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REGISTERED NUMBER: 08462890 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Lucy Watson Productions Ltd

Lucy Watson Productions Ltd (Registered number: 08462890)






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


Lucy Watson Productions Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mrs L Hannon





REGISTERED OFFICE: Ivy House
Newbury Street
Lambourn
Hungerford
RG17 8PB





REGISTERED NUMBER: 08462890 (England and Wales)





ACCOUNTANTS: Morley & Co (UK) Ltd
Chartered Certified Accountants,
2 Cricklade Court
Old Town
Swindon
Wiltshire
SN1 3EY

Lucy Watson Productions Ltd (Registered number: 08462890)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,390 386

CURRENT ASSETS
Debtors 5 420,544 74,986
Cash at bank 115,826 31,456
536,370 106,442
CREDITORS
Amounts falling due within one year 6 447,678 69,469
NET CURRENT ASSETS 88,692 36,973
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,082

37,359

CREDITORS
Amounts falling due after more than one
year

7

(17,500

)

(23,500

)

PROVISIONS FOR LIABILITIES (264 ) (73 )
NET ASSETS 72,318 13,786

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 72,218 13,686
72,318 13,786

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 director acknowledges her 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.

Lucy Watson Productions Ltd (Registered number: 08462890)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 February 2024 and were signed by:





Mrs L Hannon - Director


Lucy Watson Productions Ltd (Registered number: 08462890)

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

1. STATUTORY INFORMATION

Lucy Watson Productions Ltd 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.

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 Income Statement, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Lucy Watson Productions Ltd (Registered number: 08462890)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial instruments, including trade and other receivables and payables, cash and bank balances, bank loans and loans to or from other group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2022 7,182
Additions 1,853
At 31 March 2023 9,035
DEPRECIATION
At 1 April 2022 6,796
Charge for year 849
At 31 March 2023 7,645
NET BOOK VALUE
At 31 March 2023 1,390
At 31 March 2022 386

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 389,400 16,725
Other debtors 31,144 58,261
420,544 74,986

Lucy Watson Productions Ltd (Registered number: 08462890)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,000 6,000
Trade creditors 310,792 43,047
Taxation and social security 106,465 16,846
Other creditors 24,421 3,576
447,678 69,469

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 17,500 23,500

8. DIRECTOR'S 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
£    £   
Mrs L Hannon
Balance outstanding at start of year 558 8,967
Amounts advanced 115,394 81,637
Amounts repaid (102,307 ) (90,046 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13,645 558

Interest has been charged on the overdrawn directors loan account at the HMRC approved interest rate.