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REGISTERED NUMBER: 06874281 (England and Wales)














Financial Statements for the Year Ended 30 April 2023

for

LUMI Entertainment Limited

LUMI Entertainment Limited (Registered number: 06874281)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LUMI Entertainment Limited

Company Information
for the Year Ended 30 April 2023







DIRECTOR: Mr M Tammaro





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 06874281 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

LUMI Entertainment Limited (Registered number: 06874281)

Statement of Financial Position
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,856 3,808

CURRENT ASSETS
Stocks 25,012 47,000
Debtors 5 - 1,343
Cash at bank 135 8
25,147 48,351
CREDITORS
Amounts falling due within one year 6 147,796 133,236
NET CURRENT LIABILITIES (122,649 ) (84,885 )
TOTAL ASSETS LESS CURRENT LIABILITIES (119,793 ) (81,077 )

CREDITORS
Amounts falling due after more than one
year

7

(81,598

)

(100,305

)

PROVISIONS FOR LIABILITIES - (1,472 )
NET LIABILITIES (201,391 ) (182,854 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (201,393 ) (182,856 )
SHAREHOLDERS' FUNDS (201,391 ) (182,854 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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.

LUMI Entertainment Limited (Registered number: 06874281)

Statement of Financial Position - continued
30 April 2023


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 25 September 2024 and were signed by:





Mr M Tammaro - Director


LUMI Entertainment Limited (Registered number: 06874281)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

LUMI Entertainment 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.

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.
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Going concern
The financial statements have been prepared on the going concern basis. The director is of the opinion that the shareholders will continue to support it, and provide adequate funding when necessary to enable it to meet its obligations for the foreseeable future, being for a period of at least twelve months from the date of approval of the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

LUMI Entertainment Limited (Registered number: 06874281)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 May 2022
and 30 April 2023 24,992
DEPRECIATION
At 1 May 2022 21,184
Charge for year 952
At 30 April 2023 22,136
NET BOOK VALUE
At 30 April 2023 2,856
At 30 April 2022 3,808

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors - 1,343

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 1,476 1,439
Trade creditors - 3,037
Taxation and social security 4,772 3,965
Other creditors 141,548 124,795
147,796 133,236

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans 9,682 11,158
Amounts owed to participating interests 21,516 38,747
Other creditors 50,400 50,400
81,598 100,305

8. RELATED PARTY DISCLOSURES

Mr Tammaro is considered to be the key management personnel.