Company Registration No. 09182543 (England and Wales)
Mushroom Theatre Company Ltd
Unaudited accounts
for the year ended 31 August 2024
Mushroom Theatre Company Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
1,114
1,562
Cash at bank and in hand
53,518
62,870
Creditors: amounts falling due within one year
(41,611)
(41,440)
Net current assets
16,271
26,240
Total assets less current liabilities
17,385
27,802
Creditors: amounts falling due after more than one year
(3,005)
(5,352)
Called up share capital
2
2
Profit and loss account
14,378
22,448
Shareholders' funds
14,380
22,450
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 May 2025 and were signed on its behalf by
P Bubb
Director
Company Registration No. 09182543
Mushroom Theatre Company Ltd
Notes to the Accounts
for the year ended 31 August 2024
Mushroom Theatre Company Ltd is a private company, limited by shares, registered in England and Wales, registration number 09182543. The registered office is 29 Brook Road, Rayleigh, Essex, SS6 7XJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
Computer equipment
25% straight line
Basic financial instruments are recognised at amortised cost.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2023
4,895
890
5,785
At 31 August 2024
4,895
890
5,785
At 1 September 2023
4,000
223
4,223
Charge for the year
225
223
448
At 31 August 2024
4,225
446
4,671
At 31 August 2024
670
444
1,114
At 31 August 2023
895
667
1,562
Mushroom Theatre Company Ltd
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
Accrued income and prepayments
500
-
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
2,345
2,285
Trade creditors
4,030
1,739
Taxes and social security
4,844
7,532
Loans from directors
535
2,817
Deferred income
22,250
18,603
7
Creditors: amounts falling due after more than one year
2024
2023
At 31st August 2024 the directors were owed £535 (2023: £2,817) by the company.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).