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
Production Space Brighton Limited
Company Information
for the year ended 30 September 2024
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
Production Space Brighton Limited
Statement of financial position
as at 30 September 2024
Tangible assets
99,935
115,788
Cash at bank and in hand
43,763
25,138
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
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
Production Space Brighton Limited
Notes to the Accounts
for the year ended 30 September 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 30 September 2024
14,487
84,024
1,424
99,935
At 30 September 2023
9,188
106,103
497
115,788
Production Space Brighton Limited
Notes to the Accounts
for the year ended 30 September 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
8,698
10,076
Taxes and social security
1,027
1,025
Loans from directors
28,367
28,420
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).