Company registration number 04184614 (England and Wales)
Lightsong Media Group Ltd
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 December 2023
PAGES FOR FILING WITH REGISTRAR
Lightsong Media Group Ltd
Contents
Page
Statement of financial position
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 6
Lightsong Media Group Ltd
Statement of financial position
as at 31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
3
631,891
624,908
Tangible assets
4
-
0
141
Current assets
Debtors
97,625
232,937
Cash at bank and in hand
138,868
76,354
236,493
309,291
Creditors: amounts falling due within one year
(185,327)
(105,997)
Net current assets
51,166
203,294
Total assets less current liabilities
683,057
828,343
Creditors: amounts falling due after more than one year
(296,088)
(313,412)
Net assets
386,969
514,931
Capital and reserves
Called up share capital
5
1,950,391
1,950,391
Share premium account
211,278
211,278
Profit and loss reserves
(1,774,700)
(1,646,738)
Total equity
386,969
514,931
Lightsong Media Group Ltd
Statement of financial position (continued)
as at 31 December 2023
- 2 -

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 18 September 2024 and are signed on its behalf by:
T  Kashif
Director
Company Registration No. 04184614
Lightsong Media Group Ltd
Statement Of Changes In Equity
for the year ended 31 December 2023
- 3 -
Share capital
Share premium account
Profit and loss reserves
Total
£
£
£
£
Balance at 1 January 2022
1,950,391
211,278
(1,440,287)
721,382
Year ended 31 December 2022:
Loss and total comprehensive income
-
-
(206,451)
(206,451)
Balance at 31 December 2022
1,950,391
211,278
(1,646,738)
514,931
Year ended 31 December 2023:
Loss and total comprehensive income
-
-
(127,962)
(127,962)
Balance at 31 December 2023
1,950,391
211,278
(1,774,700)
386,969
Lightsong Media Group Ltd
Notes to the Financial Statements
for the year ended 31 December 2023
- 4 -
1
Accounting policies
Company information

Lightsong Media Group Ltd is a private company limited by shares incorporated in England and Wales. The registered office is C/O Harrison Clark Rickerbys, 62 Cornhill, London, United Kingdom, EC3V 3NH.

Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover

Turnover represents the amounts invoiced during the year excluding VAT and is recognised on date of invoice.

Intangible fixed assets other than goodwill

Production costs are initially recognised at cost and subsequently measured at cost less accumulated amortisation.

Amortisation is recognised so as to write off the cost in line with the expected future revenues to which they relate on the following bases:

Production Costs
13 years straight line

During the year to 31 December 2023, the company changed the method of amortising its Music Albums from 7 years on a straight line basis to 13 years on a straight-line basis as this revised method better reflects the product life of Music albums and is consistent with the entity’s replacement cycle.

Tangible fixed assets

Tangible fixed assets are measured at cost, net of depreciation.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
20% straight line
Computer equipment
25% straight line
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

Lightsong Media Group Ltd
Notes to the Financial Statements (continued)
for the year ended 31 December 2023
(continued)
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
6
6
3
Intangible fixed assets
Production Costs
£
Cost
At 1 January 2023
1,242,777
Additions
111,129
At 31 December 2023
1,353,906
Amortisation and impairment
At 1 January 2023
617,868
Amortisation charged for the year
104,147
At 31 December 2023
722,015
Carrying amount
At 31 December 2023
631,891
At 31 December 2022
624,908
4
Tangible fixed assets
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
Cost
At 1 January 2023 and 31 December 2023
13,454
81,030
94,484
Depreciation and impairment
At 1 January 2023
13,454
80,889
94,343
Depreciation charged in the year
-
0
141
141
At 31 December 2023
13,454
81,030
94,484
Carrying amount
At 31 December 2023
-
0
-
0
-
0
At 31 December 2022
-
0
141
141
Lightsong Media Group Ltd
Notes to the Financial Statements (continued)
for the year ended 31 December 2023
- 6 -
5
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Deferred share of £1 each
662,321
662,321
662,321
662,321
A Ordinary share of £1 each
1,287,994
1,287,994
1,287,994
1,287,994
B Ordinary share of 0.01p each
760,900
760,900
76
76
2,711,215
2,711,215
1,950,391
1,950,391
6
Company information

Lightsong Media Group Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Metic House, Ripley Drive, Normanton, West Yorkshire, WF6 1QT.

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