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REGISTERED NUMBER: SC188201 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Demus Productions Limited

Demus Productions Limited (Registered number: SC188201)






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


Demus Productions Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: N Low
G Smith





SECRETARY: G Smith





REGISTERED OFFICE: Pavilion 1
Finnieston Business Park
Minerva Way
Glasgow
G3 8AU





REGISTERED NUMBER: SC188201 (Scotland)





ACCOUNTANTS: Gerber Landa & Gee
Chartered Accountants
Pavilion 1
Finnieston Business Park
Minerva Way
GLASGOW
G3 8AU

Demus Productions Limited (Registered number: SC188201)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,245 5,470

CURRENT ASSETS
Debtors 5 13,499 25,733
Cash at bank 65,137 8,365
78,636 34,098
CREDITORS
Amounts falling due within one year 6 48,558 40,425
NET CURRENT ASSETS/(LIABILITIES) 30,078 (6,327 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,323

(857

)

PROVISIONS FOR LIABILITIES 306 891
NET ASSETS/(LIABILITIES) 32,017 (1,748 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 31,917 (1,848 )
SHAREHOLDERS' FUNDS 32,017 (1,748 )

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.

Demus Productions Limited (Registered number: SC188201)

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 by the Board of Directors and authorised for issue on 30 January 2025 and were signed on its behalf by:




N Low - Director



G Smith - Director


Demus Productions Limited (Registered number: SC188201)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Demus Productions Limited is a private company, limited by shares , registered in Scotland. 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 represents amounts receivable for the production of television and radio shows with income being recognised over the period of the production, excluding sales tax.

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 etc - 33% on cost, 20% on cost and 10% on cost

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairments. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term creditors are measured at transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using effective interest method.

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.

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.

Demus Productions Limited (Registered number: SC188201)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 176,480
DEPRECIATION
At 1 September 2023 171,010
Charge for year 3,225
At 31 August 2024 174,235
NET BOOK VALUE
At 31 August 2024 2,245
At 31 August 2023 5,470

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 2,938 19,785
Social Security 80 80
Tax - 2,959
Accrued income 9,130 595
Prepayments 1,351 2,314
13,499 25,733

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Tax 9,277 -
VAT 27,363 21,108
Other creditors - 317
Directors' current accounts 7,618 917
Accruals and deferred income - 13,750
Accrued expenses 4,300 4,333
48,558 40,425

Demus Productions Limited (Registered number: SC188201)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
N Low
Balance outstanding at start of year (458 ) 316
Amounts advanced 9,232 32,423
Amounts repaid (12,582 ) (33,197 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,808 ) (458 )

G Smith
Balance outstanding at start of year (459 ) 315
Amounts advanced 9,232 32,423
Amounts repaid (12,582 ) (33,197 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,809 ) (459 )

The above loans are interest free and are repayable on demand.