IRIS Accounts Production v25.1.3.33 SC706046 director 1.9.23 31.8.24 31.8.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC7060462023-08-31SC7060462024-08-31SC7060462023-09-012024-08-31SC7060462022-08-31SC7060462022-09-012023-08-31SC7060462023-08-31SC706046ns15:Scotland2023-09-012024-08-31SC706046ns14:PoundSterling2023-09-012024-08-31SC706046ns10:Director12023-09-012024-08-31SC706046ns10:PrivateLimitedCompanyLtd2023-09-012024-08-31SC706046ns10:SmallEntities2023-09-012024-08-31SC706046ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-31SC706046ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-31SC706046ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-31SC706046ns10:FullAccounts2023-09-012024-08-31SC706046ns10:RegisteredOffice2023-09-012024-08-31SC706046ns5:CurrentFinancialInstruments2024-08-31SC706046ns5:CurrentFinancialInstruments2023-08-31SC706046ns5:ShareCapital2024-08-31SC706046ns5:ShareCapital2023-08-31SC706046ns5:RetainedEarningsAccumulatedLosses2024-08-31SC706046ns5:RetainedEarningsAccumulatedLosses2023-08-31SC706046ns5:PlantMachinery2023-09-012024-08-31SC706046ns5:PlantMachinery2023-08-31SC706046ns5:PlantMachinery2024-08-31SC706046ns5:PlantMachinery2023-08-31SC706046ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-31SC706046ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-31
REGISTERED NUMBER: SC706046 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

EQUILIBRIUM PRODUCTIONS LTD

EQUILIBRIUM PRODUCTIONS LTD (REGISTERED NUMBER: SC706046)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EQUILIBRIUM PRODUCTIONS LTD

COMPANY INFORMATION
for the year ended 31 August 2024







DIRECTOR: Miss L Reevely



REGISTERED OFFICE: 24A Ainslie Place
Edinburgh
EH3 6AJ



REGISTERED NUMBER: SC706046 (Scotland)



ACCOUNTANTS: Mitchell Edwards
Chartered Certified Accountants
24A Ainslie Place
Edinburgh
EH3 6AJ



BANKERS: Barclays
Unit 2, 10-15 Princes Street
Edinburgh
EH2 2AN

EQUILIBRIUM PRODUCTIONS LTD (REGISTERED NUMBER: SC706046)

BALANCE SHEET
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 372 558

CURRENT ASSETS
Debtors 5 193 105
Cash at bank 31 31
224 136
CREDITORS
Amounts falling due within one year 6 27,025 24,984
NET CURRENT LIABILITIES (26,801 ) (24,848 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(26,429

)

(24,290

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (26,529 ) (24,390 )
(26,429 ) (24,290 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 May 2025 and were signed by:





Miss L Reevely - Director


EQUILIBRIUM PRODUCTIONS LTD (REGISTERED NUMBER: SC706046)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2024


1. STATUTORY INFORMATION

Equilibrium Productions Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are presented in sterling which is the functional currency of the company rounded to the nearest £.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company is in a set up period and has failed to trade profitably. The director will continue to support the company until sufficient profitability is achieved and on this basis considers it appropriate to prepare the accounts on a going concern basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

EQUILIBRIUM PRODUCTIONS LTD (REGISTERED NUMBER: SC706046)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 930
DEPRECIATION
At 1 September 2023 372
Charge for year 186
At 31 August 2024 558
NET BOOK VALUE
At 31 August 2024 372
At 31 August 2023 558

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 193 105

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 126 8
Other creditors 26,899 24,976
27,025 24,984