4 4 Production North Limited 03829924 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is the production and staging of entertainment shows. Digita Accounts Production Advanced 6.30.9574.0 true true true 03829924 2023-09-01 2024-08-31 03829924 2024-08-31 03829924 core:RetainedEarningsAccumulatedLosses 2024-08-31 03829924 core:ShareCapital 2024-08-31 03829924 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 03829924 core:FurnitureFittingsToolsEquipment 2024-08-31 03829924 core:MotorVehicles 2024-08-31 03829924 core:OtherPropertyPlantEquipment 2024-08-31 03829924 bus:SmallEntities 2023-09-01 2024-08-31 03829924 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 03829924 bus:FilletedAccounts 2023-09-01 2024-08-31 03829924 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 03829924 bus:RegisteredOffice 2023-09-01 2024-08-31 03829924 bus:Director1 2023-09-01 2024-08-31 03829924 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 03829924 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 03829924 core:MotorVehicles 2023-09-01 2024-08-31 03829924 core:OfficeEquipment 2023-09-01 2024-08-31 03829924 core:OtherPropertyPlantEquipment 2023-09-01 2024-08-31 03829924 core:PlantMachinery 2023-09-01 2024-08-31 03829924 1 2023-09-01 2024-08-31 03829924 countries:EnglandWales 2023-09-01 2024-08-31 03829924 2023-08-31 03829924 core:FurnitureFittingsToolsEquipment 2023-08-31 03829924 core:MotorVehicles 2023-08-31 03829924 core:OtherPropertyPlantEquipment 2023-08-31 03829924 2022-09-01 2023-08-31 03829924 2023-08-31 03829924 core:RetainedEarningsAccumulatedLosses 2023-08-31 03829924 core:ShareCapital 2023-08-31 03829924 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 03829924 core:FurnitureFittingsToolsEquipment 2023-08-31 03829924 core:MotorVehicles 2023-08-31 03829924 core:OtherPropertyPlantEquipment 2023-08-31 xbrli:pure iso4217:GBP

Registration number: 03829924

Production North Limited

Annual Report and Unaudited Financial Statements

For The Year Ended 31 August 2024

 

Production North Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Production North Limited

(Registration number: 03829924)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

           

Fixed assets

   

 

Tangible assets

4

 

43,263

 

89,298

Other financial assets

5

 

-

 

1,097,151

   

43,263

 

1,186,449

Current assets

   

 

Debtors

6

50,020

 

324,824

 

Cash at bank and in hand

 

390,490

 

66,740

 

 

440,510

 

391,564

 

Creditors: Amounts falling due within one year

7

(244,464)

 

(445,018)

 

Net current assets/(liabilities)

   

196,046

 

(53,454)

Total assets less current liabilities

   

239,309

 

1,132,995

Provisions for liabilities

 

(9,522)

 

(19,450)

Net assets

   

229,787

 

1,113,545

Capital and reserves

   

 

Called up share capital

2

 

2

 

Profit and loss account

229,785

 

1,113,543

 

Total equity

   

229,787

 

1,113,545

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 12 March 2025
 

.........................................
Mr I.B. Whitehead
Director

 

Production North Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 11, Fusion Court
Aberford Road
Garforth
Leeds
LS25 2GH

These financial statements were authorised for issue by the director on 12 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when, the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the company.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised when 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.

 

Production North Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 August 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% on cost

Office fixtures and equipment

25% on cost

Motor vehicles

25% on the reducing balance

Investments

Investments in shares and other listed securities are included at fair value.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2023 - 4).

 

Production North Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 August 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Plant and equipment
£

Total
£

Cost or valuation

At 1 September 2023

2,287

159,710

106,315

268,312

Additions

-

50,898

-

50,898

Disposals

-

(159,710)

-

(159,710)

At 31 August 2024

2,287

50,898

106,315

159,500

Depreciation

At 1 September 2023

678

80,272

98,064

179,014

Charge for the year

528

12,724

4,243

17,495

Eliminated on disposal

-

(80,272)

-

(80,272)

At 31 August 2024

1,206

12,724

102,307

116,237

Carrying amount

At 31 August 2024

1,081

38,174

4,008

43,263

At 31 August 2023

1,609

79,438

8,251

89,298

5

Other financial assets- listed investments

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 September 2023

1,097,151

1,097,151

Disposals

(1,097,151)

(1,097,151)

At 31 August 2024

-

-

 

Production North Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 August 2024

6

Debtors

2024
£

2023
£

Due within one year

Trade debtors

38,796

212,851

Other debtors

11,224

111,973

 

50,020

324,824

7

Creditors

2024
£

2023
£

Due within one year

Trade creditors

6,601

8,786

Amounts owed to group undertakings

842

333,017

Taxation and social security

180,895

31,748

Other creditors

56,126

71,467

244,464

445,018

8

Related party transactions

The Company occupies premises owned by its holding company for which no charge was made in the year. (2023 £Nil)

9

Parent and ultimate parent undertaking

The company's immediate parent is Production North (Holdings) Limited, incorporated in England and Wales.