High Five Productions Limited - Accounts to registrar (filleted) - small 18.2

Unaudited Financial Statements

for the Period 4 September 2019 to 31 December 2020

for

High Five Productions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

H Dhanuka

A K Dhanuka

SECRETARY:

REGISTERED OFFICE:

Bridge House

2 Bridge Avenue

Maidenhead

Berkshire

SL6 1RR

REGISTERED NUMBER:

12187905 (England and Wales)

ACCOUNTANTS:

Peter Upton

Bridge House

2 Bridge Avenue

Maidenhead

Berkshire

SL6 1RR

FIXED ASSETS

Tangible assets

4

217,599

CURRENT ASSETS

Debtors

5

265,559

Cash at bank and in hand

35,081

300,640

CREDITORS

Amounts falling due within one year

6

257,085

NET CURRENT ASSETS

43,555

TOTAL ASSETS LESS CURRENT LIABILITIES

261,154

PROVISIONS FOR LIABILITIES

7

16,369

NET ASSETS

244,785

CAPITAL AND RESERVES

Called up share capital

8

175,000

Retained earnings

9

69,785

SHAREHOLDERS' FUNDS

244,785

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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.

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 12 May 2021 and were signed on its behalf by:

H Dhanuka - Director

1.	STATUTORY INFORMATION

High Five 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.

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.

Lights and accessories - 12.5% on cost (estimated life - 8 years)

Camera equipment and accessories - 20% on cost (estimated life - 5 years)

Grips - 12.5% on cost (estimated life - 8 years)

Warehouse equipment - 12.5% on cost (estimated life - 8 years)

Taxation

Taxation for the period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

Additions

226,793

At 31 December 2020

226,793

DEPRECIATION

Charge for period

9,194

At 31 December 2020

9,194

NET BOOK VALUE

At 31 December 2020

217,599

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

6,902

Other debtors

258,657

265,559

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

168,074

VAT

23,011

Other creditors

65,000

Accrued expenses

1,000

257,085

7.	PROVISIONS FOR LIABILITIES

£

Deferred tax

16,369

Deferred

tax

£

Provided during period

16,369

Balance at 31 December 2020

16,369

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

175,000

Ordinary

1

175,000

9.

RESERVES

Retained

earnings

£

Profit for the period

69,785

At 31 December 2020

69,785

10.	ULTIMATE CONTROLLING PARTY

The controlling party is A K Dhanuka.

The ultimate controlling party is H Dhanuka.