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 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 income and expenditure account within the financial statements.true

Mess Up The Mess Theatre Company Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is 46 College Street, Ammanford, Carmarthenshire, Wales, SA18 3AF.

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 amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

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:

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 surplus or deficit.

Financial assets, other than those held at fair value through surplus and deficit, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in surplus or deficit.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in surplus or deficit.

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

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

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

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

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

Expenses and fees of £190 (2024 - £350) were paid to PJ Wagstaff, a director, for her work as a freelance facilitator for the company.

Expenses and fees of £4,426 (2024 - £2,520) were paid to Callum Bruce-Phillips, a director, for his work as a freelance facilitator for the company.

Christopher Lewis and Sarah Jones are remunerated for their roles as Executive Director and Artistic Director.

The company received grant income of £39,139 (2024 - £192,394) from 'The National Lottery Community Fund'. After opening and closing deferral adjustments, the total income and related expenditure recorded in the financial statements was £105,021 (2024 - £220,852).

The company received grant income of £29,560 (2024 - £34,744) from the 'Neath Port Talbot Third Sector Growth Fund'. After opening and closing deferral adjustments, the total income and related expenditure recorded in the financial statements was £38,746 (2024 - £25,558).

The company received grant income of £38,058 (2024 - £9,810) from the 'Carmarthenshire Sustainable Communities Fund'. After opening and closing deferral adjustments, the total income and related expenditure recorded in the financial statements was £29,577 (2024 - £18,292).

The company received grant income of £4,932 (2024 - nil) from 'The Big Sky Programme'. After opening and closing deferral adjustments, the total income and related expenditure recorded in the financial statements was £4,932 (2024 - nil).

The company received grant income of £127,429 (2024 - £44,431) from the 'Arts Council of Wales'. After opening and closing deferral adjustments, the total income and related expenditure recorded in the financial statements was £114,175(2024 - £38,084).

The company received grant income of £4,398 (2024 - nil) from the 'Targeted Finance Fund'. After opening and closing deferral adjustments, the total income and related expenditure recorded in the financial statements was £4,398 (2024 - nil).