11
false
false
false
false
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No description of principal activity
2022-04-01
Sage Accounts Production Advanced 2023 - FRS102_2023
57,922
57,922
57,922
xbrli:pure
xbrli:shares
iso4217:GBP
04783318
2022-04-01
2023-03-31
04783318
2023-03-31
04783318
2022-03-31
04783318
2021-04-01
2022-03-31
04783318
2022-03-31
04783318
2021-03-31
04783318
core:LandBuildings
core:OwnedOrFreeholdAssets
2022-04-01
2023-03-31
04783318
core:PlantMachinery
2022-04-01
2023-03-31
04783318
core:FurnitureFittings
2022-04-01
2023-03-31
04783318
bus:Director2
2022-04-01
2023-03-31
04783318
core:LandBuildings
core:OwnedOrFreeholdAssets
2022-03-31
04783318
core:FurnitureFittings
2022-03-31
04783318
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-03-31
04783318
core:FurnitureFittings
2023-03-31
04783318
core:WithinOneYear
2023-03-31
04783318
core:WithinOneYear
2022-03-31
04783318
core:AfterOneYear
2023-03-31
04783318
core:AfterOneYear
2022-03-31
04783318
core:ShareCapital
2023-03-31
04783318
core:ShareCapital
2022-03-31
04783318
core:RetainedEarningsAccumulatedLosses
2023-03-31
04783318
core:RetainedEarningsAccumulatedLosses
2022-03-31
04783318
core:CostValuation
core:Non-currentFinancialInstruments
2023-03-31
04783318
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2023-03-31
04783318
core:Non-currentFinancialInstruments
2022-03-31
04783318
core:LandBuildings
core:OwnedOrFreeholdAssets
2022-03-31
04783318
core:FurnitureFittings
2022-03-31
04783318
bus:SmallEntities
2022-04-01
2023-03-31
04783318
bus:AuditExemptWithAccountantsReport
2022-04-01
2023-03-31
04783318
bus:SmallCompaniesRegimeForAccounts
2022-04-01
2023-03-31
04783318
bus:PrivateLimitedCompanyLtd
2022-04-01
2023-03-31
04783318
bus:FullAccounts
2022-04-01
2023-03-31
04783318
core:OfficeEquipment
2022-04-01
2023-03-31
04783318
core:OfficeEquipment
2022-03-31
04783318
core:OfficeEquipment
2023-03-31
04783318
core:KeyManagementPersonnel
2022-04-01
2023-03-31
COMPANY REGISTRATION NUMBER:
04783318
Evolution Productions Limited |
|
Filleted Unaudited Financial Statements |
|
Evolution Productions Limited |
|
Year ended 31 March 2023
Statement of financial position |
1 |
|
|
Notes to the financial statements |
3 |
|
|
Evolution Productions Limited |
|
Statement of Financial Position |
|
31 March 2023
Fixed assets
Tangible assets |
5 |
160,587 |
117,860 |
Investments |
6 |
57,922 |
57,922 |
|
--------- |
--------- |
|
218,509 |
175,782 |
|
|
|
|
Current assets
Debtors |
7 |
684,193 |
369,681 |
Cash at bank and in hand |
372,640 |
386,635 |
|
------------ |
--------- |
|
1,056,833 |
756,316 |
|
|
|
|
Creditors: amounts falling due within one year |
8 |
502,685 |
348,902 |
|
------------ |
--------- |
Net current assets |
554,148 |
407,414 |
|
--------- |
--------- |
Total assets less current liabilities |
772,657 |
583,196 |
|
|
|
|
Creditors: amounts falling due after more than one year |
9 |
119,774 |
164,690 |
|
|
|
|
Provisions |
4,646 |
10,644 |
|
--------- |
--------- |
Net assets |
648,237 |
407,862 |
|
--------- |
--------- |
|
|
|
Capital and reserves
Called up share capital |
100 |
100 |
Profit and loss account |
648,137 |
407,762 |
|
--------- |
--------- |
Shareholders funds |
648,237 |
407,862 |
|
--------- |
--------- |
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
Evolution Productions Limited |
|
Statement of Financial Position (continued) |
|
31 March 2023
These financial statements were approved by the
board of directors
and authorised for issue on
13 October 2023
, and are signed on behalf of the board by:
Company registration number:
04783318
Evolution Productions Limited |
|
Notes to the Financial Statements |
|
Year ended 31 March 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Little Statenborough House, Sandwich Road, Eastry, Kent, CT13 0DH.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Buildings |
- |
4% straight line |
|
Set props and costumes |
- |
25% straight line |
|
Fixtures and fittings |
- |
10% straight line |
|
Equipment |
- |
33% straight line |
|
|
|
|
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Government grants
Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it it becomes receivable.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
11
(2022:
10
).
5.
Tangible assets
|
Buildings |
Fixtures and fittings |
Equipment |
Total |
|
£ |
£ |
£ |
£ |
Cost |
|
|
|
|
At 1 April 2022 |
82,265 |
148,808 |
45,455 |
276,528 |
Additions |
57,562 |
6,691 |
– |
64,253 |
|
--------- |
--------- |
-------- |
--------- |
At 31 March 2023 |
139,827 |
155,499 |
45,455 |
340,781 |
|
--------- |
--------- |
-------- |
--------- |
Depreciation |
|
|
|
|
At 1 April 2022 |
46,062 |
67,151 |
45,455 |
158,668 |
Charge for the year |
5,593 |
15,933 |
– |
21,526 |
|
--------- |
--------- |
-------- |
--------- |
At 31 March 2023 |
51,655 |
83,084 |
45,455 |
180,194 |
|
--------- |
--------- |
-------- |
--------- |
Carrying amount |
|
|
|
|
At 31 March 2023 |
88,172 |
72,415 |
– |
160,587 |
|
--------- |
--------- |
-------- |
--------- |
At 31 March 2022 |
36,203 |
81,657 |
– |
117,860 |
|
--------- |
--------- |
-------- |
--------- |
|
|
|
|
|
6.
Investments
|
Shares in group undertakings |
|
£ |
Cost |
|
At 1 April 2022 and 31 March 2023 |
57,922 |
|
-------- |
Impairment |
|
At 1 April 2022 and 31 March 2023 |
– |
|
-------- |
|
|
Carrying amount |
|
At 31 March 2023 |
57,922 |
|
-------- |
At 31 March 2022 |
57,922 |
|
-------- |
|
|
7.
Debtors
|
2023 |
2022 |
|
£ |
£ |
Trade debtors |
257,138 |
11,145 |
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
356,017 |
355,264 |
Other debtors |
71,038 |
3,272 |
|
--------- |
--------- |
|
684,193 |
369,681 |
|
--------- |
--------- |
|
|
|
8.
Creditors:
amounts falling due within one year
|
2023 |
2022 |
|
£ |
£ |
Bank loans and overdrafts |
44,915 |
44,915 |
Trade creditors |
102,483 |
15,863 |
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
60,521 |
60,764 |
Social security and other taxes |
281,925 |
220,731 |
Other creditors |
12,841 |
6,629 |
|
--------- |
--------- |
|
502,685 |
348,902 |
|
--------- |
--------- |
|
|
|
9.
Creditors:
amounts falling due after more than one year
|
2023 |
2022 |
|
£ |
£ |
Bank loans and overdrafts |
119,774 |
164,690 |
|
--------- |
--------- |
|
|
|
10.
Related party transactions
At the year end the company owed £6,654 (2022: £722) to the directors.
11.
Controlling party
The ultimate parent company is
Evolution Productions Holdings Limited
, a company registered in England & Wales. The registered address of the ultimate controlling party is: Little Statenborough House Sandwich Road, Eastry, Sandwich, Kent, United Kingdom, CT13 0DH
.