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REGISTERED NUMBER: 13409770 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Light Garden Studio Ltd

Light Garden Studio Ltd (Registered number: 13409770)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Light Garden Studio Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: A D Brunskill
D Webb





REGISTERED OFFICE: C/o Dragon Argent Limited
63 Bermondsey Street
London
SE1 3XF





REGISTERED NUMBER: 13409770 (England and Wales)





ACCOUNTANTS: Dragon Argent Limited
63 Bermondsey Street
London
SE1 3XF

Light Garden Studio Ltd (Registered number: 13409770)

Statement of Financial Position
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 47,114 53,003
Tangible assets 5 68,073 51,123
115,187 104,126

CURRENT ASSETS
Debtors 6 197,243 56,087
Cash at bank 70,209 83,425
267,452 139,512
CREDITORS
Amounts falling due within one year 7 2,042,766 942,444
NET CURRENT LIABILITIES (1,775,314 ) (802,932 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,660,127

)

(698,806

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (1,660,128 ) (698,807 )
(1,660,127 ) (698,806 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 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 30 July 2024 and were signed on its behalf by:



D Webb - Director


Light Garden Studio Ltd (Registered number: 13409770)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Light Garden Studio 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.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Tangible fixed assets are are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost and 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 statement of financial position date.

Research and development
Expenditure on research and development is expensed through the income statement in the year in which it is incurred.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 3 ) .

Light Garden Studio Ltd (Registered number: 13409770)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2023
and 31 May 2024 58,892
AMORTISATION
At 1 June 2023 5,889
Charge for year 5,889
At 31 May 2024 11,778
NET BOOK VALUE
At 31 May 2024 47,114
At 31 May 2023 53,003

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 94,130
Additions 65,742
At 31 May 2024 159,872
DEPRECIATION
At 1 June 2023 43,007
Charge for year 48,792
At 31 May 2024 91,799
NET BOOK VALUE
At 31 May 2024 68,073
At 31 May 2023 51,123

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 197,243 56,087

Light Garden Studio Ltd (Registered number: 13409770)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 3,383 29,542
Amounts owed to group undertakings 1,999,485 846,849
Other creditors 39,898 66,053
2,042,766 942,444

8. RELATED PARTY DISCLOSURES

Included in other creditors due within one year is an amount of £5,158 (2023: £62,794) owed from the company to a director. The loan is interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The immediate and ultimate controlling party is Light Garden Holdings Ltd, whose registered office is C/O Dragon Argent Limited, 63 Bermondsey Street, London, SE1 3XF.