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Company Registration No. NI629976 (Northern Ireland)
Light Image Design Limited Unaudited accounts for the year ended 31 March 2023
Light Image Design Limited Unaudited accounts Contents
Page
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Light Image Design Limited Company Information for the year ended 31 March 2023
Director
David Sherwin
Company Number
NI629976 (Northern Ireland)
Registered Office
4 Clifton Road Bangor Co. Down BT20 5EP Northern Ireland
Accountants
Gray + Press Accountants Limited Unit 4A Channel Wharf 21 Old Channel Road Belfast BT3 9DE
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Light Image Design Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,636 
10,889 
Current assets
Debtors
4,322 
2,868 
Cash at bank and in hand
33,677 
64,589 
37,999 
67,457 
Creditors: amounts falling due within one year
(24,336)
(31,954)
Net current assets
13,663 
35,503 
Total assets less current liabilities
22,299 
46,392 
Creditors: amounts falling due after more than one year
(14,019)
(21,536)
Net assets
8,280 
24,856 
Capital and reserves
Called up share capital
25 
25 
Profit and loss account
8,255 
24,831 
Shareholders' funds
8,280 
24,856 
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 August 2023 and were signed on its behalf by
David Sherwin Director Company Registration No. NI629976
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Light Image Design Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Light Image Design Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI629976. The registered office is 4 Clifton Road, Bangor, Co. Down, BT20 5EP, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
- 25% Reducing Balance
Fixtures & fittings
- 25% Reducing Balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Share capital of the company
Ordinary share capital The ordinary share capital of the company is presented as equity.
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Light Image Design Limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
1,982 
26,524 
28,506 
Additions
- 
494 
494 
At 31 March 2023
1,982 
27,018 
29,000 
Depreciation
At 1 April 2022
1,004 
16,613 
17,617 
Charge for the year
245 
2,502 
2,747 
At 31 March 2023
1,249 
19,115 
20,364 
Net book value
At 31 March 2023
733 
7,903 
8,636 
At 31 March 2022
978 
9,911 
10,889 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
477 
2,868 
Other debtors
3,845 
- 
4,322 
2,868 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,992 
4,468 
VAT
551 
5,963 
Trade creditors
797 
35 
Taxes and social security
15,068 
19,669 
Accruals
1,928 
1,819 
24,336 
31,954 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
14,019 
21,536 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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