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REGISTERED NUMBER: SC477516 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Tripswitch Productions Ltd

Tripswitch Productions Ltd (Registered number: SC477516)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tripswitch Productions Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mr C J Robb





REGISTERED OFFICE: The Old Church
Ardbeg Road
Rothesay
Isle of Bute
PA20 0NJ





REGISTERED NUMBER: SC477516 (Scotland)





ACCOUNTANTS: SBP
Accountants
42 Queens Road
Aberdeen
AB15 4YE

Tripswitch Productions Ltd (Registered number: SC477516)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 23,180 23,180
Tangible assets 5 - -
23,180 23,180

CURRENT ASSETS
Cash at bank 138 103

CREDITORS
Amounts falling due within one year 6 8,633 10,964
NET CURRENT LIABILITIES (8,495 ) (10,861 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,685

12,319

CREDITORS
Amounts falling due after more than one
year

7

11,310

12,000
NET ASSETS 3,375 319

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 3,365 309
3,375 319

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Tripswitch Productions Ltd (Registered number: SC477516)

Balance Sheet - continued
31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 February 2025 and were signed by:





Mr C J Robb - Director


Tripswitch Productions Ltd (Registered number: SC477516)

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

1. STATUTORY INFORMATION

Tripswitch Productions Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Story rights are not being amortised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2023
and 31 May 2024 23,180
NET BOOK VALUE
At 31 May 2024 23,180
At 31 May 2023 23,180

Tripswitch Productions Ltd (Registered number: SC477516)

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

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 June 2023
and 31 May 2024 1,135
DEPRECIATION
At 1 June 2023
and 31 May 2024 1,135
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 3,000 3,000
Trade creditors 1,170 1,110
Taxation and social security 725 965
Other creditors 3,738 5,889
8,633 10,964

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 11,310 12,000

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
Mr C J Robb
Balance outstanding at start of year (4,668 ) (3,928 )
Amounts advanced 6,048 -
Amounts repaid (3,948 ) (740 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,568 ) (4,668 )

9. RELATED PARTY DISCLOSURES

The director, Mr C J Robb, is a director of Robb & Associates Ltd, company registered in Scotland and holds 100% of the issued share capital in the company. During the year, services totalling £2,400 (2023 - £26,060) were invoiced to Robb & Associates Ltd.

Tripswitch Productions Ltd (Registered number: SC477516)

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

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr C J Robb.