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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Small Man Limited is a private limited liability company incorporated in England and Wales with its principal place of business at 40 Fairwater Road, Cardiff, CF5 2LE.
The principal activity of the Company during the year is that of television production and exploitation of the work of R Brydon.
The Company's functional and presentational currency is £ Sterling.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
The financial statements have been prepared on a going concern basis which is dependent upon the continued support of the shareholders. In the opinion of the directors the Company will continue to receive such financial support as may be required to enable it to meet its liabilities for at least 12 months following the date of their approval of the financial statements and on this basis have prepared the financial statements on a going concern basis.
Turnover comprises revenue recognised by the Company in respect of production services supplied and royalties receivable during the year, exclusive of Value Added Tax.
Revenue from production services is recognised as production activity progresses in accordance with the terms of the production agreement schedule. Royalties receivable are accounted for on a royalty earnings basis.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Short term debtors are measured at the transaction price, less any impairment.
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