| Amazing Productions Limited |
| Registered number: |
08907016 |
| Balance Sheet |
| as at 31 March 2019 |
|
| Notes |
|
|
2019 |
|
|
2018 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
64,002 |
|
|
53,607 |
|
| Current assets |
| Debtors |
4 |
|
457,575 |
|
|
82,625 |
| Cash at bank and in hand |
|
|
311,115 |
|
|
911,587 |
|
|
|
768,690 |
|
|
994,212 |
|
| Creditors: amounts falling due within one year |
5 |
|
(309,199) |
|
|
(530,664) |
|
| Net current assets |
|
|
|
459,491 |
|
|
463,548 |
|
| Net assets |
|
|
|
523,493 |
|
|
517,155 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
267 |
|
|
267 |
| Share premium |
|
|
|
599,933 |
|
|
599,933 |
| Profit and loss account |
|
|
|
(76,707) |
|
|
(83,045) |
|
| Shareholders' funds |
|
|
|
523,493 |
|
|
517,155 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their 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. |
|
|
|
|
| Rebecca Mulraine-Simkin |
| Director |
| Approved by the board on 6 September 2019 |
|
| Amazing Productions Limited |
| Notes to the Accounts |
| for the year ended 31 March 2019 |
|
|
| 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 and attributable profit for work carried out in producing television programmes are recognised over the period of production. Provision is made for overspends/losses as soon as they are identified.
Revenues on programmes distributed to third parties and other ancillary revenue are recognised once the company has been notified of such sums due to it. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Leasehold improvements |
over the lease term |
|
Plant and machinery |
33% straight line |
|
Motor Vehicles |
33% straight line |
|
|
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. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2019 |
|
2018 |
| Number |
Number |
|
|
Average number of persons employed by the company |
18 |
|
15 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
Land and buildings |
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 1 April 2018 |
24,013 |
|
86,759 |
|
700 |
|
111,472 |
|
Additions |
2,625 |
|
49,230 |
|
4,990 |
|
56,845 |
|
Disposals |
(24,013) |
|
(4,316) |
|
- |
|
(28,329) |
|
At 31 March 2019 |
2,625 |
|
131,673 |
|
5,690 |
|
139,988 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2018 |
16,501 |
|
41,131 |
|
233 |
|
57,865 |
|
Charge for the year |
7,512 |
|
37,875 |
|
1,063 |
|
46,450 |
|
On disposals |
(24,013) |
|
(4,316) |
|
- |
|
(28,329) |
|
At 31 March 2019 |
- |
|
74,690 |
|
1,296 |
|
75,986 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2019 |
2,625 |
|
56,983 |
|
4,394 |
|
64,002 |
|
At 31 March 2018 |
7,512 |
|
45,628 |
|
467 |
|
53,607 |
|
|
| 4 |
Debtors |
2019 |
|
2018 |
| £ |
£ |
|
|
Trade debtors |
70,839 |
|
67,088 |
|
Other debtors |
386,736 |
|
15,537 |
|
|
|
|
|
|
457,575 |
|
82,625 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2019 |
|
2018 |
| £ |
£ |
|
|
Trade creditors |
262,075 |
|
75,772 |
|
Other taxes and social security costs |
17,798 |
|
137,842 |
|
Other creditors |
29,326 |
|
317,050 |
|
|
|
|
|
|
309,199 |
|
530,664 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Related party transactions |
|
|
Films to Watch Ltd (a company under the control of a director) invoiced £42,031 (2018: £50,498) for the services of Michael Simkin in the year.
BBC Studios Distribution Limited (a 25% shareholder) made programme sales on behalf of the company which resulted in income of £72,296 (2018: £125,557) being invoiced by the company. |
|
|
| 7 |
Other information |
|
|
Amazing Productions Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
9th Floor, International House |
|
Canterbury Crescent |
|
London |
|
SW9 7QD |
