Registered number
09687740
Nicely Done Productions Ltd
Filleted Accounts
31 July 2024
Nicely Done Productions Ltd
Registered number: 09687740
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 44,477 43,976
Current assets
Debtors 4 216,340 53,216
Cash at bank and in hand 759,821 572,906
976,161 626,122
Creditors: amounts falling due within one year 5 (187,852) (73,861)
Net current assets 788,309 552,261
Net assets 832,786 596,237
Capital and reserves
Called up share capital 1 1
Profit and loss account 832,785 596,236
Shareholder's funds 832,786 596,237
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.
James Slater
Director
Approved by the board on 9 April 2025
Nicely Done Productions Ltd
Notes to the Accounts
for the year ended 31 July 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% straight line basis
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 11 10
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023 147,100
Additions 26,506
At 31 July 2024 173,606
Depreciation
At 1 August 2023 103,124
Charge for the year 26,005
At 31 July 2024 129,129
Net book value
At 31 July 2024 44,477
At 31 July 2023 43,976
4 Debtors 2024 2023
£ £
Trade debtors 216,340 53,216
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 480 -
Taxation and social security costs 181,978 68,284
Other creditors 5,394 5,577
187,852 73,861
6 Controlling party
The ultimate controlling party is James Slater, who owns 100% of the company's shares.
7 Other information
Nicely Done Productions Ltd is a private company limited by shares and incorporated in England. Its registered office is:
28 Clarendon Road
Reading
RG6 1PB
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