Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29falsetrue2023-03-01falseproviding entertainment services22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07897050 2023-03-01 2024-02-29 07897050 2022-03-01 2023-02-28 07897050 2024-02-29 07897050 2023-02-28 07897050 2022-03-01 07897050 c:Director1 2023-03-01 2024-02-29 07897050 d:PlantMachinery 2023-03-01 2024-02-29 07897050 d:PlantMachinery 2024-02-29 07897050 d:PlantMachinery 2023-02-28 07897050 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 07897050 d:MotorVehicles 2023-03-01 2024-02-29 07897050 d:MotorVehicles 2024-02-29 07897050 d:MotorVehicles 2023-02-28 07897050 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 07897050 d:FurnitureFittings 2023-03-01 2024-02-29 07897050 d:FurnitureFittings 2024-02-29 07897050 d:FurnitureFittings 2023-02-28 07897050 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 07897050 d:ComputerEquipment 2023-03-01 2024-02-29 07897050 d:ComputerEquipment 2024-02-29 07897050 d:ComputerEquipment 2023-02-28 07897050 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 07897050 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 07897050 d:CurrentFinancialInstruments 2024-02-29 07897050 d:CurrentFinancialInstruments 2023-02-28 07897050 d:Non-currentFinancialInstruments 2024-02-29 07897050 d:Non-currentFinancialInstruments 2023-02-28 07897050 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 07897050 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 07897050 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 07897050 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 07897050 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-02-29 07897050 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-02-28 07897050 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-02-29 07897050 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-02-28 07897050 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-02-29 07897050 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-02-28 07897050 d:ShareCapital 2024-02-29 07897050 d:ShareCapital 2023-02-28 07897050 d:RetainedEarningsAccumulatedLosses 2024-02-29 07897050 d:RetainedEarningsAccumulatedLosses 2023-02-28 07897050 c:OrdinaryShareClass1 2023-03-01 2024-02-29 07897050 c:OrdinaryShareClass1 2024-02-29 07897050 c:OrdinaryShareClass1 2023-02-28 07897050 c:FRS102 2023-03-01 2024-02-29 07897050 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 07897050 c:FullAccounts 2023-03-01 2024-02-29 07897050 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 07897050 d:HirePurchaseContracts d:WithinOneYear 2024-02-29 07897050 d:HirePurchaseContracts d:WithinOneYear 2023-02-28 07897050 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-02-29 07897050 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-02-28 07897050 2 2023-03-01 2024-02-29 07897050 d:AcceleratedTaxDepreciationDeferredTax 2024-02-29 07897050 d:AcceleratedTaxDepreciationDeferredTax 2023-02-28 07897050 e:PoundSterling 2023-03-01 2024-02-29 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 07897050














JIM DAVIDSON PRODUCTIONS LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
JIM DAVIDSON PRODUCTIONS LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 9


 
JIM DAVIDSON PRODUCTIONS LIMITED
REGISTERED NUMBER:07897050

BALANCE SHEET
AS AT 29 FEBRUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
354,103
397,593

  
354,103
397,593

Current assets
  

Debtors: amounts falling due after more than one year
 6 
4,846
-

Debtors: amounts falling due within one year
 6 
270,863
110,902

Cash at bank and in hand
 7 
3
37,290

  
275,712
148,192

Creditors: amounts falling due within one year
 8 
(174,729)
(73,638)

Net current assets
  
 
 
100,983
 
 
74,554

Total assets less current liabilities
  
455,086
472,147

Creditors: amounts falling due after more than one year
 9 
(127,421)
(174,678)

Provisions for liabilities
  

Deferred tax
 12 
(52,498)
(53,949)

  
 
 
(52,498)
 
 
(53,949)

Net assets
  
275,167
243,520


Capital and reserves
  

Called up share capital 
 13 
2
2

Profit and loss account
  
275,165
243,518

  
275,167
243,520

1

 
JIM DAVIDSON PRODUCTIONS LIMITED
REGISTERED NUMBER:07897050
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J C Davidson
Director

Date: 28 February 2025

The notes on pages 3 to 9 form part of these financial statements.

2

 
JIM DAVIDSON PRODUCTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Jim Davidson Productions Limited is a private company, limited by shares, registered in England and Wales, registration number 07897050. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE and the trading address is Lillie Cottage, Haughton Road, Stockbridge, Hants, SO20 6LE.
 
The principal activity of the company is providing entertainment services.
 
2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The company's functional and presentational currency is pound sterling.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises revenue recognised by the company in respect of the provision of entertainment supplied during the year.

 
2.3

Leased assets: the company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

3

 
JIM DAVIDSON PRODUCTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis and straight line method.

Depreciation is provided on the following basis:

Boat and fittings
-
10%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
25%
straight line
Computer equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Debtors

Short term debtors are measured at transaction price, less any impairment.

4

 
JIM DAVIDSON PRODUCTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.10

 Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.11

 Creditors

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

 
2.12

 Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.13

 Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Dividends

2024
2023
£
£


Dividends
51,000
40,000

5

 
JIM DAVIDSON PRODUCTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

5.


Tangible fixed assets







Boat and fittings
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost


At 1 March 2023
524,050
80,897
13,192
1,625
619,764


Additions
6,672
-
214
1,002
7,888



At 29 February 2024

530,722
80,897
13,406
2,627
627,652



Depreciation


At 1 March 2023
192,551
21,095
8,422
104
222,172


Charge for the year 
33,762
14,950
1,886
779
51,377



At 29 February 2024

226,313
36,045
10,308
883
273,549



Net book value



At 29 February 2024
304,409
44,852
3,098
1,744
354,103



At 28 February 2023
331,500
59,802
4,770
1,521
397,593


6.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
4,846
-


2024
2023
£
£

Due within one year

Trade debtors
-
2,700

Other debtors
195,658
85,606

Prepayments and accrued income
75,205
22,596

270,863
110,902



6

 
JIM DAVIDSON PRODUCTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

7.


Cash

2024
2023
£
£

Cash at bank
3
37,290

Less: bank overdrafts
(3,716)
-

(3,713)
37,290



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
3,716
-

Bank loans
23,431
22,990

Trade creditors
40,338
7,972

Corporation tax
48,359
13,481

Other taxation and social security
255
12,284

Obligations under finance lease and hire purchase contracts
28,532
11,811

Other creditors
24,998
-

Accruals
5,100
5,100

174,729
73,638


The bank loan of £11,251 (2023 - £11,251) included in creditors due within one year is a COVID Bounce Back Loan, 100% guaranteed by the government.
The bank loan of £12,180 (2023 - £11,739) included in creditors due within one year is a Close Brothers Loan.


9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
120,562
139,288

Net obligations under finance leases and hire purchase contracts
6,859
35,390

127,421
174,678


The bank loan of £14,064 (2023 - £25,315) included in creditors due after one year is a COVID Bounce Back Loan, 100% guaranteed by the government.
The bank loan of £106,498 (2023 - £113,973) included in creditors due after one year is a Close Brothers Loan.

7

 
JIM DAVIDSON PRODUCTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
23,431
22,990

Amounts falling due 1-2 years

Bank loans
24,209
23,731

Amounts falling due 2-5 years

Bank loans
96,353
56,491

Amounts falling due after more than 5 years

Bank loans
-
59,066

143,993
162,278



11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
70,532
11,811

Between 1-5 years
48,859
35,390

119,391
47,201
8

 
JIM DAVIDSON PRODUCTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

12.


Deferred taxation






2024
2023


£

£






At beginning of year
(53,949)
(54,310)


Utilised in year
1,451
361



At end of year
(52,498)
(53,949)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(52,498)
(53,949)


13.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares of £1.00 each
2
2



14.


Related party transactions

At the balance sheet date, the director owed £48,535 (2023 - £20,564) to the company and is included in other debtors due within one year. Interest was charged on this loan at the official rate and the loan was repaid within 9 months of the year end.
Dividends totalling £25,500 (2023 - £20,000) were paid to the director during the year.
At the balance sheet date, a shareholder owed £48,535 (2023 - £30,176) to the company and is included in other debtors due within one year. Interest was charged on this loan at the official rate and the loan was repaid within 9 months of the year end.
 
9