Both/And Productions Limited - Accounts to registrar (filleted) - small 23.2.5

Both/And Productions Limited - Accounts to registrar (filleted) - small 23.2.5

BOTH/AND PRODUCTIONS LIMITED - Company Information

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IRIS Accounts Production v23.3.1.45 11918375 director 1.5.22 31.3.23 31.3.23 0 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure119183752022-04-30119183752023-03-31119183752022-05-012023-03-31119183752021-04-30119183752021-05-012022-04-30119183752022-04-3011918375ns16:EnglandWales2022-05-012023-03-3111918375ns15:PoundSterling2022-05-012023-03-3111918375ns11:Director12022-05-012023-03-3111918375ns11:PrivateLimitedCompanyLtd2022-05-012023-03-3111918375ns11:SmallEntities2022-05-012023-03-3111918375ns11:AuditExempt-NoAccountantsReport2022-05-012023-03-3111918375ns11:SmallCompaniesRegimeForDirectorsReport2022-05-012023-03-3111918375ns11:SmallCompaniesRegimeForAccounts2022-05-012023-03-3111918375ns11:AbridgedAccounts2022-05-012023-03-3111918375ns11:EntityHasNeverTraded2022-05-012023-03-3111918375ns11:OrdinaryShareClass12022-05-012023-03-3111918375ns11:RegisteredOffice2022-05-012023-03-3111918375ns6:CurrentFinancialInstruments2023-03-3111918375ns6:CurrentFinancialInstruments2022-04-3011918375ns6:ShareCapital2023-03-3111918375ns6:ShareCapital2022-04-3011918375ns6:RetainedEarningsAccumulatedLosses2023-03-3111918375ns6:RetainedEarningsAccumulatedLosses2022-04-3011918375ns11:OrdinaryShareClass12023-03-3111918375ns11:Director112022-04-3011918375ns11:Director112021-04-3011918375ns11:Director112022-05-012023-03-3111918375ns11:Director112021-05-012022-04-3011918375ns11:Director112023-03-3111918375ns11:Director112022-04-30
REGISTERED NUMBER: 11918375 (England and Wales)








Unaudited Financial Statements

for the Period 1 May 2022 to 31 March 2023

for

Both/And Productions Limited
Both/And Productions Limited (Registered number: 11918375)

Contents of the Financial Statements
for the Period 1 May 2022 to 31 March 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Both/And Productions Limited

Company Information
for the Period 1 May 2022 to 31 March 2023







DIRECTOR: A Scott





REGISTERED OFFICE: St Johns House
16 Church Street
Bromsgrove
Worcestershire
B61 8DN





REGISTERED NUMBER: 11918375 (England and Wales)





ACCOUNTANTS: Clay GBP Ltd
St Johns House
16 Church Street
Bromsgrove
Worcestershire
B61 8DN
Page 1
Both/And Productions Limited (Registered number: 11918375)

Abridged Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 147,627 -

CURRENT ASSETS
Debtors 120,150 60,425
Cash at bank 506,128 147,745
626,278 208,170
CREDITORS
Amounts falling due within one year 158,039 14,538
NET CURRENT ASSETS 468,239 193,632
TOTAL ASSETS LESS CURRENT LIABILITIES 615,866 193,632

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings 615,766 193,532
SHAREHOLDERS' FUNDS 615,866 193,632

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 period ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 director and authorised for issue on 22 December 2023 and were signed by:





A Scott - Director


The notes form part of these financial statements

Page 2
Both/And Productions Limited (Registered number: 11918375)

Notes to the Financial Statements
for the Period 1 May 2022 to 31 March 2023


1. STATUTORY INFORMATION

Both/And 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 comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, sales returns, rebates and discounts.

Revenue is recognised on the provision of services. Where not all services have been rendered, revenue is recognised based upon the period lapsed compared with total period of the project.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of a company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as an interest expense in the income statement.

Financial assets and liabilities
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs).

Trade debtors
Trade debtors are recognised initially at transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for 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 receivable.

Trade creditors
Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as amounts falling due after more than one year.

Equity instruments
Equity instruments are measured at the fair value of the cash or other resources transferred or transferrable, net of the direct costs of issuing or receiving the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Taxation
Taxation for the period 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.

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.

Page 3 continued...
Both/And Productions Limited (Registered number: 11918375)

Notes to the Financial Statements - continued
for the Period 1 May 2022 to 31 March 2023


2. ACCOUNTING POLICIES - continued

Fixed asset investment
Fixed asset investments are held at fair value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - NIL).

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
Additions 150,000
Disposals (3,750 )
Fair value movement 1,377
At 31 March 2023 147,627
NET BOOK VALUE
At 31 March 2023 147,627

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 March 2023 and the year ended 30 April 2022:

2023 2022
£    £   
A Scott
Balance outstanding at start of period 59,755 179,195
Amounts advanced 39,515 127,473
Amounts repaid - (246,913 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 99,270 59,755

The above represents the highest balance during the year. Interest has been charged on the loan at the HMRC official rate of interest. The loan has been provided with no fixed repayment terms and with no security. The loan was repaid within 9 months of the year end.

Page 4