Wildsmith Productions Limited - Filleted accounts

Registered number

08477653

Wildsmith Productions Limited

Filleted Accounts

29 March 2025

Wildsmith Productions Limited
Registered number:		08477653
Balance Sheet
as at 29 March 2025


Notes			2025			2024
£				£
Current assets
Debtors	4	135,398			139,741
Cash at bank and in hand		941,692			478,078
		1,077,090			617,819

Creditors: amounts falling due within one year	5	(356,485)			(155,671)

Net current assets			720,605			462,148

Total assets less current liabilities			720,605			462,148

Creditors: amounts falling due after more than one year	6		(1,668)			(11,667)



Net assets			718,937			450,481

Capital and reserves
Called up share capital			1			1
Profit and loss account			718,936			450,480

Shareholder's funds			718,937			450,481

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.



…................................
M B W Lewis
Director
Approved by the board on 30 December 2025

Wildsmith Productions Limited
Notes to the Accounts
for the year ended 29 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).

	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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					3		2


3	Tangible fixed assets
								Plant and machinery etc
£
	Cost
	At 30 March 2024							1,739
	Disposals							(1,739)
	At 29 March 2025							-

	Depreciation
	At 30 March 2024							1,739
	On disposals							(1,739)
	At 29 March 2025							-

	Net book value
	At 29 March 2025							-


4	Debtors					2025		2024
£							£

	Trade debtors					13,912		19,720
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					40,364		40,364
	Other debtors					81,122		79,657
						135,398		139,741


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

	Bank loans and overdrafts					10,000		10,000
	Trade creditors					76,781		72,978
	Taxation and social security costs					149,204		43,085
	Other creditors					120,500		29,608
						356,485		155,671


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

	Bank loans					1,668		11,667


7	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	M B W Lewis
	Interest bearing loan	60,012		1,098		-		61,110

		60,012		1,098		-		61,110


8	Related party transactions

	During the year the company was charged £1,648 (2024 - £19,705) for services by Wildsmith Productions LLC, a company under the control of the director M B W Lewis.


9	Controlling party

	The company was under the control of the director M B W Lewis throughout the current and previous periods.


10	Other information

	Wildsmith Productions Limited is a private company limited by shares and incorporated in England. Its registered office is:
	6 Apollo Office Court
	Radclive Road
	Gawcott
	Buckingham
	MK18 4DF