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REGISTERED NUMBER: 04316263 (England and Wales)













PRODUCTION 78 LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2024






PRODUCTION 78 LIMITED (REGISTERED NUMBER: 04316263)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PRODUCTION 78 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2024







DIRECTORS: Mr S A Burkitt-Harrington
Mr D J Thompson





SECRETARY: Mr D J Thompson





REGISTERED OFFICE: Unit 1 Waterton Buildings
Moor Road
Waterton Industrial Estate
Bridgend
CF31 3TR





REGISTERED NUMBER: 04316263 (England and Wales)





ACCOUNTANTS: Carston ETL
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

PRODUCTION 78 LIMITED (REGISTERED NUMBER: 04316263)

BALANCE SHEET
30TH NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 148,197 158,685

CURRENT ASSETS
Debtors 5 230,129 98,834
Cash at bank and in hand 89,732 218,559
319,861 317,393
CREDITORS
Amounts falling due within one year 6 165,993 136,984
NET CURRENT ASSETS 153,868 180,409
TOTAL ASSETS LESS CURRENT LIABILITIES 302,065 339,094

CREDITORS
Amounts falling due after more than one year 7 (9,753 ) (20,018 )

PROVISIONS FOR LIABILITIES (33,695 ) (30,112 )
NET ASSETS 258,617 288,964

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 258,517 288,864
SHAREHOLDERS' FUNDS 258,617 288,964

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

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

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th August 2025 and were signed on its behalf by:




Mr S A Burkitt-Harrington - Director


PRODUCTION 78 LIMITED (REGISTERED NUMBER: 04316263)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2024


1. STATUTORY INFORMATION

Production 78 Limited 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 each asset over its estimated useful life.
Fixtures and fittings - 33% on reducing balance and 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 24 (2023 - 23 ) .

PRODUCTION 78 LIMITED (REGISTERED NUMBER: 04316263)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Long and
leasehold fittings Totals
£    £    £   
COST
At 1st December 2023 - 463,677 463,677
Additions 14,728 21,198 35,926
At 30th November 2024 14,728 484,875 499,603
DEPRECIATION
At 1st December 2023 - 304,992 304,992
Charge for year 1,473 44,941 46,414
At 30th November 2024 1,473 349,933 351,406
NET BOOK VALUE
At 30th November 2024 13,255 134,942 148,197
At 30th November 2023 - 158,685 158,685

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 166,367 28,229
Amounts recoverable on contract 8,872 3,058
Other debtors 54,890 67,547
230,129 98,834

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,023 9,718
Trade creditors 73,537 78,451
Taxation and social security 66,581 22,581
Other creditors 15,852 26,234
165,993 136,984

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 9,753 20,018