282,788 234,884
Shareholders' funds 282,790 234,886

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 January 2025 and were signed by:





Miss J Jones - Director


HEADY MIX PRODUCTIONS LIMITED (REGISTERED NUMBER: 08834887)

Notes to the Financial Statements
for the year ended 30 January 2024


1. Statutory information

Heady Mix Productions Limited 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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed off.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective
interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and compromise cash in hand and at bank which are an integral part of the company's cash management.

Financial liabilities and equity instruments issued by the company are classified in accordance with the
substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. As equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


HEADY MIX PRODUCTIONS LIMITED (REGISTERED NUMBER: 08834887)

Notes to the Financial Statements - continued
for the year ended 30 January 2024


2. Accounting policies - continued
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.

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 2 (2023 - 2 ) .

4. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£ £ £
Cost
At 31 January 2023 549 3,088 3,637
Additions 2,601 - 2,601
At 30 January 2024 3,150 3,088 6,238
Depreciation
At 31 January 2023 163 1,735 1,898
Charge for year 747 338 1,085
At 30 January 2024 910 2,073 2,983
Net book value
At 30 January 2024 2,240 1,015 3,255
At 30 January 2023 386 1,353 1,739

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 243,948 353,448
Other debtors 4,081 4,081
248,029 357,529

6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts - 10,206
Trade creditors - 633
Taxation and social security 75,682 76,396
Other creditors 2,209 36,820
77,891 124,055

7. Provisions for liabilities
2024 2023
£ £
Deferred tax 814 330

HEADY MIX PRODUCTIONS LIMITED (REGISTERED NUMBER: 08834887)

Notes to the Financial Statements - continued
for the year ended 30 January 2024


7. Provisions for liabilities - continued

Deferred tax
£
Balance at 31 January 2023 330
Provided during year 484
Balance at 30 January 2024 814

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1 Ordinary £1 1 1
1 Ordinary £ 1 1 1
2 2

The shares rank pari passu.

9. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the year ended 30 January 2024 and the period ended 30 January 2023:

2024 2023
£ £
Miss J Jones
Balance outstanding at start of year (244 ) 22,450
Amounts advanced 118,297 80,012
Amounts repaid (118,812 ) (102,706 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (759 ) (244 )