IRIS Accounts Production v25.1.4.42 12340337 director 1.12.23 30.11.24 30.11.24 0 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh123403372023-11-30123403372024-11-30123403372023-12-012024-11-30123403372022-11-30123403372022-12-012023-11-30123403372023-11-3012340337ns15:EnglandWales2023-12-012024-11-3012340337ns14:PoundSterling2023-12-012024-11-3012340337ns10:Director12023-12-012024-11-3012340337ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3012340337ns10:SmallEntities2023-12-012024-11-3012340337ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-3012340337ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3012340337ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3012340337ns10:FullAccounts2023-12-012024-11-301234033712023-12-012024-11-3012340337ns10:RegisteredOffice2023-12-012024-11-3012340337ns5:CurrentFinancialInstruments2024-11-3012340337ns5:CurrentFinancialInstruments2023-11-3012340337ns5:Non-currentFinancialInstruments2024-11-3012340337ns5:Non-currentFinancialInstruments2023-11-3012340337ns5:ShareCapital2024-11-3012340337ns5:ShareCapital2023-11-3012340337ns5:RetainedEarningsAccumulatedLosses2024-11-3012340337ns5:RetainedEarningsAccumulatedLosses2023-11-3012340337ns5:IntangibleAssetsOtherThanGoodwill2023-12-012024-11-3012340337ns5:ComputerSoftware2023-12-012024-11-3012340337ns5:PlantMachinery2023-12-012024-11-3012340337ns5:IntangibleAssetsOtherThanGoodwill2023-11-3012340337ns5:IntangibleAssetsOtherThanGoodwill2024-11-3012340337ns5:IntangibleAssetsOtherThanGoodwill2023-11-3012340337ns5:PlantMachinery2023-11-3012340337ns5:PlantMachinery2024-11-3012340337ns5:PlantMachinery2023-11-3012340337ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-3012340337ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-30
REGISTERED NUMBER: 12340337 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Paco Mio Productions Ltd

Paco Mio Productions Ltd (Registered number: 12340337)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Paco Mio Productions Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTOR: H A Sheridan





REGISTERED OFFICE: M.01 Tomorrow, Blue
Mediacityuk
Salford
United Kingdom
M50 2AB





REGISTERED NUMBER: 12340337 (England and Wales)





ACCOUNTANTS: Summit Accountants Limited
M.01 Tomorrow
MediaCityUK
Salford
Greater Manchester
M50 2AB

Paco Mio Productions Ltd (Registered number: 12340337)

Statement of Financial Position
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,240 7,020
Tangible assets 5 3,699 3,684
9,939 10,704

CURRENT ASSETS
Debtors 6 606 7,375
Prepayments and accrued income 73 846
Cash at bank 18,983 30,688
19,662 38,909
CREDITORS
Amounts falling due within one year 7 23,268 17,049
NET CURRENT (LIABILITIES)/ASSETS (3,606 ) 21,860
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,333

32,564

CREDITORS
Amounts falling due after more than one year 8 (5,625 ) (9,375 )

PROVISIONS FOR LIABILITIES (696 ) (921 )
NET ASSETS 12 22,268

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 11 22,267
12 22,268

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Paco Mio Productions Ltd (Registered number: 12340337)

Statement of Financial Position - continued
30 November 2024


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 27 July 2025 and were signed by:





H A Sheridan - Director


Paco Mio Productions Ltd (Registered number: 12340337)

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

1. STATUTORY INFORMATION

Paco Mio Productions 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. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Turnover is recognised when, and to the extent that, the company obtains the right to consideration. The point of recognition is after the service has been performed, when the risk and rewards associated with the goods/services have been transferred or in accordance with contractual terms. Turnover excludes value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

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 reducing balance and 20% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Paco Mio Productions Ltd (Registered number: 12340337)

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

2. ACCOUNTING POLICIES - continued

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2023
and 30 November 2024 7,800
AMORTISATION
At 1 December 2023 780
Charge for year 780
At 30 November 2024 1,560
NET BOOK VALUE
At 30 November 2024 6,240
At 30 November 2023 7,020

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023 6,343
Additions 1,267
At 30 November 2024 7,610
DEPRECIATION
At 1 December 2023 2,659
Charge for year 1,252
At 30 November 2024 3,911
NET BOOK VALUE
At 30 November 2024 3,699
At 30 November 2023 3,684

Paco Mio Productions Ltd (Registered number: 12340337)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 468 7,375
Other debtors 138 -
606 7,375

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 14,282 4,506
Trade creditors 538 903
Taxation and social security 8,447 11,556
Other creditors 1 84
23,268 17,049

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loans 5,625 9,375

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As of 30/11/2024 the company was owed £137 from Director 1.
No formal repayment terms have been agreed.