Wizard Video Productions Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02502657 (England and Wales)

Wizard Video Productions Limited

Unaudited Financial Statements for the Year Ended 31 August 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs P M M Ellis

T J Ellis

REGISTERED OFFICE:

The White House

2 Meadrow

Godalming

Surrey

GU7 3HN

REGISTERED NUMBER:

02502657 (England and Wales)

ACCOUNTANTS:

Hughes Waddell

The White House

2 Meadrow

Godalming

Surrey

GU7 3HN

FIXED ASSETS

Tangible assets

4

7,354

12,814

Investments

5

702

78,632

8,056

91,446

CURRENT ASSETS

Stock

2,925

9,047

Debtors

6

20,216

17,552

Cash at bank

47,949

24,431

71,090

51,030

CREDITORS

Amounts falling due within one year

7

16,733

25,852

NET CURRENT ASSETS

54,357

25,178

TOTAL ASSETS LESS CURRENT
LIABILITIES

62,413

116,624

PROVISIONS FOR LIABILITIES

-

1,862

NET ASSETS

62,413

114,762

CAPITAL AND RESERVES

Called up share capital

7

5

Retained earnings

62,406

114,757

SHAREHOLDERS' FUNDS

62,413

114,762

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 January 2026 and were signed on its behalf by:

T J Ellis - Director

1.	STATUTORY INFORMATION

Wizard Video Productions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents goods and services provided in the year net of value added tax. Where goods are sold on a sale or return basis, turnover represents the best estimate of income earned during the year. Any accrued income is added to turnover.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Equipment

-

25% on reducing balance

Stock

Stocks of unused discs, media cards and stationery are valued at the lower of cost and net realisable value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Fixed asset investments

Investments comprise investments in publicly traded shares which are measured at fair value. Changes in fair value are recognised through the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

property

Equipment

Totals

£

COST

At 1 September 2024

14,226

104,497

118,723

Additions

-

2,375

Disposals

(14,226

)

(46,458

)

(60,684

)

At 31 August 2025

-

60,414

DEPRECIATION

At 1 September 2024

12,445

93,464

105,909

Charge for year

-

2,450

Eliminated on disposal

(12,445

)

(42,854

)

(55,299

)

At 31 August 2025

-

53,060

NET BOOK VALUE

At 31 August 2025

-

7,354

At 31 August 2024

1,781

11,033

12,814

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 September 2024

78,632

Disposals

(112,302

)

Revaluations

34,372

At 31 August 2025

702

NET BOOK VALUE

At 31 August 2025

702

At 31 August 2024

78,632

Cost or valuation at 31 August 2025 is represented by:

Other

investments

£

Valuation in 2017

8,373

Valuation in 2018

7,786

Valuation in 2019

(20,952

)

Valuation in 2020

(30,212

)

Valuation in 2021

30,507

Valuation in 2022

(28,516

)

Valuation in 2023

(3,906

)

Valuation in 2024

2,951

Valuation in 2025

34,371

Cost

300

702

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

Trade debtors

10,595

11,103

Other debtors

2,310

-

Tax

4,903

4,803

Prepayments and accrued income

2,408

1,646

20,216

17,552

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

Trade creditors

595

105

Taxation and social security

13,658

15,405

Other creditors

2,480

10,342

16,733

25,852