Company registration number SC803822 (Scotland)
INSANE PRODUCTIONS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
INSANE PRODUCTIONS LTD
COMPANY INFORMATION
Directors
Mr C S Gibson
(Appointed 20 March 2024)
Mr E T Bibby
(Appointed 20 March 2024)
Mr L W J Oseland
(Appointed 20 March 2024)
Company number
SC803822
Registered office
39 Murrayfield Road
Edinburgh
EH12 6EU
Accountants
Theataccounts Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
INSANE PRODUCTIONS LTD
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 4
INSANE PRODUCTIONS LTD
ENTERTAINMENT ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF INSANE PRODUCTIONS LTD FOR THE YEAR ENDED 31 MARCH 2025
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Insane Productions Ltd for the year ended 31 March 2025 set out on pages 2 to 4 from the company’s accounting records and from information and explanations you have given us.
This report is made solely to the board of directors of Insane Productions Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Insane Productions Ltd and state those matters that we have agreed to state to the board of directors of Insane Productions Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Insane Productions Ltd and its board of directors as a body, for our work or for this report.
It is your duty to ensure that Insane Productions Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Insane Productions Ltd. You consider that Insane Productions Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Insane Productions Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Theataccounts Limited
24 November 2025
Entertainment Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
INSANE PRODUCTIONS LTD
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 2 -
2025
Notes
£
£
Fixed assets
Tangible assets
3
2,045
Current assets
Cash at bank and in hand
1,306
Creditors: amounts falling due within one year
4
(2,972)
Net current liabilities
(1,666)
Net assets
379
Capital and reserves
Called up share capital
5
300
Profit and loss reserves
79
Total equity
379
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 24 November 2025 and are signed on its behalf by:
Mr C S Gibson
Director
Company registration number SC803822 (Scotland)
INSANE PRODUCTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information
Insane Productions Ltd is a private company limited by shares incorporated in Scotland. The registered office is 39 Murrayfield Road, Edinburgh, EH12 6EU.
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 have been prepared under the historical cost convention. 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 goods and services provided in the normal course of business.
Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.
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:
Computers
33% Straight Line
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
Number
Total
3
INSANE PRODUCTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 20 March 2024
Additions
3,052
At 31 March 2025
3,052
Depreciation and impairment
At 20 March 2024
Depreciation charged in the year
1,007
At 31 March 2025
1,007
Carrying amount
At 31 March 2025
2,045
4
Creditors: amounts falling due within one year
2025
£
Other creditors
2,972
5
Called up share capital
2025
2025
Ordinary share capital
Number
£
Issued and fully paid
Ordinary of £1 each
300
300
300 Ordinary shares were allotted and fully paid for cash at par during the year.
6
Ultimate controlling party
There is no ultimate controlling party.