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REGISTERED NUMBER: 06251583 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

LDLP STUDIO LIMITED

LDLP STUDIO LIMITED (REGISTERED NUMBER: 06251583)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LDLP STUDIO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: Ms L de la Plain





REGISTERED OFFICE: Advantage
87 Castle Street
Reading
RG1 7SN





REGISTERED NUMBER: 06251583 (England and Wales)





ACCOUNTANTS: Haines Watts
The Lightbox
87 Castle Street
Reading
Berkshire
RG1 7SN

LDLP STUDIO LIMITED (REGISTERED NUMBER: 06251583)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 3,396 3,277

CURRENT ASSETS
Stocks 16,143 20,444
Debtors 5 8,231 14,071
Cash at bank 18,258 20,339
42,632 54,854
CREDITORS
Amounts falling due within one year 6 13,306 14,361
NET CURRENT ASSETS 29,326 40,493
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,722

43,770

PROVISIONS FOR LIABILITIES 500 515
NET ASSETS 32,222 43,255

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 32,221 43,254
SHAREHOLDERS' FUNDS 32,222 43,255

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

LDLP STUDIO LIMITED (REGISTERED NUMBER: 06251583)

BALANCE SHEET - continued
31 MAY 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 and authorised for issue by the director and authorised for issue on 6 March 2024 and were signed by:





Ms L de la Plain - Director


LDLP STUDIO LIMITED (REGISTERED NUMBER: 06251583)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

LDLP Studio 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.

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 represents the net value of goods sold and services rendered, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - straight line over the life of the lease
Plant and machinery - Straight line over 3 years
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

LDLP STUDIO LIMITED (REGISTERED NUMBER: 06251583)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Improvements Plant and and Computer
to property machinery fittings equipment Totals
£ £ £ £ £
COST
At 1 June 2022 9,552 - 44,686 916 55,154
Additions - 463 - 1,008 1,471
Disposals - - - (916 ) (916 )
At 31 May 2023 9,552 463 44,686 1,008 55,709
DEPRECIATION
At 1 June 2022 8,985 - 42,409 483 51,877
Charge for year 189 77 569 313 1,148
Eliminated on disposal - - - (712 ) (712 )
At 31 May 2023 9,174 77 42,978 84 52,313
NET BOOK VALUE
At 31 May 2023 378 386 1,708 924 3,396
At 31 May 2022 567 - 2,277 433 3,277

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors - 13,087
Other debtors 7,345 519
Prepayments 886 465
8,231 14,071

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 532 327
Corporation tax - 3,394
Social security and other taxes 1,034 1,060
VAT 4,930 4,912
Other creditors 649 585
Directors' current accounts 4,237 2,305
Accrued expenses 1,924 1,778
13,306 14,361

LDLP STUDIO LIMITED (REGISTERED NUMBER: 06251583)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£ £
Within one year 3,000 -
Between one and five years 12,000 -
In more than five years 14,647 -
29,647 -

8. CALLED UP SHARE CAPITAL

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

9. RESERVES
Retained
earnings
£

At 1 June 2022 43,254
Deficit for the year (9,033 )
Dividends (2,000 )
At 31 May 2023 32,221