The Production Factory London Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05138666 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

The Production Factory London Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L Gorman

E E S Marquis-Henninger

L E Alder

REGISTERED OFFICE:

29-31 Brewery Rd

London

N7 9QH

REGISTERED NUMBER:

05138666 (England and Wales)

ACCOUNTANTS:

EWP Limited

20 Anchor Terrace

3-13 Southwark Bridge Road

London

SE1 9HQ

FIXED ASSETS

Tangible assets

4

167,317

201,743

CURRENT ASSETS

Debtors

5

4,265,102

4,646,412

Cash at bank and in hand

893,211

1,218,269

5,158,313

5,864,681

CREDITORS

Amounts falling due within one year

6

4,583,193

4,909,796

NET CURRENT ASSETS

575,120

954,885

TOTAL ASSETS LESS CURRENT
LIABILITIES

742,437

1,156,628

CREDITORS

Amounts falling due after more than one year

7

-

(41,903

)

PROVISIONS FOR LIABILITIES

(34,838

)

(31,502

)

NET ASSETS

707,599

1,083,223

CAPITAL AND RESERVES

Called up share capital

105

Share premium

21,260

Retained earnings

686,234

1,061,858

707,599

1,083,223

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 29 September 2025 and were signed on its behalf by:

L Gorman - Director

1.	STATUTORY INFORMATION

The Production Factory London 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 fees receivable for photographic shoots and related recharged expenses net of VAT. Turnover is recognised at the date that the company fulfils its contractual obligations, usually the date that the shoot is completed.

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 etc

-

25% on reducing balance and 20% on cost

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

369,730

Additions

30,873

Disposals

(58,304

)

At 31 December 2024

342,299

DEPRECIATION

At 1 January 2024

167,987

Charge for year

55,773

Eliminated on disposal

(48,778

)

At 31 December 2024

174,982

NET BOOK VALUE

At 31 December 2024

167,317

At 31 December 2023

201,743

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

2,691,769

4,070,468

Other debtors

1,573,333

575,944

4,265,102

4,646,412

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Hire purchase contracts (see note 8)

36,531

38,384

Trade creditors

2,933,656

2,710,684

Amounts owed to group undertakings

20,895

7,345

Taxation and social security

559,269

1,155,505

Other creditors

1,032,842

997,878

4,583,193

4,909,796

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.24

31.12.23

£

Hire purchase contracts (see note 8)

-

41,903

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.12.24

31.12.23

£

Net obligations repayable:

Within one year

36,531

38,384

Between one and five years

-

41,903

36,531

80,287

Non-cancellable

operating leases

31.12.24

31.12.23

£

Within one year

46,791

157,828

Between one and five years

77,985

156,660

124,776

314,488

9.	ULTIMATE CONTROLLING PARTY

The controlling party is PFH Holdings Limited.

The ultimate controlling party is L Gorman.