Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302023-07-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03609354 2023-07-01 2024-06-30 03609354 2022-07-01 2023-06-30 03609354 2024-06-30 03609354 2023-06-30 03609354 c:Director1 2023-07-01 2024-06-30 03609354 d:OfficeEquipment 2023-07-01 2024-06-30 03609354 d:OfficeEquipment 2024-06-30 03609354 d:OfficeEquipment 2023-06-30 03609354 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 03609354 d:ComputerEquipment 2023-07-01 2024-06-30 03609354 d:ComputerEquipment 2024-06-30 03609354 d:ComputerEquipment 2023-06-30 03609354 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 03609354 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 03609354 d:CurrentFinancialInstruments 2024-06-30 03609354 d:CurrentFinancialInstruments 2023-06-30 03609354 d:Non-currentFinancialInstruments 2024-06-30 03609354 d:Non-currentFinancialInstruments 2023-06-30 03609354 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 03609354 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 03609354 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 03609354 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 03609354 d:ShareCapital 2024-06-30 03609354 d:ShareCapital 2023-06-30 03609354 d:RetainedEarningsAccumulatedLosses 2024-06-30 03609354 d:RetainedEarningsAccumulatedLosses 2023-06-30 03609354 c:FRS102 2023-07-01 2024-06-30 03609354 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 03609354 c:FullAccounts 2023-07-01 2024-06-30 03609354 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 03609354 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 03609354 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 03609354









P & S PRODUCTIONS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
P & S PRODUCTIONS LIMITED
REGISTERED NUMBER: 03609354

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
417
542

Current assets
  

Debtors: amounts falling due within one year
 6 
2,160
5,480

Cash at bank and in hand
  
8,507
12,919

  
10,667
18,399

Creditors: amounts falling due within one year
 7 
(8,707)
(5,765)

Net current assets
  
 
 
1,960
 
 
12,634

Total assets less current liabilities
  
2,377
13,176

Creditors: amounts falling due after more than one year
 8 
(917)
(1,917)

Provisions for liabilities
  

Deferred tax
 9 
(79)
(103)

  
 
 
(79)
 
 
(103)

Net assets
  
1,381
11,156


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
1,379
11,154

  
1,381
11,156


Page 1

 
P & S PRODUCTIONS LIMITED
REGISTERED NUMBER: 03609354
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 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 statement of income and retained earnings 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 on 18 March 2025.


T G Sawers
Director

Page 2

 
P & S PRODUCTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

P & S Productions Limited is a private company limited by shares and registered in England and Wales. The address of its registered office is 124 Finchley Road, London, NW3 5JS.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue relates to consultancy and theatrical services supplied during the year excluding discounts, rebates, value added tax and other sales taxes. Revenue is generally  invoiced monthly in arrears of services provided.   

 
2.3

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.

 
2.4

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 reporting 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 reporting 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 reporting date.

Page 3

 
P & S PRODUCTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

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.

Depreciation is provided on the following basis:

Office equipment
-
20% straight line
Computer equipment
-
33.3% straight line

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and  loans to related parties.

 
2.7

Dividends

Interim equity dividends are recognised when paid.

  
2.8

Production costs

Production costs comprise expenditure incurred in the staging of the productions that the company produced during the year. These costs are recognised in the Statement of Income and Retained Earnings in the period the production occurs. 


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the reporting date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.
Accruals
The company makes an estimate of accruals at the year end based on invoices received after the year end and work undertaken which has not been invoiced based on quotations or estimates of amounts that may be due for payment.
Tangible assets
Tangible assets are depreciated over their useful lives taking into account residual values where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending upon a number of factors. In re-assessing the assets' lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account.

Page 4

 
P & S PRODUCTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


5.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 July 2023
2,202
7,745
9,947



At 30 June 2024

2,202
7,745
9,947



Depreciation


At 1 July 2023
1,660
7,745
9,405


Charge for the year on owned assets
125
-
125



At 30 June 2024

1,785
7,745
9,530



Net book value



At 30 June 2024
417
-
417



At 30 June 2023
542
-
542

Page 5

 
P & S PRODUCTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Debtors

2024
2023
£
£


Trade debtors
1,221
4,869

Other debtors
939
611

2,160
5,480



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
1,000
1,000

Corporation tax
2,070
1,571

Other creditors
407
614

Accruals and deferred income
5,230
2,580

8,707
5,765



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
917
1,917


The Bank loan relates to a Bounce Back Loan that was taken by the company as a result of COVID-19. The loan is secured by the UK Government in accordance with the Bounce Back Loan Scheme.
Interest on the loan value is charged at 2.5% per annum. The loan is repayable by monthly instalments of £83 and will be repaid in full by May 2026. 

Page 6

 
P & S PRODUCTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Deferred taxation




2024


£






At beginning of year
103


Charged to the profit or loss
(24)



At end of year
79

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
79
103


10.


Related party transactions

At the reporting date the company owed T G Sawers, the director £407 (2023: £614) which is included in other creditors. The balance was provided interest free and is repayable on demand.
The company has not entered into any other transactions with related parties that are material and have not been conducted under normal market conditions.

 
Page 7