REGISTERED NUMBER: 05081180 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Action Image Productions Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

L J Stephens

REGISTERED OFFICE:

Cheltenham Film Studios

Arle Court

Hatherley Lane

Cheltenham

Gloucestershire

GL51 6PN

REGISTERED NUMBER:

05081180 (England and Wales)

ACCOUNTANTS:

HATS Gloucester Ltd

48 Hucclecote Road

Gloucester

Gloucestershire

GL3 3RS

BANKERS:

Monzo Bank

Broadwalk House

5 Appold Street

London

EC2A 2AG

FIXED ASSETS

Tangible assets

4

18,395

38,580

CURRENT ASSETS

Debtors

5

43,396

48,955

Cash at bank

185,099

237,513

228,495

286,468

CREDITORS

Amounts falling due within one year

6

15,084

22,037

NET CURRENT ASSETS

213,411

264,431

TOTAL ASSETS LESS CURRENT LIABILITIES

231,806

303,011

CREDITORS

Amounts falling due after more than one year

7

-

(4,167

)

PROVISIONS FOR LIABILITIES

(3,495

)

(7,330

)

NET ASSETS

228,311

291,514

CAPITAL AND RESERVES

Called up share capital

8

20

20

Retained earnings

228,291

291,494

SHAREHOLDERS' FUNDS

228,311

291,514

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 4 November 2026 and were signed by:

L J Stephens - Director

1.	STATUTORY INFORMATION

Action Image Productions Ltd 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on reducing balance

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

Cost

At 1 April 2025

208,746

3,120

211,866

Additions

4,276

-

4,276

Disposals

(10,207

)

(2,654

)

(12,861

)

At 31 March 2026

202,815

466

203,281

Depreciation

At 1 April 2025

170,580

2,706

173,286

Charge for year

23,950

50

24,000

Eliminated on disposal

(9,957

)

(2,443

)

(12,400

)

At 31 March 2026

184,573

313

184,886

Net book value

At 31 March 2026

18,242

153

18,395

At 31 March 2025

38,166

414

38,580

5.

DEBTORS

31/3/26

31/3/25

£

£

Amounts falling due within one year:

Trade debtors

8,340

17,460

Other debtors

35,056

18,927

43,396

36,387

Amounts falling due after more than one year:

Other debtors

-

12,568

Aggregate amounts

43,396

48,955

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/26

31/3/25

£

£

Bank loans and overdrafts

-

10,000

Trade creditors

2,300

-

Taxation and social security

10,405

6,363

Other creditors

2,379

5,674

15,084

22,037

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/26

31/3/25

£

£

Bank loans

-

4,167

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/26

31/3/25

value:

£

£

20

Ordinary

£1

-

20

10

Ordinary A

£1

10

-

10

Ordinary B

£1

10

-

20

20

During the year, the 20 ordinary share capital of the company was re-designated to 10 'A' ordinary

shares of £1 and 10 'B' ordinary shares of £1.

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2026 and 31 March 2025:

31/3/26

31/3/25

£

£

L J Stephens

Balance outstanding at start of year

-

57,788

Amounts advanced

80,606

-

Amounts repaid

(56,743

)

(57,788

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

23,863

-

The above loan to the director, included within other debtors, has no fixed repayment date. Interest is charged at the HM Revenue and Customs official rate of interest on the overdrawn loan balance. Interest of £438 was charged during the year.

10.	RELATED PARTY DISCLOSURES

Stage A Studios Ltd

A company controlled by the director L J Stephens

The company has loaned funds to Stage A Studios Ltd. The balance owed as of 31 March 2026 is £10,000. The loan, included within other debtors, is interest free and has no fixed repayment terms.