Bill Brookman Productions Limited - Period Ending 2022-03-31

Bill Brookman Productions Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 6

Bill Brookman Productions Limited

Company Information

Director

Mr W D Brookman

Company secretary

Mr W D Brookman

Registered office

38 Alan Moss Road Loughborough Leicestershire LE11 5LX

Accountants

Mitchell Meredith Limited Chartered Accountants St Davids House 48 Free Street Brecon Powys LD3 7BN

Bill Brookman Productions Limited

(Registration number: 03711446)
Balance Sheet as at 31 March 2022

	Note	2022 £	2021 £
Fixed assets
Tangible assets	4	1,657	1,968
Current assets
Debtors	5	2,550	390
Cash at bank and in hand		7,701	11,405
		10,251	11,795
Creditors: Amounts falling due within one year	6	(65,522)	(61,546)
Net current liabilities		(55,271)	(49,751)
Total assets less current liabilities		(53,614)	(47,783)
Creditors: Amounts falling due after more than one year	6	(232)	(287)
Net liabilities		(53,846)	(48,070)
Reserves
Retained earnings		(53,846)	(48,070)
Deficit		(53,846)	(48,070)

Bill Brookman Productions Limited

(Registration number: 03711446)
Balance Sheet as at 31 March 2022

For the financial year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 6 March 2023
 

Mr W D Brookman Company secretary and director

Bill Brookman Productions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

1	General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
38 Alan Moss Road
Loughborough
Leicestershire
LE11 5LX

These financial statements were authorised for issue by the director on 6 March 2023.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

At the balance sheet date the company had net current liabilities of £55,271 (2021 - £49,751), and total net liabilities of £53,846 (2021 - £48,070). However creditors includes loans from the directors of £62,837 (2021 - £60,614). On the basis of their continued support, the directors consider it appropriate to prepare these accounts on the going concern basis.

Government grants

Government grants are recognised when it is reasonable to expect that the grants will be received and that all
related conditions will be met, usually on submission of a valid claim for payment.

Government grants in respect of capital expenditure are credited to a deferred income account and are released
to profit over the expected useful lives of the relevant assets.

Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

Foreign currency transactions and balances

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Bill Brookman Productions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant & Machinery	15% reducing balance
Motor Vehicles	20% reducing balance
Furniture and Fittings	15% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2021 - 2).

Bill Brookman Productions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 April 2021	14,611	22,249	8,706	45,566
At 31 March 2022	14,611	22,249	8,706	45,566
Depreciation
At 1 April 2021	13,268	21,921	8,409	43,598
Charge for the year	201	65	45	311
At 31 March 2022	13,469	21,986	8,454	43,909
Carrying amount
At 31 March 2022	1,142	263	252	1,657
At 31 March 2021	1,343	328	297	1,968

5

Debtors

	2022 £	2021 £
Trade debtors	2,550	390

6

Creditors

Creditors: amounts falling due within one year

	Note	2022 £	2021 £
Due within one year
Directors loan		62,837	60,614
Social security and other taxes		135	92
Outstanding defined contribution pension costs		30	-
Accruals		2,520	840
		65,522	61,546
Due after one year
Deferred income		232	287