Registration number: 03414104

Techsmart Theatre Services Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

Techsmart Theatre Services Limited

Company Information

Director

Mr I Carling

Company secretary

Newfield Business Services Limited

Registered office

Tanners Solicitors Lancaster House Thomas Street Cirencester GL7 2AX

Accountants

Regulatory Accounting Ltd T/A Optimum Professional Services Vicarage Court 160 Ermin Street Swindon Wiltshire SN3 4NE

Techsmart Theatre Services Limited

(Registration number: 03414104)
Balance Sheet as at 31 December 2024

	Note	31 December 2024 £	31 December 2023 £
Current assets
Debtors	4	16,010	22,782
Cash at bank and in hand		9,508	3,434
		25,518	26,216
Creditors: Amounts falling due within one year	5	(65,334)	(97,117)
Net liabilities		(39,816)	(70,901)
Capital and reserves
Called up share capital		2	2
Retained earnings		(39,818)	(70,903)
Shareholders' deficit		(39,816)	(70,901)

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 September 2025
 

......................................... Mr I Carling Director

Techsmart Theatre Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Tanners Solicitors
Lancaster House
Thomas Street
Cirencester
GL7 2AX

The principal place of business is:
Ingleside House
5 Beeches Road
Cirencester
GL7 1BN

These financial statements were authorised for issue by the director on 30 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency of these financial statements is pound sterling, rounded to the nearest whole number.

Going concern

The financial statements have been prepared on a going concern basis. Although the company is currently loss making, the director and other related parties will continue to support the company.

Techsmart Theatre Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

Techsmart Theatre Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Debtors

Current	Note	31 December 2024 £	31 December 2023 £
Trade debtors		1,610	-
Amounts owed by related parties	6	6,400	14,781
Other debtors		8,000	8,001
		16,010	22,782

5

Creditors

Creditors: amounts falling due within one year

	31 December 2024 £	31 December 2023 £
Due within one year
Trade creditors	2,395	32,920
Accruals and deferred income	1,472	2,730
Other creditors	61,467	61,467
	65,334	97,117

6	Related party transactions

Transactions with the director

2024	At 1 January 2024 £	At 31 December 2024 £
Mr I Carling
Net transaction	50,775	50,775

2023	At 1 April 2023 £	At 31 December 2023 £
Mr I Carling
Net transaction	50,775	50,775

Techsmart Theatre Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Summary of transactions with other related parties

The Barn Theatre Project Limited is a related party by nature of common control and influence. During the period, the company has recieved income from The Barn Theatre Project of £82,110 (2023 : £59,980), they have also donated funds back to the charity of £60,645 (2023 : £67,840).

At the year end, there was money owed from The Barn Theatre Project of £1,610 (2023 : Nil).

There were balances due to other related parties at year end that are related due to similar control. The companies and balances due at year end were:

Caprio Entertainment Holdings Ltd £8,000 (2023: £8,000)
Newfield Business Services Ltd £0 (2023: £14,781)
Associated Theatres Ltd £6,400 (2023: £0)
Ingleside Heritage Ltd -£2,250 (2023: -£2,250)