Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-30No description of principal activity42023-07-01false3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05660544 2023-07-01 2024-06-30 05660544 2022-07-01 2023-06-30 05660544 2024-06-30 05660544 2023-06-30 05660544 c:Director1 2023-07-01 2024-06-30 05660544 d:Buildings d:LongLeaseholdAssets 2023-07-01 2024-06-30 05660544 d:Buildings d:LongLeaseholdAssets 2024-06-30 05660544 d:Buildings d:LongLeaseholdAssets 2023-06-30 05660544 d:PlantMachinery 2023-07-01 2024-06-30 05660544 d:PlantMachinery 2024-06-30 05660544 d:PlantMachinery 2023-06-30 05660544 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05660544 d:MotorVehicles 2023-07-01 2024-06-30 05660544 d:MotorVehicles 2024-06-30 05660544 d:MotorVehicles 2023-06-30 05660544 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05660544 d:FurnitureFittings 2023-07-01 2024-06-30 05660544 d:FurnitureFittings 2024-06-30 05660544 d:FurnitureFittings 2023-06-30 05660544 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05660544 d:OfficeEquipment 2023-07-01 2024-06-30 05660544 d:OfficeEquipment 2024-06-30 05660544 d:OfficeEquipment 2023-06-30 05660544 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05660544 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05660544 d:CurrentFinancialInstruments 2024-06-30 05660544 d:CurrentFinancialInstruments 2023-06-30 05660544 d:Non-currentFinancialInstruments 2024-06-30 05660544 d:Non-currentFinancialInstruments 2023-06-30 05660544 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 05660544 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 05660544 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 05660544 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 05660544 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-06-30 05660544 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 05660544 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-06-30 05660544 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-06-30 05660544 d:ShareCapital 2024-06-30 05660544 d:ShareCapital 2023-06-30 05660544 d:RetainedEarningsAccumulatedLosses 2024-06-30 05660544 d:RetainedEarningsAccumulatedLosses 2023-06-30 05660544 c:OrdinaryShareClass1 2023-07-01 2024-06-30 05660544 c:OrdinaryShareClass1 2024-06-30 05660544 c:OrdinaryShareClass1 2023-06-30 05660544 c:FRS102 2023-07-01 2024-06-30 05660544 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 05660544 c:FullAccounts 2023-07-01 2024-06-30 05660544 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05660544 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 05660544 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 05660544 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-06-30 05660544 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-06-30 05660544 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-06-30 05660544 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-06-30 05660544 d:LeasedAssetsHeldAsLessee 2024-06-30 05660544 d:LeasedAssetsHeldAsLessee 2023-06-30 05660544 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 05660544














NEW DAY PICTURES LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

 
NEW DAY PICTURES LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 10


 
NEW DAY PICTURES LIMITED
REGISTERED NUMBER:05660544

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible fixed assets
  
745,251
807,926

Current assets
  

Debtors: amounts falling due within one year
 5 
5,035
6,915

Cash at bank and in hand
  
26,884
17,021

  
31,919
23,936

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(280,938)
(281,809)

Net current liabilities
  
 
 
(249,019)
 
 
(257,873)

Total assets less current liabilities
  
496,232
550,053

Creditors: amounts falling due after more than one year
 7 
(131,142)
(86,858)

Provisions for liabilities
  

Deferred tax
 9 
(179,702)
(142,294)

Net assets
  
185,388
320,901


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
185,288
320,801

  
185,388
320,901


Page 1

 
NEW DAY PICTURES LIMITED
REGISTERED NUMBER:05660544
    
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 comprehensive income 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 31 March 2025.


B Day
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
NEW DAY PICTURES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

New Day Pictures Limited is a limited liability company registered in England and Wales. Its registered office address is at Unit 5 Princeton Mews, 167-169 London Road, Kingston-Upon-Thames, Surrey, KT2 6PT.
The principal activity of the Company during the year was TV/video production and equipment hire.
The Company's functional and presentational currency is £ sterling.

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.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Company made a loss for the year and at the balance sheet date has net current liabilities. The Director has obtained assurance from the Shareholders that funds will be made available to the Company so that it will be able to carry on trading and meet its financial obligations as and when they fall due for at least twelve months from the date the accounts are approved. The accounts have been prepared under going concern on this basis. 

 
2.3

Turnover

Turnover is measured at the fair value of amounts receivable in respect of goods and services provided in the year, net of trade discounts and excluding Value Added Tax. The Company recognises revenue based on the terms of the agreements.

 
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.
At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount. 
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 the Statement of Comprehensive Income.

Page 3

 
NEW DAY PICTURES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over overestimated useful lives, on the following bases:

L/Term Leasehold Property
-
20 years straight line
Plant and machinery
-
5% Reducing balance
Motor vehicles
-
20% Reducing balance
Fixtures and fittings
-
25% Reducing balance
Office equipment
-
25% Reducing balance

 
2.5

Basic financial instruments

The Company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash and cash equivalents, and loans to and from related parties.
Trade and other debtors, trade and other creditors and loans to and from related parties are     ecognised initially at the transaction price. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties.
Interest bearing borrowings such as bank loans that are classified as basic financial instruments are recognised initially at the present value of future payments discounted at a market rate of interest.
Thereafter they are stated at amortised cost using the effective interest method.
Cash and cash equivalents comprise cash balances, call deposits and bank overdrafts that are  repayable on demand and form an integral part of the company's cash management.

 
2.6

Finance costs

Finance costs are charged to the Statement of Comprehensive Income over the term of the debt using the effective interest method.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable.

 
2.8

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
NEW DAY PICTURES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.9

Current and deferred taxation

Tax is recognised in the Statement of Comprehensive Income, 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 balance sheet date.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
1) 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
2) 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. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 4).

Page 5

 
NEW DAY PICTURES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets


 





L/Term Leasehold Property
Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment

£
£
£
£
£



Cost or valuation


At 1 July 2023
289,928
1,247,752
47,672
17,089
55,192


Additions
-
14,986
-
282
5,353


Disposals
-
-
(13,565)
-
-



At 30 June 2024

289,928
1,262,738
34,107
17,371
60,545



Depreciation


At 1 July 2023
127,193
640,036
28,445
14,309
39,724


Charge for the year on owned assets
14,496
58,371
3,524
757
4,542


Disposals
-
-
(11,957)
-
-



At 30 June 2024

141,689
698,407
20,012
15,066
44,266



Net book value



At 30 June 2024
148,239
564,331
14,095
2,305
16,279



At 30 June 2023
162,735
607,716
19,226
2,781
15,468
Page 6

 
NEW DAY PICTURES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

           4.Tangible fixed assets (continued)


Total

£



Cost or valuation


At 1 July 2023
1,657,633


Additions
20,621


Disposals
(13,565)



At 30 June 2024

1,664,689



Depreciation


At 1 July 2023
849,707


Charge for the year on owned assets
81,690


Disposals
(11,957)



At 30 June 2024

919,440



Net book value



At 30 June 2024
745,249



At 30 June 2023
807,926



The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Plant and machinery
92,329
102,588

Motor vehicles
-
1,608

92,329
104,196

Page 7

 
NEW DAY PICTURES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Debtors

2024
2023
£
£


Prepayments and accrued income
5,035
6,915



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
29,012
31,721

Trade creditors
38,788
32,768

Other taxation and social security
22,619
43,287

Other creditors
128,586
125,158

Accruals and deferred income
61,933
48,875

280,938
281,809


The bank loans are secured by a fixed and floating charge over the assets of the Company and a personal guarantee given by the Director.


7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
131,142
86,858


The bank loans are secured by a fixed and floating charge over the assets of the Company and a personal guarantee given by the Director. 

Page 8

 
NEW DAY PICTURES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
29,012
31,721


Amounts falling due 2-5 years

Bank loans
108,194
52,504

Amounts falling due after more than 5 years

Bank loans
22,948
34,354

160,154
118,579



9.


Deferred taxation




2024


£






At beginning of year
(142,294)


Charged to profit or loss
(37,408)



At end of year
(179,702)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(179,702)
(142,294)


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) ordinary shares of £1 each
100
100


Page 9

 
NEW DAY PICTURES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

11.


Pension commitments

The Company contributes to a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £1,177 (2022 - £1,172). Contributions totaling £190 (2022 - £239) were payable to the fund at the reporting date and are included in creditors.

 
Page 10