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REGISTERED NUMBER: 04525591 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

24/7 Productions (UK) Ltd

24/7 Productions (UK) Ltd (Registered number: 04525591)

Contents of the Financial Statements
for the Year Ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


24/7 Productions (UK) Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTOR: Mr John Pryer





REGISTERED OFFICE: 74A High Street
Wanstead
London
E11 2RJ





REGISTERED NUMBER: 04525591 (England and Wales)





ACCOUNTANTS: Ashford Associates UK Limited
Chartered Certified Accountants
74A High Street
Wanstead
London
E11 2RJ

24/7 Productions (UK) Ltd (Registered number: 04525591)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 96,086 29,890
Investments 5 (3,509 ) (4,057 )
92,577 25,833

CURRENT ASSETS
Stocks 6 633,550 708,310
Debtors 7 674,946 1,000,327
Cash at bank and in hand 766,384 1,246,845
2,074,880 2,955,482
CREDITORS
Amounts falling due within one year 8 1,354,902 2,265,823
NET CURRENT ASSETS 719,978 689,659
TOTAL ASSETS LESS CURRENT
LIABILITIES

812,555

715,492

CREDITORS
Amounts falling due after more than one year 9 33,723 39,317
NET ASSETS 778,832 676,175

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 778,732 676,075
SHAREHOLDERS' FUNDS 778,832 676,175

24/7 Productions (UK) Ltd (Registered number: 04525591)

Balance Sheet - continued
30 September 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 24 June 2025 and were signed by:





Mr John Pryer - Director


24/7 Productions (UK) Ltd (Registered number: 04525591)

Notes to the Financial Statements
for the Year Ended 30 September 2024


1. STATUTORY INFORMATION

24/7 Productions (UK) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
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
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

24/7 Productions (UK) Ltd (Registered number: 04525591)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 197,678 60,097 27,084 284,859
Additions - 98,303 - 98,303
At 30 September 2024 197,678 158,400 27,084 383,162
DEPRECIATION
At 1 October 2023 189,472 39,139 26,358 254,969
Charge for year 2,051 29,816 240 32,107
At 30 September 2024 191,523 68,955 26,598 287,076
NET BOOK VALUE
At 30 September 2024 6,155 89,445 486 96,086
At 30 September 2023 8,206 20,958 726 29,890

5. FIXED ASSET INVESTMENTS
Loans to
associates
£   
At 1 October 2023 (4,057 )
New in year 548
At 30 September 2024 (3,509 )

6. STOCKS
2024 2023
£    £   
Stocks 5,200 4,800
Work-in-progress 628,350 703,510
633,550 708,310

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 662,084 900,639
Other debtors 12,862 99,688
674,946 1,000,327

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,881 1,981
Trade creditors 995,639 1,866,128
Taxation and social security 294,427 360,145
Other creditors 62,955 37,569
1,354,902 2,265,823

24/7 Productions (UK) Ltd (Registered number: 04525591)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 33,723 39,317

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank Loan 33,723 39,317

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
Mr John Pryer
Balance outstanding at start of year (112,508 ) (50,049 )
Amounts advanced 107,891 (62,459 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (4,617 ) (112,508 )

ULTIMATE CONTROLLING PARTY

Mr John Pryer owns 100% share in the company, therefore he has ultimate control of the business.

RELATED PARTIES TRANSACTION

As of the balance sheet date, the company owes £ 4,616 to the director, which was an interest-free loan to the company.

Mr John Pryer also own 100% shares of two other associated companies (Creative Logistics & Enterprises Ltd and Ritz Rehearsal Studios Ltd) and is ultimate controlling party of the businesses.

At the balance sheet date, the company owed £ 4,057 to Ritz Rehearsal Studios Ltd. This was interest free loan to the company.