Drayford Productions Limited - Filleted accounts

Registered number

06167564

Drayford Productions Limited

Report and Unaudited Accounts

31 March 2025

Drayford Productions Limited
Registered number:		06167564
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		749			161

Current assets
Debtors	5	10,202			12,328
Cash at bank and in hand		949			1,414
		11,151			13,742

Creditors: amounts falling due within one year	6	(13,583)			(10,762)

Net current (liabilities)/assets			(2,432)			2,980

Total assets less current liabilities			(1,683)			3,141

Creditors: amounts falling due after more than one year	7		(2,537)			(5,023)

Provisions for liabilities			-			(31)


Net liabilities			(4,220)			(1,913)

Capital and reserves
Called up share capital			4			4
Profit and loss account			(4,224)			(1,917)

Shareholders' funds			(4,220)			(1,913)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.



AHI Harpur
Director
Approved by the board on 24 November 2025

Drayford Productions Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	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). The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	combination of 20% and 50% straight line

	Debtors and creditors receivable/payable within one year
	Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.



2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			2		2


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 April 2024					45,000
	At 31 March 2025					45,000

	Amortisation
	At 1 April 2024					45,000
	At 31 March 2025					45,000

	Net book value
	At 31 March 2025					-

	The directors estimated that the goodwill had a life of 10 years and has now been written off.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 April 2024	1,564		11,067		12,631
	Additions	-		1,461		1,461
	Disposals	-		(227)		(227)
	At 31 March 2025	1,564		12,301		13,865

	Depreciation
	At 1 April 2024	1,564		10,906		12,470
	Charge for the year	-		874		874
	On disposals	-		(228)		(228)
	At 31 March 2025	1,564		11,552		13,116

	Net book value
	At 31 March 2025	-		749		749
	At 31 March 2024	-		161		161


5	Debtors			2025		2024
£					£

	Deferred tax asset			523		-
	Other debtors			9,679		12,328
				10,202		12,328


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			2,486		2,376
	Trade creditors			676		84
	Other taxes and social security costs			793		295
	Other creditors			9,628		8,007
				13,583		10,762


7	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			2,537		5,023


8	Going concern

	The directors are confident that the company will remain profitable and that its retained reserves will return to a positive position.


9	Other information

	Drayford Productions Limited is a private company limited by shares and incorporated in England. Its registered office is:
	5 Providence Court
	Pynes Hill
	Exeter
	Devon
	EX2 5JL