Company registration number: 04941188
Unaudited financial statements
for the year ended 31 December 2024
for
Quite Frankly Productions Limited
Pages for filing with the Registrar
Company registration number: 04941188
Quite Frankly Productions Limited
Balance sheet
as at 31 December 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 220,528 202,213
220,528 202,213
Current assets
Debtors 504,287 752,525
Cash at bank and in hand 769,083 1,377,282
1,273,370 2,129,807
Creditors: amounts falling due within one
year 		(548,471) (1,321,392)
Net current assets 724,899 808,415
Total assets less current liabilities 945,427 1,010,628
Creditors: Amounts falling due after more
than one year 		- (24,167)
Provisions for liabilities (36,987) (18,026)
NET ASSETS 908,440 968,435
Capital and reserves
Called up share capital 2 2
Profit and loss account 908,438 968,433
TOTAL EQUITY 908,440 968,435
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 04941188
Quite Frankly Productions Limited
Balance sheet - continued
as at 31 December 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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr J Frankel, Director
29 September 2025
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Quite Frankly Productions Limited
Notes to the financial statements
for the year ended 31 December 2024
1 Company information
Quite Frankly Productions Limited is a private company registered in England and Wales. Its registered number is 04941188. The company is limited by shares. Its registered office is Building 1000, Cambridge Research Park, Cambridge, Cambridgeshire, CB25 9PD.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Short leasehold property - 25% straight line
Plant and machinery etc.:
Fixtures & fittings - 25% reducing balance
Computer equipment - 25% reducing balance
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, 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.
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Quite Frankly Productions Limited
Notes to the financial statements - continued
for the year ended 31 December 2024
2 Accounting policies - continued
Deferred taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 13 (2023 - 12).
4 Tangible fixed assets
Land and
buildings 		Plant and
machinery
etc. 		Totals
£ £ £
Cost
At 1 January 2024 149,901 177,438 327,339
Additions 68,544 13,780 82,324
At 31 December 2024 218,445 191,218 409,663
Depreciation
At 1 January 2024 27,239 97,887 125,126
Charge for year 42,644 21,365 64,009
At 31 December 2024 69,883 119,252 189,135
Net book value
At 31 December 2024 148,562 71,966 220,528
At 31 December 2023 122,662 79,551 202,213
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Quite Frankly Productions Limited
Notes to the financial statements - continued
for the year ended 31 December 2024
5 Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
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