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REGISTERED NUMBER: 02774709 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2023

for

THE LONDON DISPLAY COMPANY LIMITED

THE LONDON DISPLAY COMPANY LIMITED (REGISTERED NUMBER: 02774709)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE LONDON DISPLAY COMPANY LIMITED

Company Information
for the year ended 31 December 2023







Directors: Mr P D Green
Mr A R Walsh





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 02774709 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

THE LONDON DISPLAY COMPANY LIMITED (REGISTERED NUMBER: 02774709)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 7,725 6,724

Current assets
Debtors 5 206,911 61,867
Cash at bank and in hand 388,625 429,915
595,536 491,782
Creditors
Amounts falling due within one year 6 405,277 216,139
Net current assets 190,259 275,643
Total assets less current liabilities 197,984 282,367

Creditors
Amounts falling due after more than one
year

7

-

(60,000

)

Provisions for liabilities 9 (1,931 ) (1,279 )
Net assets 196,053 221,088

Capital and reserves
Called up share capital 10 100 100
Retained earnings 195,953 220,988
Shareholders' funds 196,053 221,088

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2024 and were signed on its behalf by:



Mr P D Green - Director


THE LONDON DISPLAY COMPANY LIMITED (REGISTERED NUMBER: 02774709)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

The London Display Company 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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

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 7 (2022 - 4 ) .

THE LONDON DISPLAY COMPANY LIMITED (REGISTERED NUMBER: 02774709)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


4. Tangible fixed assets
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 January 2023 9,112 1,911 6,150 46,288 63,461
Additions - - 3,450 2,527 5,977
Disposals (9,112 ) (1,510 ) (6,150 ) (42,837 ) (59,609 )
At 31 December 2023 - 401 3,450 5,978 9,829
Depreciation
At 1 January 2023 8,889 1,262 6,150 40,436 56,737
Charge for year - 83 144 1,390 1,617
Eliminated on disposal (8,889 ) (1,194 ) (6,150 ) (40,017 ) (56,250 )
At 31 December 2023 - 151 144 1,809 2,104
Net book value
At 31 December 2023 - 250 3,306 4,169 7,725
At 31 December 2022 223 649 - 5,852 6,724

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 94,887 23,179
Other debtors 112,024 38,688
206,911 61,867

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts - 20,000
Trade creditors 25,408 31,713
Taxation and social security 55,768 26,779
Other creditors 324,101 137,647
405,277 216,139

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans - 60,000

8. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 29,880 23,400

THE LONDON DISPLAY COMPANY LIMITED (REGISTERED NUMBER: 02774709)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


9. Provisions for liabilities
2023 2022
£    £   
Deferred tax 1,931 1,279

Deferred
tax
£   
Balance at 1 January 2023 1,279
Provided during year 652
Balance at 31 December 2023 1,931

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
90 A shares £1 90 90
10 B shares £1 10 10
100 100

11. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr P D Green
Balance outstanding at start of year 11,992 (7,439 )
Amounts advanced 85,893 43,751
Amounts repaid (20,719 ) (24,320 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 77,166 11,992

Mr A R Walsh
Balance outstanding at start of year (15,979 ) (442 )
Amounts advanced 43,303 31,463
Amounts repaid (26,350 ) (47,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 974 (15,979 )

12. Ultimate controlling party

The immediate and ultimate parent company is The London Display Holdings Ltd, a company registered in England & Wales.