Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312true2023-04-01falseNo description of principal activity2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02286031 2023-04-01 2024-03-31 02286031 2022-04-01 2023-03-31 02286031 2024-03-31 02286031 2023-03-31 02286031 c:Director2 2023-04-01 2024-03-31 02286031 d:ComputerEquipment 2023-04-01 2024-03-31 02286031 d:ComputerEquipment 2024-03-31 02286031 d:ComputerEquipment 2023-03-31 02286031 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02286031 d:CurrentFinancialInstruments 2024-03-31 02286031 d:CurrentFinancialInstruments 2023-03-31 02286031 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 02286031 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 02286031 d:ShareCapital 2024-03-31 02286031 d:ShareCapital 2023-03-31 02286031 d:RetainedEarningsAccumulatedLosses 2024-03-31 02286031 d:RetainedEarningsAccumulatedLosses 2023-03-31 02286031 c:FRS102 2023-04-01 2024-03-31 02286031 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 02286031 c:FullAccounts 2023-04-01 2024-03-31 02286031 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02286031 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 02286031









SAMUELSON PRODUCTIONS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
SAMUELSON PRODUCTIONS LIMITED
REGISTERED NUMBER: 02286031

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,992
2,735

  
2,992
2,735

Current assets
  

Stocks
  
20,142
16,450

Debtors: amounts falling due within one year
 5 
1,632
5,606

Cash at bank and in hand
 6 
47
273

  
21,821
22,329

Creditors: amounts falling due within one year
 7 
(774,110)
(754,337)

Net current liabilities
  
 
 
(752,289)
 
 
(732,008)

Total assets less current liabilities
  
(749,297)
(729,273)

  

Net liabilities
  
(749,297)
(729,273)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(749,299)
(729,275)

  
(749,297)
(729,273)


The directors consider 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 directors acknowledge their 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 comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
 
Page 1

 
SAMUELSON PRODUCTIONS LIMITED
REGISTERED NUMBER: 02286031
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 March 2025.




M Samuelson
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
SAMUELSON PRODUCTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Samuelson Production Limited is a private company limited by shares and registered in England & Wales. The address of its registered office is 325-327 Oldfield Lane North, Greenford, Middlesex, UB6 0FX.

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 following principal accounting policies have been applied:

 
2.2

Going concern

At the reporting date the company had a net liabilities of £749,297 and is dependent on the support of its directors who have confirmed their intention to support the company. As a result the directors believe it is appropriate to prepare the accounts on the going concern basis. The financial  statements do not include adjustments that would result from the withdrawal of this financial support.
The company meets its day to day working capital requirements through the utilisation of its own funds.

 
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

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.

Depreciation is provided on the following basis:

Computer equipment
-
20%

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.

Page 3

 
SAMUELSON PRODUCTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Stocks

Stocks comprise production costs, which are recorded as a current asset. Production costs are amortised to the Statement of Income and Retained Earnings over the period in which rights to the relevant production are being exploited by the Company.

 
2.6

Debtors

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

 
2.7

Cash and cash equivalents

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

 
2.8

Creditors

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

 
2.9

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 other third parties and loans to related parties.


3.


Employees

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

Page 4

 
SAMUELSON PRODUCTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 April 2023
75,371


Additions
928



At 31 March 2024

76,299



Depreciation


At 1 April 2023
72,636


Charge for the year on owned assets
671



At 31 March 2024

73,307



Net book value



At 31 March 2024
2,992



At 31 March 2023
2,735


5.


Debtors

2024
2023
£
£


Trade debtors
-
1,379

Other debtors
1,632
4,227

1,632
5,606



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
47
273

47
273


Page 5

 
SAMUELSON PRODUCTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,710
2,667

Other creditors
769,900
749,290

Accruals and deferred income
2,500
2,380

774,110
754,337



8.


Related party transactions

During the year, advance totalling £21,307 (2023: £31,398)  were received from M Samuelson, a director of the company. At the reporting date, £769,269 (2023: £747,962) was due to M Samuelson. All transactions were carried out at arms length. 
During the year, repayment totalling £972 (2023: £988) were received from a company with common directors. At the reporting date £1,473 (2023: £2,445) was receivable from the company with common directors. All transactions were carried out at arms length.
During the year, fee totalling £7,669 (2023: 4,967) were recoverable from a company with a common director. Also during the year, payments totalling £10,211 (2023: £7,370) were received in respect of the fees. At the reporting date, £350 (2023: £1,379) was receivable from the company with a common director. 
Also an advance totalling £Nil (2023: £1,249) were received from the company with a common director. At the reporting date, £981 (2023: 1,249) was due in respect of these advances. The loan is repayable on demand and not interest bearing.


9.


Controlling party

Throughout the year, the company was under the control of the directors by virtue of their shareholding.

 
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