Company Registration No. NI603902 (Northern Ireland)
KA-BOOM PRODUCTIONS LIMITED
Unaudited accounts
for the year ended 31 July 2024
KA-BOOM PRODUCTIONS LIMITED
Statement of financial position
as at 31 July 2024
Tangible assets
72,935
88,006
Cash at bank and in hand
-
34,351
Creditors: amounts falling due within one year
(298,718)
(407,067)
Net current liabilities
(133,563)
(66,611)
Net (liabilities)/assets
(60,628)
21,395
Called up share capital
4
4
Profit and loss account
(60,632)
21,391
Shareholders' funds
(60,628)
21,395
For the year ending 31 July 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 directors acknowledge their 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 of Directors and authorised for issue on 12 February 2025 and were signed on its behalf by
Zach Willis
Director
Company Registration No. NI603902
KA-BOOM PRODUCTIONS LIMITED
Notes to the Accounts
for the year ended 31 July 2024
KA-BOOM PRODUCTIONS LIMITED is a private company, limited by shares, registered in Northern Ireland, registration number NI603902. The registered office is 1st Floor, Suite 4 Elizabeth House, 116-118 Holywood Road, Belfast, Antrim, BT4 1NY, Northern Ireland.
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.
The directors believe that the company Ka-Boom Productions Limited has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least 12 months from the date of approval of the financial statements. Accordingly, the company continues to adopt the going concern basis in preparation of its financial statements.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of film production services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
KA-BOOM PRODUCTIONS LIMITED
Notes to the Accounts
for the year ended 31 July 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 August 2023
13,005
411,836
424,841
At 31 July 2024
13,005
419,534
432,539
At 1 August 2023
9,920
326,915
336,835
Charge for the year
772
22,747
23,519
At 31 July 2024
10,692
348,912
359,604
At 31 July 2024
2,313
70,622
72,935
At 31 July 2023
3,085
84,921
88,006
Amounts falling due within one year
Trade debtors
109,078
298,444
Amounts due from group undertakings etc.
-
7,661
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
106,092
114,414
Trade creditors
151,136
204,861
Taxes and social security
36,942
48,421
Allotted, called up and fully paid:
1 A Ordinary shares of £1 each
1
1
1 B Ordinary shares of £1 each
1
1
1 C Ordinary shares of £1 each
1
1
1 D Ordinary shares of £1 each
1
1
KA-BOOM PRODUCTIONS LIMITED
Notes to the Accounts
for the year ended 31 July 2024
8
Average number of employees
During the year the average number of employees was 11 (2023: 10).