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REGISTERED NUMBER: 05444284 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

LOCATE PRODUCTIONS LIMITED

LOCATE PRODUCTIONS LIMITED (REGISTERED NUMBER: 05444284)






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


LOCATE PRODUCTIONS LIMITED

Company Information
for the year ended 31 May 2024







DIRECTORS: A T Light
E P Standish





SECRETARY: A T Light





REGISTERED OFFICE: Preston Park House
South Road
Brighton
East Sussex
BN1 6SB





REGISTERED NUMBER: 05444284 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

LOCATE PRODUCTIONS LIMITED (REGISTERED NUMBER: 05444284)

Balance Sheet
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 8,300 11,036

CURRENT ASSETS
Debtors 5 424,969 537,852
Cash at bank and in hand 233,808 95,144
658,777 632,996
CREDITORS
Amounts falling due within one year 6 (519,631 ) (485,679 )
NET CURRENT ASSETS 139,146 147,317
TOTAL ASSETS LESS CURRENT
LIABILITIES

147,446

158,353

CREDITORS
Amounts falling due after more than one
year

7

(18,881

)

(35,063

)

PROVISIONS FOR LIABILITIES 8 (2,075 ) (2,759 )
NET ASSETS 126,490 120,531

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 126,390 120,431
SHAREHOLDERS' FUNDS 126,490 120,531

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 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.

LOCATE PRODUCTIONS LIMITED (REGISTERED NUMBER: 05444284)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 February 2025 and were signed on its behalf by:





A T Light - Director


LOCATE PRODUCTIONS LIMITED (REGISTERED NUMBER: 05444284)

Notes to the Financial Statements
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Locate 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.

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

Revenue is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. Turnover from the rendering of 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
Tangible fixed assets are stated at cost, or deemed cost, less accumulated depreciation and accumulated
impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its useful life or, if
held under a finance lease, over the lease term, whichever is the shorter:

Fixtures, fittings and equipment Straight line over 5 years
Motor vehicles 25% on reducing balance

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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.


LOCATE PRODUCTIONS LIMITED (REGISTERED NUMBER: 05444284)

Notes to the Financial Statements - continued
for the year ended 31 May 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.

Foreign currencies
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 8 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
& equipmen
£   
COST
At 1 June 2023
and 31 May 2024 35,991
DEPRECIATION
At 1 June 2023 24,955
Charge for year 2,736
At 31 May 2024 27,691
NET BOOK VALUE
At 31 May 2024 8,300
At 31 May 2023 11,036

LOCATE PRODUCTIONS LIMITED (REGISTERED NUMBER: 05444284)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 119,719 32,090
Amounts owed by group undertakings 151,791 172,270
Other debtors 153,459 333,492
424,969 537,852

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 16,182 16,182
Trade creditors 53,541 213,505
Taxation and social security 114,336 91,761
Other creditors 335,572 164,231
519,631 485,679

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 18,881 35,063

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 2,075 2,759

Deferred
tax
£   
Balance at 1 June 2023 2,759
Accelerated capital allowances (684 )
Balance at 31 May 2024 2,075

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

LOCATE PRODUCTIONS LIMITED (REGISTERED NUMBER: 05444284)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
A T Light
Balance outstanding at start of year 2,442 -
Amounts advanced - 2,442
Amounts repaid (600 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,842 2,442

E P Standish
Balance outstanding at start of year 2,442 -
Amounts advanced - 2,442
Amounts repaid (600 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,842 2,442

The loans are interest free and are repayable on demand.