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

REGISTERED NUMBER: SC096457 (Scotland)

Financial Statements for the Year Ended 31 March 2022

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 10

The Courtyard

North Deeside Road

ABERDEEN

AB15 9SD

FIXED ASSETS

Tangible assets

4

2,937

4,029

CURRENT ASSETS

Debtors

7,606

9,774

Cash at bank

16,835

11,798

24,441

21,572

CREDITORS

Amounts falling due within one year

22,295

23,534

NET CURRENT ASSETS/(LIABILITIES)

2,146

(1,962

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,083

2,067

CAPITAL AND RESERVES

Called up share capital

13,375

13,375

Retained earnings

(8,292

)

(11,308

)

SHAREHOLDERS' FUNDS

5,083

2,067

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 2022 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 30 September 2022 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 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2021

and 31 March 2022

576,703

DEPRECIATION

At 1 April 2021

572,674

Charge for year

1,092

At 31 March 2022

573,766

NET BOOK VALUE

At 31 March 2022

2,937

At 31 March 2021

4,029