Mid Atlantic Productions Limited,Ltd - AccountsLtd - Accounts

Mid Atlantic Productions Limited,Ltd - AccountsLtd - Accounts

MID ATLANTIC PRODUCTIONS LIMITED - Company Information

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2021-01-01 02118693 2021-12-31 02118693 2021-01-01 2021-12-31 02118693 2020-12-31 02118693 2020-01-01 2020-12-31 02118693 uk-core:WithinOneYear 2020-12-31 02118693 uk-core:WithinOneYear 2021-12-31 02118693 uk-core:ShareCapital 2021-12-31 02118693 uk-core:ShareCapital 2020-12-31 02118693 uk-core:RetainedEarningsAccumulatedLosses 2021-12-31 02118693 uk-core:RetainedEarningsAccumulatedLosses 2020-12-31 02118693 uk-bus:Director1 2021-01-01 2021-12-31 02118693 uk-core:OfficeEquipment 2021-01-01 2021-12-31 02118693 uk-core:MotorVehicles 2021-01-01 2021-12-31 02118693 uk-core:OfficeEquipment 2020-12-31 02118693 uk-core:MotorVehicles 2020-12-31 02118693 uk-core:MotorVehicles 2021-12-31 02118693 uk-core:OfficeEquipment 2021-12-31 iso4217:GBP xbrli:pure 02118693 uk-bus:AuditExemptWithAccountantsReport 2021-01-01 2021-12-31 02118693 uk-bus:FRS102 2021-01-01 2021-12-31 02118693 uk-bus:FullAccounts 2021-01-01 2021-12-31 02118693 uk-bus:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31
Mid Atlantic Productions Limited
Registered Number:02118693
For the year ended 31 December 2021
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2021
Mid Atlantic Productions Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
02118693
As at 31 December 2021
Mid Atlantic Productions Limited
Statement of Financial Position
£
£
2020
2021
Notes
Fixed assets
Property, plant and equipment
3
3
2
3
3
Current assets
Trade and other receivables
6,212
28,757
3
7,828
Cash and cash equivalents
2,186
30,943
14,040
Trade and other payables: amounts falling due within one
year
(26,664)
(30,868)
4
(12,624)
75
Net current assets
Total assets less current liabilities
78
(12,621)
78
Net assets/liabilities
(12,621)
Capital and reserves
Called up share capital
100
100
Retained earnings
(22)
(12,721)
78
(12,621)
Shareholders' funds
For the year ended 31 December 2021 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
J P Flande Director
These financial statements were approved and authorised for issue by the Board on 05 October 2022 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2021
Mid Atlantic Productions Limited
Notes to the Financial Statements
Statutory Information
Mid Atlantic Productions Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 02118693.
Registered address:
Forest Lodge
Forest Road
Pyrford
Surrey
GU22 8NA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
20 % Straight line
Furniture and Equipment
25 % Straight line
Motor Vehicles
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
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5
For the year ended 31 December 2021
Mid Atlantic Productions Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Furniture and
Equipment
Motor Vehicles
£
£
£
Cost or
valuation
At 01 January 2021
46,258
8,065
38,193
At 31 December 2021
38,193
8,065
46,258
Provision for depreciation and impairment
At 01 January 2021
46,255
8,064
38,191
At 31 December 2021
46,255
8,064
38,191
At 31 December 2021
Net book value
2
1
3
At 31 December 2020
2
1
3
3. Trade and other receivables
2020
2021
£
£
Trade debtors
28,757
6,212
4. Trade and other payables: amounts falling due within one year
2020
2021
£
£
Trade creditors
690
-
Taxation and social security
600
600
Other creditors
29,578
26,064
30,868
26,664
5. Average number of persons employed
During the year the average number of employees was 0
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