Accounts filed on 31-07-2023

Accounts filed on 31-07-2023

PASSWORD PRODUCTIONS LTD. - Company Information

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05727791falsetheatrical productions2022-08-012023-07-31http://www.companieshouse.gov.uk/2022-07-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-07-31http://www.companieshouse.gov.uk/cd:Director12022-08-012023-07-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-07-31http://www.companieshouse.gov.uk/cd:Director22022-08-012023-07-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2022-07-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-08-012023-07-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-07-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-08-012023-07-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-08-012023-07-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-07-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-07-31http://www.companieshouse.gov.uk/2022-08-012023-07-31http://www.companieshouse.gov.uk/2022-07-31http://www.companieshouse.gov.uk/cd:FRS1022022-08-012023-07-31http://www.companieshouse.gov.uk/2023-07-31http://www.companieshouse.gov.uk/cd:FullAccounts2022-08-012023-07-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-08-012023-07-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 05727791
Password Productions Ltd
ACCOUNTS
FOR THE YEAR ENDED 31/07/2023
Prepared By:
Apple Tree Accountancy Ltd
Fox Fold House
East Hanney
Wantage
Oxon.
OX12 0HS
Password Productions Ltd
ACCOUNTS
FOR THE YEAR ENDED 31/07/2023
DIRECTORS
Mr J B Mackay
Mr R J Eady
REGISTERED OFFICE
Fox Fold House
Steventon Road, East Hanney
Wantage
Oxon.
OX12 0HS
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 05727791
ACCOUNTANTS
Apple Tree Accountancy Ltd
Fox Fold House
East Hanney
Wantage
Oxon.
OX12 0HS
Password Productions Ltd
ACCOUNTS
FOR THEYEARENDED31/07/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Password Productions Ltd
BALANCE SHEET AT 31/07/2023
20232022
Notes££
FIXED ASSETS
Tangible assets37381,578
CURRENT ASSETS
Debtors4455,275450,780
Cash at bank and in hand1,004,2781,479,919
1,459,5531,930,699
CREDITORS: Amounts falling due within one year5446,7981,009,206
NET CURRENT ASSETS1,012,755921,493
TOTAL ASSETS LESS CURRENT LIABILITIES1,013,493923,071
PROVISIONS FOR LIABILITIES AND CHARGES6185300
NET ASSETS1,013,308922,771
CAPITAL AND RESERVES
Called up share capital722
Profit and loss account1,013,306922,769
SHAREHOLDERS' FUNDS1,013,308922,771
For the year ending 31/07/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 19/03/2024 and signed on their behalf by
.............................
Mr J B Mackay
Director
Password Productions Ltd
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/07/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentstraight line 33% and 25%
2. EMPLOYEES
20232022
No.No.
Average number of employees11
3. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
At 01/08/202216,73816,738
At 31/07/202316,73816,738
Depreciation
At 01/08/202215,16015,160
For the year840840
At 31/07/202316,00016,000
Net Book Amounts
At 31/07/2023738738
At 31/07/20221,5781,578
Password Productions Ltd
4. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors285,84128,157
Other tax15,77315,773
Other debtors47,50051,031
Prepayments104,76149,963
Accrued income1,400305,856
455,275450,780
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax50,56698,195
VAT19,192108,620
Directors current account1,70918,619
Trade creditors34-
Accruals375,297780,772
Deferred income-3,000
446,7981,009,206
6. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation185300
185300
7. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22
Password Productions Ltd
8. CONTROLLING PARTY
The company was controlled throughout this year and the previous year by J Mackay as a result of his holding of 100% of the issued share capital.