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
Universal Light and Magic Limited
Company Information
for the year ended 28 February 2023
Company Number
09987188 (England and Wales)
Registered Office
Building 6
30 Friern park
London
N12 9DA
Universal Light and Magic Limited
Statement of financial position
as at 28 February 2023
Tangible assets
151,697
126,333
Investments
74,917
174,917
Cash at bank and in hand
67,629
16,513
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
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
Universal Light and Magic Limited
Notes to the Accounts
for the year ended 28 February 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
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
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
Amounts falling due within one year
Trade debtors
13,148
35,577
Amounts due from group undertakings etc.
109
4,859
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
20,314
5,477
Taxes and social security
3,454
31,657
Loans from directors
28,384
17,565
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).