Company registration number 02782694 (England and Wales)
ON SCREEN PRODUCTIONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
PAGES FOR FILING WITH REGISTRAR
ON SCREEN PRODUCTIONS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
ON SCREEN PRODUCTIONS LIMITED
BALANCE SHEET
AS AT 28 FEBRUARY 2025
28 February 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
9,427
14,975
Investments
5
100
100
9,527
15,075
Current assets
Stocks
22,747
18,515
Debtors
6
711,527
680,626
Cash at bank and in hand
587,912
725,800
1,322,186
1,424,941
Creditors: amounts falling due within one year
7
(186,834)
(262,850)
Net current assets
1,135,352
1,162,091
Total assets less current liabilities
1,144,879
1,177,166
Creditors: amounts falling due after more than one year
8
(7,899)
(28,581)
Net assets
1,136,980
1,148,585
Capital and reserves
Called up share capital
900
900
Capital redemption reserve
100
100
Profit and loss reserves
1,135,980
1,147,585
Total equity
1,136,980
1,148,585
ON SCREEN PRODUCTIONS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2025
28 February 2025
- 2 -

For the financial year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 5 November 2025 and are signed on its behalf by:
Ms V A Byrne
Director
Company registration number 02782694 (England and Wales)
ON SCREEN PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 3 -
1
Accounting policies
Company information

On Screen Productions Limited is a private company limited by shares incorporated in England and Wales. The registered office is Office 30, Basepoint Business Centre, Riverside Court, Beaufort Park Way, Chepstow, Monmouthshire, United Kingdom, NP16 5UH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business and is shown net of VAT. The fair value of consideration takes into account trade and settlement discounts.

Revenue from contracts for the provision of services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recover ed.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery etc.
Straight line between 2 and 5 years
Fixtures, fittings & equipment
Straight line between 2 and 5 years
Computer equipment
Straight line over 5 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

ON SCREEN PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Stocks

Work in progress is valued on the basis of direct costs. Provisions are made for any foreseeable losses where appropriate. No element of profit is include in the valuation of work in progress.

The attributable profit on long term contracts is recognised once their outcome can be assessed with reasonable certainty. The profit recognised reflects the proportion of work completed to date on the project.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

ON SCREEN PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 5 -
1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.13
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.

ON SCREEN PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 6 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
7
7
4
Tangible fixed assets
Plant and machinery etc.
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
£
Cost
At 29 February 2024
211,749
33,265
27,858
272,872
Additions
191
494
1,751
2,436
Disposals
(4,974)
-
0
-
0
(4,974)
At 28 February 2025
206,966
33,759
29,609
270,334
Depreciation and impairment
At 29 February 2024
210,601
28,652
18,644
257,897
Depreciation charged in the year
648
3,857
3,479
7,984
Eliminated in respect of disposals
(4,974)
-
0
-
0
(4,974)
At 28 February 2025
206,275
32,509
22,123
260,907
Carrying amount
At 28 February 2025
691
1,250
7,486
9,427
At 28 February 2024
1,148
4,613
9,214
14,975
5
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
100
100
ON SCREEN PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
5
Fixed asset investments
(Continued)
- 7 -

The company holds 100% of the issued share capital of OSP Healthcare Limited. OSP Healthcare Limited has been dormant since its incorporation and is a company registered in England and Wales.

The company holds 100% of the issued share capital of OSP Exhibitions Limited. OSP Exhibitions Limited has been dormant since its incorporation and is a company registered in England and Wales.

6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
69,437
39,466
Other debtors
642,090
641,160
711,527
680,626
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
20,333
20,333
Trade creditors
8,893
15,071
Corporation tax
48,152
105,950
Other taxation and social security
21,049
21,772
Other creditors
88,407
99,724
186,834
262,850
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
7,899
28,581
9
Related party transactions

The company has taken advantage of exemption under the terms of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' not to disclose related party transactions with wholly owned subsidiaries within the group.

At 28 February 2025, the balance owed to the company by OSP NO2 Limited was £559,166 (2024: £557,541). This balance is disclosed within other debtors - see note 6.

At 28 February 2025, the balance owed to the company by OSP NO3 Limited, a company under common ownership and control, was £65,450 (2024: £64,575). This balance is disclosed within other debtors - see note 6.

2025-02-28 2024-02-29 false false false 05 November 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity Ms V A Byrne Mrs L Owen First Inital L Rennison 02782694 2024-02-29 2025-02-28 02782694 2025-02-28 02782694 2024-02-28 02782694 core:PlantMachinery 2025-02-28 02782694 core:FurnitureFittings 2025-02-28 02782694 core:ComputerEquipment 2025-02-28 02782694 core:PlantMachinery 2024-02-28 02782694 core:FurnitureFittings 2024-02-28 02782694 core:ComputerEquipment 2024-02-28 02782694 core:CurrentFinancialInstruments core:WithinOneYear 2025-02-28 02782694 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-28 02782694 core:WithinOneYear 2025-02-28 02782694 core:WithinOneYear 2024-02-28 02782694 core:AfterOneYear 2025-02-28 02782694 core:AfterOneYear 2024-02-28 02782694 core:CurrentFinancialInstruments 2025-02-28 02782694 core:CurrentFinancialInstruments 2024-02-28 02782694 core:ShareCapital 2025-02-28 02782694 core:ShareCapital 2024-02-28 02782694 core:CapitalRedemptionReserve 2025-02-28 02782694 core:CapitalRedemptionReserve 2024-02-28 02782694 core:RetainedEarningsAccumulatedLosses 2025-02-28 02782694 core:RetainedEarningsAccumulatedLosses 2024-02-28 02782694 bus:Director1 2024-02-29 2025-02-28 02782694 core:PlantMachinery 2024-02-29 2025-02-28 02782694 core:FurnitureFittings 2024-02-29 2025-02-28 02782694 core:ComputerEquipment 2024-02-29 2025-02-28 02782694 2023-03-01 2024-02-28 02782694 core:PlantMachinery 2024-02-28 02782694 core:FurnitureFittings 2024-02-28 02782694 core:ComputerEquipment 2024-02-28 02782694 2024-02-28 02782694 core:Non-currentFinancialInstruments 2025-02-28 02782694 core:Non-currentFinancialInstruments 2024-02-28 02782694 bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 02782694 bus:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 02782694 bus:FRS102 2024-02-29 2025-02-28 02782694 bus:AuditExemptWithAccountantsReport 2024-02-29 2025-02-28 02782694 bus:Director2 2024-02-29 2025-02-28 02782694 bus:Director3 2024-02-29 2025-02-28 02782694 bus:FullAccounts 2024-02-29 2025-02-28 xbrli:pure xbrli:shares iso4217:GBP