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Company Registration No. 05078396 (England and Wales)
Production Space Brighton Limited Unaudited accounts for the year ended 30 September 2024
Production Space Brighton Limited Unaudited accounts Contents
Page
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Production Space Brighton Limited Company Information for the year ended 30 September 2024
Director
Paul Kemp
Company Number
05078396 (England and Wales)
Registered Office
In The Loop Accounts Ltd Formal House 60 St. Georges Place Cheltenham Gloucestershire GL50 3PN England
Accountants
In The Loop Accounts Limited Formal House 60 ST. GEORGES PLACE Cheltenham Gloucestershire GL50 3PN
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Production Space Brighton Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
99,935 
115,788 
Current assets
Debtors
49,184 
46,583 
Cash at bank and in hand
43,763 
25,138 
92,947 
71,721 
Creditors: amounts falling due within one year
(50,766)
(55,036)
Net current assets
42,181 
16,685 
Total assets less current liabilities
142,116 
132,473 
Creditors: amounts falling due after more than one year
(144,756)
(102,894)
Net (liabilities)/assets
(2,640)
29,579 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(2,642)
29,577 
Shareholders' funds
(2,640)
29,579 
For the year ending 30 September 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 director acknowledges his 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 and authorised for issue on 31 March 2025 and were signed on its behalf by
Paul Kemp Director Company Registration No. 05078396
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Production Space Brighton Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Production Space Brighton Limited is a private company, limited by shares, registered in England and Wales, registration number 05078396. The registered office is In The Loop Accounts Ltd, Formal House, 60 St. Georges Place, Cheltenham, Gloucestershire, GL50 3PN, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Plant & machinery
33% on reducing balance
Fixtures & fittings
25% on reducing balance
Computer equipment
25% on reducing balance
Other tangible fixed assets
20% on reducing balance
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2023
16,324 
117,828 
1,800 
135,952 
Additions
11,056 
- 
1,246 
12,302 
At 30 September 2024
27,380 
117,828 
3,046 
148,254 
Depreciation
At 1 October 2023
7,136 
11,725 
1,303 
20,164 
Charge for the year
5,757 
22,079 
319 
28,155 
At 30 September 2024
12,893 
33,804 
1,622 
48,319 
Net book value
At 30 September 2024
14,487 
84,024 
1,424 
99,935 
At 30 September 2023
9,188 
106,103 
497 
115,788 
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Production Space Brighton Limited Notes to the Accounts for the year ended 30 September 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
49,184 
46,583 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
10,986 
13,446 
Trade creditors
8,698 
10,076 
Taxes and social security
1,027 
1,025 
Other creditors
188 
44 
Loans from directors
28,367 
28,420 
Accruals
1,500 
2,025 
50,766 
55,036 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
144,756 
102,894 
8
Transactions with related parties
The balance sheet includes balances with companies where Mr P Kemp is a director, who is also a director in Production Space Brighton Ltd; Brighton Pride CIC Other Creditors 2024: £57,894 (2023: £102,894)
9
Average number of employees
During the year the average number of employees was 9 (2023: 1).
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