19 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2024 - FRS102_2024 46,661 44,334 1,807 46,141 520 2,327 xbrli:pure xbrli:shares iso4217:GBP 07788140 2023-10-01 2024-09-30 07788140 2024-09-30 07788140 2023-09-30 07788140 2022-10-01 2023-09-30 07788140 2023-09-30 07788140 2022-09-30 07788140 bus:Director1 2023-10-01 2024-09-30 07788140 core:WithinOneYear 2024-09-30 07788140 core:WithinOneYear 2023-09-30 07788140 core:AfterOneYear 2024-09-30 07788140 core:AfterOneYear 2023-09-30 07788140 core:ShareCapital 2024-09-30 07788140 core:ShareCapital 2023-09-30 07788140 core:RetainedEarningsAccumulatedLosses 2024-09-30 07788140 core:RetainedEarningsAccumulatedLosses 2023-09-30 07788140 bus:SmallEntities 2023-10-01 2024-09-30 07788140 bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 07788140 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 07788140 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 07788140 bus:FullAccounts 2023-10-01 2024-09-30 07788140 core:ComputerEquipment 2023-10-01 2024-09-30 07788140 core:ComputerEquipment 2024-09-30 07788140 core:ComputerEquipment 2023-09-30
COMPANY REGISTRATION NUMBER: 07788140
Entertain Me Productions Ltd
Filleted Unaudited Financial Statements
30 September 2024
Entertain Me Productions Ltd
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
520
2,327
Current assets
Debtors
6
169,200
75,287
Cash at bank and in hand
17,646
2,329
---------
--------
186,846
77,616
Creditors: amounts falling due within one year
7
1,931,935
1,670,016
------------
------------
Net current liabilities
1,745,089
1,592,400
------------
------------
Total assets less current liabilities
( 1,744,569)
( 1,590,073)
Creditors: amounts falling due after more than one year
8
24,162
31,745
------------
------------
Net liabilities
( 1,768,731)
( 1,621,818)
------------
------------
Capital and reserves
Called up share capital
1
1
Profit and loss account
( 1,768,732)
( 1,621,819)
------------
------------
Shareholders deficit
( 1,768,731)
( 1,621,818)
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Entertain Me Productions Ltd
Statement of Financial Position (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 6 June 2025 , and are signed on behalf of the board by:
Mr B Aabech
Director
Company registration number: 07788140
Entertain Me Productions Ltd
Notes to the Financial Statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is York House, 1 Seagrave Road, London, SW6 1RP.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Amounts recoverable on long term contracts, which are included in debtors as accrued income, are stated at the net sales value of the work done after provision for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as deferred income. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 19 (2023: 20 ).
5. Tangible assets
Equipment
£
Cost
At 1 October 2023 and 30 September 2024
46,661
--------
Depreciation
At 1 October 2023
44,334
Charge for the year
1,807
--------
At 30 September 2024
46,141
--------
Carrying amount
At 30 September 2024
520
--------
At 30 September 2023
2,327
--------
6. Debtors
2024
2023
£
£
Other debtors
169,200
75,287
---------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
25,082
Accruals and deferred income
6,300
4,400
Social security and other taxes
435,399
434,980
Director loan accounts
847,325
1,227,127
Other creditors
617,829
3,509
------------
------------
1,931,935
1,670,016
------------
------------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
17,500
27,500
Other creditors
6,662
4,245
--------
--------
24,162
31,745
--------
--------
The company received loans totalling £50,000 under the Bounce Back Loan Scheme (BBLS). These loans are 100% guaranteed by the Government and interest free to the company for the first 12 months of the loan. The interest is charged at 2.5 % and they are repayable by 2025.
9. Related party transactions
The balance on the directors loan account is £ 847,324(2022: £1,227,082) and has no fixed date for repayment.