General Information
HKZ PRODUCTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 06570381, registration address 14a Four Acres, Welwyn Garden City, Hertfordshire, AL7 4NW.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred.
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 taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Computer Equipment |
25% Straight Line
|
|
| 2. |
Average number of employees
Average number of employees during the year was 1 (2024 : 1).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Computer Equipment |
|
Total |
| |
£ |
|
£ |
| At 01 May 2024 |
4,678 |
|
4,678 |
| Additions |
479 |
|
479 |
| Disposals |
- |
|
- |
| At 30 April 2025 |
5,157 |
|
5,157 |
| Depreciation |
| At 01 May 2024 |
2,824 |
|
2,824 |
| Charge for year |
1,047 |
|
1,047 |
| On disposals |
- |
|
- |
| At 30 April 2025 |
3,871 |
|
3,871 |
| Net book values |
| Closing balance as at 30 April 2025 |
1,286 |
|
1,286 |
| Opening balance as at 01 May 2024 |
1,854 |
|
1,854 |
|
| 4. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Prepayments & Accrued Income |
24 |
|
0 |
|
24 |
|
0 |
|
| 5. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Accrued Expenses |
660 |
|
660 |
| Other Creditors |
8,999 |
|
8,999 |
| Directors' Current Accounts |
2,343 |
|
6,531 |
|
12,002 |
|
16,190 |
|
| 6. |
Related Party Transactions
Creditors due within one year includes an amount of £2,343 (2024 - £6,531) due to the director. This amount is interest free and repayable on demand.
|
3
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