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REGISTERED NUMBER: 07979876 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 March 2024

for

Light Pencil Productions Limited

Light Pencil Productions Limited (Registered number: 07979876)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Light Pencil Productions Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: L Meredith





SECRETARY:





REGISTERED OFFICE: The Studio, Hatherlow House
Hatherlow
Romiley
Stockport
Cheshire
SK6 3DY





REGISTERED NUMBER: 07979876 (England and Wales)





ACCOUNTANTS: TF & Partners Ltd t/a Hatherlows
Chartered Accountants
The Studio, Hatherlow House
Hatherlow
Romiley
Stockport
Cheshire
SK6 3DY

Light Pencil Productions Limited (Registered number: 07979876)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 8,480 5,164

CURRENT ASSETS
Debtors 6 8,369 4,400
Cash at bank and in hand 13,110 33,028
21,479 37,428
CREDITORS
Amounts falling due within one year 7 13,455 11,497
NET CURRENT ASSETS 8,024 25,931
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,504

31,095

CREDITORS
Amounts falling due after more than one
year

8

(15,150

)

(25,350

)

PROVISIONS FOR LIABILITIES - (346 )
NET ASSETS 1,354 5,399

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,254 5,299
SHAREHOLDERS' FUNDS 1,354 5,399

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Light Pencil Productions Limited (Registered number: 07979876)

Statement of Financial Position - continued
31 March 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 director and authorised for issue on 21 June 2024 and were signed by:





L Meredith - Director


Light Pencil Productions Limited (Registered number: 07979876)

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


1. STATUTORY INFORMATION

Light Pencil 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 - 15% on reducing balance
Computer equipment - 33% 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

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

Light Pencil Productions Limited (Registered number: 07979876)

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


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 5,566 - 1,472 7,038
Additions 4,016 125 413 4,554
At 31 March 2024 9,582 125 1,885 11,592
DEPRECIATION
At 1 April 2023 402 - 1,472 1,874
Charge for year 1,126 21 91 1,238
At 31 March 2024 1,528 21 1,563 3,112
NET BOOK VALUE
At 31 March 2024 8,054 104 322 8,480
At 31 March 2023 5,164 - - 5,164

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 8,369 4,400

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,200 10,200
Trade creditors 3,402 518
Taxation and social security (147 ) 119
Other creditors - 660
13,455 11,497

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 15,150 25,350

Light Pencil Productions Limited (Registered number: 07979876)

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


9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
L Meredith
Balance outstanding at start of year - -
Amounts advanced 2,817 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,817 -

10. POST BALANCE SHEET EVENTS

The financial statements were authorised for issue by the director on 21 June 2024.

11. ULTIMATE CONTROLLING PARTY

The controlling party is L Meredith.

The ultimate controlling party is L Meredith.