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REGISTERED NUMBER: 07524999 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

THE LOFT CREATIVE IMAGING LIMITED

THE LOFT CREATIVE IMAGING LIMITED (REGISTERED NUMBER: 07524999)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE LOFT CREATIVE IMAGING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: D Rump
Mrs G E Rump





REGISTERED OFFICE: Lambden House
Lambden Road
Pluckley
Ashford
Kent
TN27 0RB





BUSINESS ADDRESS: Lysander
The Street
Great Chart
Ashford
Kent
TN23 3AN





REGISTERED NUMBER: 07524999 (England and Wales)





ACCOUNTANTS: Stonebridge Associates
Lambden House
Lambden Road
Pluckley
Kent
TN27 0RB

THE LOFT CREATIVE IMAGING LIMITED (REGISTERED NUMBER: 07524999)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 143 168

CURRENT ASSETS
Debtors 5 18,142 17,439
Cash at bank 1,002 2
19,144 17,441
CREDITORS
Amounts falling due within one year 6 18,269 11,916
NET CURRENT ASSETS 875 5,525
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,018

5,693

PROVISIONS FOR LIABILITIES 7 27 32
NET ASSETS 991 5,661

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 891 5,561
SHAREHOLDERS' FUNDS 991 5,661

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

THE LOFT CREATIVE IMAGING LIMITED (REGISTERED NUMBER: 07524999)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 Board of Directors and authorised for issue on 26 July 2024 and were signed on its behalf by:





Mrs G E Rump - Director


THE LOFT CREATIVE IMAGING LIMITED (REGISTERED NUMBER: 07524999)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

The Loft Creative Imaging 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.
Plant and machinery etc - 20% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

THE LOFT CREATIVE IMAGING LIMITED (REGISTERED NUMBER: 07524999)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 9,638
DEPRECIATION
At 1 March 2023 9,470
Charge for year 25
At 29 February 2024 9,495
NET BOOK VALUE
At 29 February 2024 143
At 28 February 2023 168

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 18,142 17,439

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 2,875 2,375
Taxation and social security 15,394 9,541
18,269 11,916

7. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax 27 32

Deferred
tax
£   
Balance at 1 March 2023 32
Provided during year (5 )
Balance at 29 February 2024 27

THE LOFT CREATIVE IMAGING LIMITED (REGISTERED NUMBER: 07524999)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
D Rump and Mrs G E Rump
Balance outstanding at start of year 17,439 9,209
Amounts advanced 18,142 17,439
Amounts repaid (17,439 ) (9,209 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18,142 17,439

The directors loan amounts shown above have all been cleared within 9 months of the year end by way of dividends.

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £45,000 (2023 - £22,500) were paid to the directors .

Mr D Rump - Director and Shareholder

At the balance sheet date Mr D Rump owed Loft Creative Imaging Ltd £18,142 (2023 - £17,439).

10. ULTIMATE CONTROLLING PARTY

The controlling party is D Rump.