The Production Company (Yorkshire) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05406000 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2021

for

The Production Company (Yorkshire)

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

6

DIRECTORS:

N Thornton

Mrs A L Thornton

SECRETARY:

Mrs A L Thornton

REGISTERED OFFICE:

No 1, Sandsgate

Sunnybank Mills

Farsley

Leeds

West Yorkshire

LS28 5UJ

REGISTERED NUMBER:

05406000 (England and Wales)

ACCOUNTANTS:

Accountants for Small Business Ltd

48 Kirkfield Lane

Thorner

Leeds

West Yorkshire

LS14 3EP

FIXED ASSETS

Tangible assets

4

16,948

12,028

CURRENT ASSETS

Debtors

5

16,053

35,238

Cash at bank and in hand

16,884

6,149

32,937

41,387

CREDITORS

Amounts falling due within one year

6

30,420

57,006

NET CURRENT ASSETS/(LIABILITIES)

2,517

(15,619

)

TOTAL ASSETS LESS CURRENT LIABILITIES

19,465

(3,591

)

CREDITORS

Amounts falling due after more than one year

7

(25,101

)

(98

)

PROVISIONS FOR LIABILITIES

(3,220

)

(2,285

)

NET LIABILITIES

(8,856

)

(5,974

)

CAPITAL AND RESERVES

Called up share capital

20,000

20,000

Retained earnings

(28,856

)

(25,974

)

SHAREHOLDERS' FUNDS

(8,856

)

(5,974

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2021 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 20th July 2021 and were signed on its behalf by:

N Thornton - Director

1.	STATUTORY INFORMATION

The Production Company (Yorkshire) 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.

Plant and machinery

-

25% on cost

Computer equipment

-

33% 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.

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.

Pension costs and other post-retirement benefits

The company operates an autoenrolment pension scheme with SMART PENSIONS provider. Contributions are made by both the employees who have elected to join the scheme and the Company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1st April 2020

35,240

2,190

12,538

49,968

Additions

13,289

-

1,022

14,311

At 31st March 2021

48,529

2,190

13,560

64,279

DEPRECIATION

At 1st April 2020

29,016

1,585

7,339

37,940

Charge for year

5,478

605

3,308

9,391

At 31st March 2021

34,494

2,190

10,647

47,331

NET BOOK VALUE

At 31st March 2021

14,035

-

2,913

16,948

At 31st March 2020

6,224

605

5,199

12,028

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

14,753

32,579

Other debtors

1,300

2,659

16,053

35,238

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

913

15,908

Trade creditors

5,865

10,937

Taxation and social security

22,392

26,338

Other creditors

1,250

3,823

30,420

57,006

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Other creditors

25,101

98

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

25,000

-

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st March 2021 set out on pages one to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Accountants for Small Business Ltd

48 Kirkfield Lane

Thorner

Leeds

West Yorkshire

LS14 3EP

Date: .............................................