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Company Registration No. 09987188 (England and Wales)
Universal Light and Magic Limited Unaudited accounts for the year ended 28 February 2023
Universal Light and Magic Limited Unaudited accounts Contents
Page
- 2 -
Universal Light and Magic Limited Company Information for the year ended 28 February 2023
Director
Mr Ian Murray
Company Number
09987188 (England and Wales)
Registered Office
Building 6 30 Friern park London N12 9DA
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Universal Light and Magic Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
151,697 
126,333 
Investments
74,917 
174,917 
226,614 
301,250 
Current assets
Inventories
53,020 
53,020 
Debtors
13,257 
40,436 
Cash at bank and in hand
67,629 
16,513 
133,906 
109,969 
Creditors: amounts falling due within one year
(84,630)
(100,455)
Net current assets
49,276 
9,514 
Total assets less current liabilities
275,890 
310,764 
Provisions for liabilities
Deferred tax
(37,924)
(17,480)
Net assets
237,966 
293,284 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
237,965 
293,283 
Shareholders' funds
237,966 
293,284 
For the year ending 28 February 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 27 November 2023 and were signed on its behalf by
Mr Ian Murray Director Company Registration No. 09987188
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Universal Light and Magic Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Universal Light and Magic Limited is a private company, limited by shares, registered in England and Wales, registration number 09987188. The registered office is Building 6, 30 Friern park, London, N12 9DA.
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% Straight line
Motor vehicles
25% Straight line
Fixtures & fittings
25% Straight line
Computer equipment
25% Straight line
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 March 2022
116,719 
78,905 
170,736 
3,476 
369,836 
Additions
81,301 
- 
732 
- 
82,033 
At 28 February 2023
198,020 
78,905 
171,468 
3,476 
451,869 
Depreciation
At 1 March 2022
29,180 
78,461 
134,479 
1,383 
243,503 
Charge for the year
49,506 
443 
5,851 
869 
56,669 
At 28 February 2023
78,686 
78,904 
140,330 
2,252 
300,172 
Net book value
At 28 February 2023
119,334 
1 
31,138 
1,224 
151,697 
At 28 February 2022
87,539 
444 
36,257 
2,093 
126,333 
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Universal Light and Magic Limited Notes to the Accounts for the year ended 28 February 2023
5
Investments
Other investments 
£ 
Valuation at 1 March 2022
174,917 
Fair value adjustments
(100,000)
Valuation at 28 February 2023
74,917 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
13,148 
35,577 
Amounts due from group undertakings etc.
109 
4,859 
13,257 
40,436 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
27,833 
43,031 
Trade creditors
20,314 
5,477 
Taxes and social security
3,454 
31,657 
Loans from directors
28,384 
17,565 
Accruals
4,645 
2,725 
84,630 
100,455 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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