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Registration number: 11896523

Stagescreen Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 July 2024

 

Stagescreen Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Stagescreen Limited

Company Information

Directors

Mr C J Hunt

Mr D A Nelson

Registered office

21 Navigation Business Village
Navigation Way
Ashton-on-Ribble
Preston
PR2 2YP

Accountants

Rotherham Taylor Limited
21 Navigation Business Village
Navigation Way
Ashton-on-Ribble
Preston
PR2 2YP

 

Stagescreen Limited

(Registration number: 11896523)
Balance Sheet as at 30 July 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

483,020

407,502

Tangible assets

5

217

261

 

483,237

407,763

Current assets

 

Debtors

6

233,898

20,792

Cash at bank and in hand

 

2,311

20,857

 

236,209

41,649

Creditors: Amounts falling due within one year

7

(339,414)

(57,033)

Net current liabilities

 

(103,205)

(15,384)

Total assets less current liabilities

 

380,032

392,379

Creditors: Amounts falling due after more than one year

7

(8,334)

(18,334)

Provisions for liabilities

-

(3,697)

Net assets

 

371,698

370,348

Capital and reserves

 

Called up share capital

1

1

Revaluation reserve

355,003

355,003

Retained earnings

16,694

15,344

Shareholders' funds

 

371,698

370,348

For the financial year ending 30 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Stagescreen Limited

(Registration number: 11896523)
Balance Sheet as at 30 July 2024

Approved and authorised by the Board on 17 March 2025 and signed on its behalf by:
 

.........................................
Mr C J Hunt
Director

   
     
 

Stagescreen Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
21 Navigation Business Village
Navigation Way
Ashton-on-Ribble
Preston
PR2 2YP

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable from the licensing of programme rights under distribution agreements in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Government grants

Grants are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Stagescreen Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 July 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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


Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% straight line

Intangible assets

Intangible assets meeting the relevant recognition criteria are amortised on a systematic basis over their useful lives. Amortisation commences on development expenditure when the asset is available for use

Asset class

Amortisation method and rate

Development costs

20% straight line

Programme library

5% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Stagescreen Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 July 2024

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss. Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 

Stagescreen Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 July 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

4

Intangible assets

Development costs
£

Programme library
 £

Total
£

Cost or valuation

At 31 July 2023

95,813

355,003

450,816

Additions

115,837

-

115,837

At 30 July 2024

211,650

355,003

566,653

Amortisation

At 31 July 2023

-

43,315

43,315

Amortisation charge

25,156

15,162

40,318

At 30 July 2024

25,156

58,477

83,633

Carrying amount

At 30 July 2024

186,494

296,526

483,020

At 30 July 2023

95,813

311,689

407,502

5

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 31 July 2023

522

522

Additions

115

115

At 30 July 2024

637

637

Depreciation

At 31 July 2023

260

260

Charge for the year

160

160

At 30 July 2024

420

420

Carrying amount

At 30 July 2024

217

217

At 30 July 2023

261

261

 

Stagescreen Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 July 2024

6

Debtors

2024
£

2023
£

Trade debtors

233,573

11,287

Other debtors

325

9,505

 

233,898

20,792

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

10,000

10,000

Trade creditors

 

11,059

5,605

Taxation and social security

 

6,184

3,951

Accruals and deferred income

 

311,755

8,455

Other creditors

 

416

29,022

 

339,414

57,033

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

8,334

18,334

8

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

8,334

18,334

2024
£

2023
£

Current loans and borrowings

Bank borrowings

10,000

10,000