Concept Productions Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC096457 (Scotland)

Financial Statements for the Year Ended 31 March 2020

for

Concept Productions Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Wilson

Ms L Llewellyn

SECRETARY:

Ms L Llewellyn

REGISTERED OFFICE:

12-16 Albyn Place

Aberdeen

AB10 1PS

REGISTERED NUMBER:

SC096457 (Scotland)

ACCOUNTANTS:

Graeme Munro & Company Ltd

Unit 19

50 Cotton Street

Aberdeen

AB11 5EE

FIXED ASSETS

Tangible assets

4

5,578

7,700

CURRENT ASSETS

Debtors

14,298

6,234

Cash at bank

25,534

9,336

39,832

15,570

CREDITORS

Amounts falling due within one year

26,865

15,343

NET CURRENT ASSETS

12,967

227

TOTAL ASSETS LESS CURRENT LIABILITIES

18,545

7,927

CAPITAL AND RESERVES

Called up share capital

13,375

13,375

Retained earnings

5,170

(5,448

)

SHAREHOLDERS' FUNDS

18,545

7,927

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2020 in accordance with Section 444(2A) of the Companies Act 2006.

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 7 December 2020 and were signed on its behalf by:

Ms L Llewellyn - Director

1.	STATUTORY INFORMATION

Concept Productions Limited is a private company, limited by shares , registered in Scotland. 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 etc

-

33% on reducing balance, 25% on cost and 20% on cost

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.

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 2 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2019

and 31 March 2020

576,703

DEPRECIATION

At 1 April 2019

569,003

Charge for year

2,122

At 31 March 2020

571,125

NET BOOK VALUE

At 31 March 2020

5,578

At 31 March 2019

7,700