Registered number
08477653
Wildsmith Productions Limited
Filleted Accounts
29 March 2024
Wildsmith Productions Limited
Registered number: 08477653
Balance Sheet
as at 29 March 2024
Notes 2024 2023
£ £
Fixed assets
Investments 4 260 260
Current assets
Debtors 5 139,481 172,648
Cash at bank and in hand 478,078 214,311
617,559 386,959
Creditors: amounts falling due within one year 6 (155,671) (49,774)
Net current assets 461,888 337,185
Total assets less current liabilities 462,148 337,445
Creditors: amounts falling due after more than one year 7 (11,667) (20,992)
Net assets 450,481 316,453
Capital and reserves
Called up share capital 1 1
Profit and loss account 450,480 316,452
Shareholder's funds 450,481 316,453
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
….................................
M B W Lewis
Director
Approved by the board on 28 March 2025
Wildsmith Productions Limited
Notes to the Accounts
for the period from 31 March 2023 to 29 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 31 March 2023 1,739
At 29 March 2024 1,739
Depreciation
At 31 March 2023 1,739
At 29 March 2024 1,739
Net book value
At 29 March 2024 -
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 31 March 2023 260
At 29 March 2024 260
5 Debtors 2024 2023
£ £
Trade debtors 19,720 52,779
Amounts owed by group undertakings and undertakings in which the company has a participating interest 40,364 39,344
Other debtors 79,397 80,525
139,481 172,648
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,677
Trade creditors 72,978 17,309
Taxation and social security costs 43,085 14,411
Other creditors 29,608 7,377
155,671 49,774
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 11,667 20,992
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
M B W Lewis
Interest bearing loan 60,396 - (384) 60,012
60,396 - (384) 60,012
9 Controlling party
The company was under the control of the director M B W Lewis throughout the current and previous periods.
10 Other information
Wildsmith Productions Limited is a private company limited by shares and incorporated in England. Its registered office is:
6 Apollo Office Court
Radclive Road
Gawcott
Buckingham
MK18 4DF
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