Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-302023-10-01falseFilm production services11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08703148 2023-10-01 2024-09-30 08703148 2022-10-01 2023-09-30 08703148 2024-09-30 08703148 2023-09-30 08703148 c:Director1 2023-10-01 2024-09-30 08703148 d:PlantMachinery 2023-10-01 2024-09-30 08703148 d:PlantMachinery 2024-09-30 08703148 d:PlantMachinery 2023-09-30 08703148 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 08703148 d:OfficeEquipment 2023-10-01 2024-09-30 08703148 d:OfficeEquipment 2024-09-30 08703148 d:OfficeEquipment 2023-09-30 08703148 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 08703148 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 08703148 d:CurrentFinancialInstruments 2024-09-30 08703148 d:CurrentFinancialInstruments 2023-09-30 08703148 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 08703148 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 08703148 d:ShareCapital 2024-09-30 08703148 d:ShareCapital 2023-09-30 08703148 d:RetainedEarningsAccumulatedLosses 2024-09-30 08703148 d:RetainedEarningsAccumulatedLosses 2023-09-30 08703148 c:OrdinaryShareClass1 2023-10-01 2024-09-30 08703148 c:OrdinaryShareClass1 2024-09-30 08703148 c:FRS102 2023-10-01 2024-09-30 08703148 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 08703148 c:FullAccounts 2023-10-01 2024-09-30 08703148 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 08703148 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 08703148 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 08703148 2 2023-10-01 2024-09-30 08703148 e:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 08703148














SD SET WORKS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED  30 SEPTEMBER 2024

 
SD SET WORKS LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 6


 
SD SET WORKS LIMITED
REGISTERED NUMBER:08703148

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,266
1,688

Current assets
  

Debtors: amounts falling due within one year
 5 
15,566
1,192

Cash at bank and in hand
  
1,792
9,108

  
17,358
10,300

Creditors: amounts falling due within one year
 6 
(17,728)
(10,854)

Net current liabilities
  
 
 
(370)
 
 
(554)

Total assets less current liabilities
  
896
1,134

Provisions for liabilities
  

Deferred tax
 8 
(241)
(321)

Net assets
  
655
813


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
654
812

  
655
813


Page 1

 
SD SET WORKS LIMITED
REGISTERED NUMBER:08703148
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 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 by: 




S Dyett
Director

Date: 14 April 2025

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

Page 2

 
SD SET WORKS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

SD Set Works Limited is a limited liability company registered in England and Wales with its registered office at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.

The principal activity of the company was that of providing film production services.

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

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied during the period, exclusive of Value Added Tax and trade discounts.

 
2.3

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 provided on the following basis:

Plant and machinery
-
25% reducing balance
Office equipment
-
25% reducing balance

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.

 
2.4

Debtors

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

 
2.5

Creditors

Short term creditors are measured at the transaction price.

Page 3

 
SD SET WORKS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.6

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.7

Finance costs

Finance costs are charged to the Statement of Comprehensive Income at a fixed rate over the term of the debt. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.9

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.10

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 4

 
SD SET WORKS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3.


Employees

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


4.


Tangible fixed assets





Plant and machinery
Office equipment
Total

£
£
£



Cost or valuation


At 1 October 2023
413
5,990
6,403



At 30 September 2024

413
5,990
6,403



Depreciation


At 1 October 2023
382
4,333
4,715


Charge for the year on owned assets
8
414
422



At 30 September 2024

390
4,747
5,137



Net book value



At 30 September 2024
23
1,243
1,266



At 30 September 2023
31
1,657
1,688


5.


Debtors

2024
2023
£
£


Trade debtors
4,798
-

Other debtors
10,477
1,192

Prepayments and accrued income
291
-

15,566
1,192


Included within other debtors due within one year is a loan to the director, amounting to £10,477 (2023 - £1,192).



Page 5

 
SD SET WORKS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
3,077
335

Taxation and social security
12,638
8,649

Accruals and deferred income
2,013
1,870

17,728
10,854



7.


Loans


Analysis of the maturity of loans is given below:










8.


Deferred taxation




2024


£






At beginning of year
(321)


Charged to profit or loss
80



At end of year
(241)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(241)
(321)


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 Ordinary share of £1
1
1


 
Page 6