Stagecraft Visual Communications Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03890443 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Stagecraft Visual Communications Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C J Hobbs-Rex

B A Fletcher

T Ager

G Rex

REGISTERED OFFICE:

Carlton House

High Street

Higham Ferrers

Northamptonshire

NN10 8BW

REGISTERED NUMBER:

03890443 (England and Wales)

ACCOUNTANTS:

Willsons

Chartered Accountants

Carlton House

High Street

Higham Ferrers

Northamptonshire

NN10 8BW

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

85,049

76,365

85,049

76,365

CURRENT ASSETS

Stocks

6

1,855

1,674

Debtors

7

194,077

205,400

Cash at bank and in hand

941,233

895,282

1,137,165

1,102,356

CREDITORS

Amounts falling due within one year

8

167,277

209,618

NET CURRENT ASSETS

969,888

892,738

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,054,937

969,103

PROVISIONS FOR LIABILITIES

20,565

17,892

NET ASSETS

1,034,372

951,211

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

1,033,372

950,211

SHAREHOLDERS' FUNDS

1,034,372

951,211

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

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

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

B A Fletcher - Director

1.	STATUTORY INFORMATION

Stagecraft Visual Communications 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 represents the total invoice value, excluding value added tax, of sales made during the period. When the outcome of work can be estimated reliably, turnover from the work done is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the percentage of the job completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

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.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stock

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.

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.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of the business in 1999, has been amortised evenly over its estimated useful life of 20 years.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

16,700

AMORTISATION

At 1 January 2024

and 31 December 2024

16,700

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

COST

At 1 January 2024

66,174

22,141

68,190

156,505

Additions

25,133

-

25,133

Disposals

(2,250

)

-

(28,495

)

(30,745

)

At 31 December 2024

89,057

22,141

39,695

150,893

DEPRECIATION

At 1 January 2024

25,257

13,599

41,284

80,140

Charge for year

6,138

1,281

6,727

14,146

Eliminated on disposal

(1,857

)

-

(26,585

)

(28,442

)

At 31 December 2024

29,538

14,880

21,426

65,844

NET BOOK VALUE

At 31 December 2024

59,519

7,261

18,269

85,049

At 31 December 2023

40,917

8,542

26,906

76,365

6.

STOCKS

31.12.24

31.12.23

£

Stock of materials

1,855

1,674

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

127,238

127,678

Amounts recoverable on

contracts

3,680

-

Luxion Holdings Limited

(918

)

(918

)

Stagecraft Media Limited

13,962

Directors' current accounts

24,760

37,966

Prepayments

25,355

26,712

194,077

205,400

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

20,261

15,032

Corporation tax

41,252

48,947

Social security and other taxes

11,373

12,131

VAT

83,274

100,304

Credit card

2,465

3,230

Net wages

4,252

4,874

Deferred income

-

20,100

Accrued expenses

4,400

5,000

167,277

209,618

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

Within one year

47,500

28,125

Between one and five years

142,500

-

190,000

28,125

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

C J Hobbs-Rex

Balance outstanding at start of year

34,907

3,916

Amounts advanced

4,950

34,907

Amounts repaid

(34,907

)

(3,916

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

4,950

34,907

B A Fletcher

Balance outstanding at start of year

2,659

3,004

Amounts advanced

9,447

2,659

Amounts repaid

(2,659

)

(3,004

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

9,447

2,659

T Ager

Balance outstanding at start of year

400

-

Amounts advanced

9,000

400

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

9,400

400

G Rex

Balance outstanding at start of year

-

Amounts advanced

963

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

963

-