Plantation Productions Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 05077424 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2022

for

PLANTATION PRODUCTIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

Mr C Burns

Mr A D Burns

Registered office:

1st Floor Waterside House

Waterside Drive

Wigan

Lancashire

WN3 5AZ

Registered number:

05077424 (England and Wales)

Accountants:

NRB

1st Floor Waterside House

Waterside Drive

Wigan

Lancashire

WN3 5AZ

FIXED ASSETS

Tangible assets

4

12,596

13,996

CURRENT ASSETS

Debtors

5

8,519

-

CREDITORS

Amounts falling due within one year

6

12,351

11,768

NET CURRENT LIABILITIES

(3,832

)

(11,768

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,764

2,228

CREDITORS

Amounts falling due after more than one year

7

(6,096

)

(8,333

)

PROVISIONS FOR LIABILITIES

9

(2,275

)

(2,515

)

NET ASSETS/(LIABILITIES)

393

(8,620

)

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

293

(8,720

)

SHAREHOLDERS' FUNDS

393

(8,620

)

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.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 December 2022 and were signed on its behalf by:

Mr C Burns - Director

1.	STATUTORY INFORMATION

Plantation 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.

Fixtures and fittings

-

10% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2021

and 31 March 2022

59,538

DEPRECIATION

At 1 April 2021

45,542

Charge for year

1,400

At 31 March 2022

46,942

NET BOOK VALUE

At 31 March 2022

12,596

At 31 March 2021

13,996

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Other debtors

8,519

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans and overdrafts

5,789

5,219

Taxation and social security

2,891

205

Other creditors

3,671

6,344

12,351

11,768

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans

6,096

8,333

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.22

31.3.21

£

£

Bank overdrafts

3,659

3,552

9.	PROVISIONS FOR LIABILITIES

31.3.22

31.3.21

£

£

Deferred tax

2,275

2,515

Deferred

tax

£

Balance at 1 April 2021

2,515

Utilised during year

(240

)

Balance at 31 March 2022

2,275

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.22

31.3.21

value:

£

£

100

Ordinary

£1

100

100

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2022 and 31 March 2021:

31.3.22

31.3.21

£

£

Mr C Burns

Balance outstanding at start of year

(2,688

)

(2,688

)

Amounts advanced

29,067

-

Amounts repaid

(17,860

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

8,519

(2,688

)