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REGISTERED NUMBER: 05325054 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Idiotlamp Productions Limited

Idiotlamp Productions Limited (Registered number: 05325054)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Idiotlamp Productions Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr J E Field-Smith
Mr G N J Kay





SECRETARY: Mr J E Field-Smith





REGISTERED OFFICE: Avaland House
110 London Road
Hemel Hempstead
Hertfordshire
HP3 9SD





REGISTERED NUMBER: 05325054 (England and Wales)





ACCOUNTANTS: David Lindon & Co
Chartered Accountants
Avaland House
110 London Road
Hemel Hempstead
Hertfordshire
HP3 9SD

Idiotlamp Productions Limited (Registered number: 05325054)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,641 3,038

CURRENT ASSETS
Debtors 5 9,413 140
Prepayments and accrued income 210,000 -
Cash at bank 404,472 205,327
623,885 205,467
CREDITORS
Amounts falling due within one year 6 439,753 6,902
NET CURRENT ASSETS 184,132 198,565
TOTAL ASSETS LESS CURRENT
LIABILITIES

192,773

201,603

PROVISIONS FOR LIABILITIES 1,642 -
NET ASSETS 191,131 201,603

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 190,131 200,603
SHAREHOLDERS' FUNDS 191,131 201,603

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Idiotlamp Productions Limited (Registered number: 05325054)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 November 2023 and were signed on its behalf by:





Mr J E Field-Smith - Director


Idiotlamp Productions Limited (Registered number: 05325054)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Idiotlamp Productions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Idiotlamp Productions Limited (Registered number: 05325054)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2022 5,714
Additions 8,281
At 31 March 2023 13,995
DEPRECIATION
At 1 April 2022 2,676
Charge for year 2,678
At 31 March 2023 5,354
NET BOOK VALUE
At 31 March 2023 8,641
At 31 March 2022 3,038

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 13 -
Directors' current accounts 9,400 -
VAT - 140
9,413 140

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 4,302
VAT 38,243 -
Accruals and deferred income 401,510 2,600
439,753 6,902

Idiotlamp Productions Limited (Registered number: 05325054)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mr J E Field-Smith
Balance outstanding at start of year - -
Amounts advanced 10,000 -
Amounts repaid (600 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,400 -

9. ULTIMATE CONTROLLING PARTY

The company is under the control of the Directors who between them own 100% of the issued share capital.