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REGISTERED NUMBER: 03054825 (England and Wales)















196 PRODUCTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024






196 PRODUCTIONS LIMITED (REGISTERED NUMBER: 03054825)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


196 PRODUCTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTORS: Mrs PM Rawlings
Mr BW Rawlings





REGISTERED OFFICE: 21 St Andrews Crecent
Cardiff
CF10 2SD





REGISTERED NUMBER: 03054825 (England and Wales)





ACCOUNTANTS: Carston ETL
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

196 PRODUCTIONS LIMITED (REGISTERED NUMBER: 03054825)

BALANCE SHEET
31ST MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,841 13,454

CURRENT ASSETS
Debtors 5 1,054 1,548
Cash at bank 28,243 26,774
29,297 28,322
CREDITORS
Amounts falling due within one year 6 8,595 7,479
NET CURRENT ASSETS 20,702 20,843
TOTAL ASSETS LESS CURRENT LIABILITIES 27,543 34,297

PROVISIONS FOR LIABILITIES 1,230 1,230
NET ASSETS 26,313 33,067

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 26,311 33,065
SHAREHOLDERS' FUNDS 26,313 33,067

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21st February 2025 and were signed on its behalf by:




Mrs PM Rawlings - Director



Mr BW Rawlings - Director


196 PRODUCTIONS LIMITED (REGISTERED NUMBER: 03054825)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024


1. STATUTORY INFORMATION

196 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 20% straight line on cost
Plant and machinery - 33.33% straight line on cost
Fixtures and fittings - 33.33% straight line on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 ) .

196 PRODUCTIONS LIMITED (REGISTERED NUMBER: 03054825)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings Totals
£    £    £    £   
COST
At 1st June 2023
and 31st May 2024 28,626 72,297 107,747 208,670
DEPRECIATION
At 1st June 2023 16,525 71,440 107,251 195,216
Charge for year 5,725 427 461 6,613
At 31st May 2024 22,250 71,867 107,712 201,829
NET BOOK VALUE
At 31st May 2024 6,376 430 35 6,841
At 31st May 2023 12,101 857 496 13,454

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 456
Other debtors 1,054 1,092
1,054 1,548

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,456 -
Taxation and social security 2,306 2,657
Other creditors 4,833 4,822
8,595 7,479