REGISTERED NUMBER: 07910780 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st January 2025

for

CONTEMPO PRODUCTIONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R J Cherry

Mrs L Cherry

REGISTERED OFFICE:

31 Elnup Avenue

Shevington

Wigan

Lancashire

WN6 8AT

REGISTERED NUMBER:

07910780 (England and Wales)

ACCOUNTANTS:

BK Plus - Chorley

Chartered Certified Accountants

41 St Thomas's Road

Chorley

Lancashire

PR7 1JE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

52,912

1,354

52,912

1,354

CURRENT ASSETS

Stocks

10,000

10,000

Debtors

6

76,833

31,015

Cash at bank

76,058

105,528

162,891

146,543

CREDITORS

Amounts falling due within one year

7

50,475

44,319

NET CURRENT ASSETS

112,416

102,224

TOTAL ASSETS LESS CURRENT LIABILITIES

165,328

103,578

CREDITORS

Amounts falling due after more than one year

8

(64,857

)

(43,848

)

PROVISIONS FOR LIABILITIES

(10,053

)

(288

)

NET ASSETS

90,418

59,442

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

90,318

59,342

SHAREHOLDERS' FUNDS

90,418

59,442

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2nd May 2025 and were signed on its behalf by:

Mr R J Cherry - Director

1.	STATUTORY INFORMATION

Contempo 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.

Revenue recognition

Revenue represents the value of services, net of value added tax, provided to customers. Revenue is recognised when the following conditions are satisfied:

- the benefits of the services passes to the customers,

- it is probable that the economic benefits associated with the transaction will flow to the entity; and

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33.3% on cost

Stocks

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

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Cash and cash equivalents

Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st February 2024

and 31st January 2025

8,821

AMORTISATION

At 1st February 2024

and 31st January 2025

8,821

NET BOOK VALUE

At 31st January 2025

-

At 31st January 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st February 2024

-

470

-

7,047

7,517

Additions

40,349

-

37,245

1,774

79,368

Disposals

-

-

(14,000

)

-

(14,000

)

At 31st January 2025

40,349

470

23,245

8,821

72,885

DEPRECIATION

At 1st February 2024

-

470

-

5,693

6,163

Charge for year

8,877

-

3,874

1,059

13,810

At 31st January 2025

8,877

470

3,874

6,752

19,973

NET BOOK VALUE

At 31st January 2025

31,472

-

19,371

2,069

52,912

At 31st January 2024

-

-

-

1,354

1,354

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

Additions

40,349

23,245

63,594

At 31st January 2025

40,349

23,245

63,594

DEPRECIATION

Charge for year

8,877

3,874

12,751

At 31st January 2025

8,877

3,874

12,751

NET BOOK VALUE

At 31st January 2025

31,472

19,371

50,843

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

3,634

6,900

Amounts owed by associates

60,000

-

Other debtors

9,950

4,950

Directors' current accounts

-

18,142

Prepayments

3,249

1,023

76,833

31,015

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

7,237

5,000

Hire purchase contracts (see note 9)

19,078

-

Trade creditors

-

7,988

Tax

1,568

16,509

Social security and other taxes

9,929

10,430

Directors' current accounts

10,998

-

Accruals and deferred income

1,665

4,392

50,475

44,319

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans - 1-2 years

7,237

5,000

Bank loans - 2-5 years

21,710

15,000

Bank loans more 5 yr by instal

5,427

23,848

Hire purchase contracts (see note 9)

30,483

-

64,857

43,848

31.1.25

31.1.24

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

5,427

23,848

The loan is a bounceback loan provided as part of COVID-19 related support for businesses.

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.1.25

31.1.24

£

£

Net obligations repayable:

Within one year

19,078

-

Between one and five years

30,483

-

49,561

-

Non-cancellable

operating leases

31.1.25

31.1.24

£

£

Within one year

17,266

13,217

Between one and five years

14,811

5,577

32,077

18,794

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

£

Hire purchase contracts

49,561

-

Amounts owed under Hire Purchase contracts are secured against the assets to which they relate.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

£

100

Ordinary

£1

100

100

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the directors were owed £10,998 by the company (2024: £18,142 owed to the company). No interest has been charged on this loan and it is repayable on demand.

13.	RELATED PARTY DISCLOSURES

As at the balance sheet date the company was owed £9,950 (2024: £4,950) by D3 Productions Ltd, a company in which Mr R Cherry is a director. No interest has been charged on this loan and it is repayable on demand.

The company was also owed £60,000 at the balance sheet date by Cherry and Co Property Ltd, a company under common control. No interest has been charged on this loan and it is repayable on demand.

14.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr R J Cherry.