General Information
SHELLS FOR MEDIA PRODUCTIONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07652243, registration address Unit 6, 58-60 Minerva Road, LONDON, NW10 6HJ.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
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:
| Land and Buildings |
18% Reducing Balance |
| Plant and Machinery |
18% Reducing Balance
|
| Fixtures and Fittings |
18% Reducing Balance
|
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
|
| 2. |
Average number of employees
Average number of employees during the year was 4 (2024 : 6).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Fixtures and Fittings |
|
Land and Buildings |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
| At 01 April 2024 |
311,814 |
|
62,085 |
|
10,124 |
|
384,023 |
| Additions |
- |
|
- |
|
- |
|
- |
| Disposals |
- |
|
- |
|
- |
|
- |
| At 31 March 2025 |
311,814 |
|
62,085 |
|
10,124 |
|
384,023 |
| Depreciation |
| At 01 April 2024 |
302,699 |
|
56,828 |
|
10,124 |
|
369,651 |
| Charge for year |
1,641 |
|
946 |
|
- |
|
2,587 |
| On disposals |
- |
|
- |
|
- |
|
- |
| At 31 March 2025 |
304,340 |
|
57,774 |
|
10,124 |
|
372,238 |
| Net book values |
| Closing balance as at 31 March 2025 |
7,474 |
|
4,311 |
|
- |
|
11,785 |
| Opening balance as at 01 April 2024 |
9,115 |
|
5,257 |
|
- |
|
14,372 |
|
| 4. |
Share Capital
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
1,000
Class A shares of £1.00 each |
1,000 |
|
1,000 |
|
1,000 |
|
1,000 |
|
2
|