IRIS Accounts Production v24.1.9.2 04202797 director 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh042027972023-03-31042027972024-03-31042027972023-04-012024-03-31042027972022-03-31042027972022-04-012023-03-31042027972023-03-3104202797ns15:EnglandWales2023-04-012024-03-3104202797ns14:PoundSterling2023-04-012024-03-3104202797ns10:Director12023-04-012024-03-3104202797ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3104202797ns10:SmallEntities2023-04-012024-03-3104202797ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3104202797ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3104202797ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104202797ns10:FullAccounts2023-04-012024-03-3104202797ns10:OrdinaryShareClass12023-04-012024-03-3104202797ns5:CurrentFinancialInstruments2024-03-3104202797ns5:CurrentFinancialInstruments2023-03-3104202797ns5:ShareCapital2024-03-3104202797ns5:ShareCapital2023-03-3104202797ns5:RetainedEarningsAccumulatedLosses2024-03-3104202797ns5:RetainedEarningsAccumulatedLosses2023-03-3104202797ns10:RegisteredOffice2023-04-012024-03-3104202797ns5:ComputerEquipment2023-04-012024-03-3104202797ns5:FurnitureFittings2023-03-3104202797ns5:ComputerEquipment2023-03-3104202797ns5:FurnitureFittings2023-04-012024-03-3104202797ns5:FurnitureFittings2024-03-3104202797ns5:ComputerEquipment2024-03-3104202797ns5:FurnitureFittings2023-03-3104202797ns5:ComputerEquipment2023-03-3104202797ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3104202797ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3104202797ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 04202797 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

MIKE LEWIS ENTERTAINMENT LIMITED

MIKE LEWIS ENTERTAINMENT LIMITED (REGISTERED NUMBER: 04202797)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Statement of Financial Position 1

Notes to the Financial Statements 3


MIKE LEWIS ENTERTAINMENT LIMITED (REGISTERED NUMBER: 04202797)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,291 8,269
Investments 5 24,123 24,123
38,414 32,392

CURRENT ASSETS
Debtors 6 76,052 85,203
Cash at bank - 1,892
76,052 87,095
CREDITORS
Amounts falling due within one year 7 11,591 7,926
NET CURRENT ASSETS 64,461 79,169
TOTAL ASSETS LESS CURRENT
LIABILITIES

102,875

111,561

PROVISIONS FOR LIABILITIES 3,526 2,011
NET ASSETS 99,349 109,550

CAPITAL AND RESERVES
Called up share capital 9 67,500 67,500
Retained earnings 31,849 42,050
SHAREHOLDERS' FUNDS 99,349 109,550

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.

MIKE LEWIS ENTERTAINMENT LIMITED (REGISTERED NUMBER: 04202797)

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 6 August 2024 and were signed by:





M Lewis - Director


MIKE LEWIS ENTERTAINMENT LIMITED (REGISTERED NUMBER: 04202797)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Mike Lewis Entertainment Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04202797

Registered office: 95A Hackney Road
London
E2 8ET

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.
Computer equipment - 20% on reducing balance

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.

MIKE LEWIS ENTERTAINMENT LIMITED (REGISTERED NUMBER: 04202797)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 2 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 1,257 10,022 11,279
Additions 3,109 6,486 9,595
At 31 March 2024 4,366 16,508 20,874
DEPRECIATION
At 1 April 2023 251 2,759 3,010
Charge for year 823 2,750 3,573
At 31 March 2024 1,074 5,509 6,583
NET BOOK VALUE
At 31 March 2024 3,292 10,999 14,291
At 31 March 2023 1,006 7,263 8,269

5. FIXED ASSET INVESTMENTS
Interest
in other
participating
interests
£   
COST
At 1 April 2023
and 31 March 2024 24,123
NET BOOK VALUE
At 31 March 2024 24,123
At 31 March 2023 24,123

MIKE LEWIS ENTERTAINMENT LIMITED (REGISTERED NUMBER: 04202797)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,028 -
Amounts owed by participating interests 25,877 25,877
Other debtors 47,147 59,326
76,052 85,203

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 166 -
Taxation and social security 5,085 4,820
Other creditors 6,340 3,106
11,591 7,926

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 166 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
67,500 Ordinary £1 67,500 67,500

10. RELATED PARTY DISCLOSURES

Included in the other creditors is the amount of £72 (2023: £72) owed to M Lewis, the director, by the company.

The company paid £3,663 (2023: £16,040) worth of expenses to Lewis Recordings Ltd, a company in which M Lewis is the director.

Included in other debtors is an amount of £40,700 (2023:£40,700) owed by Rap & Soul Ltd, a company in which M Lewis is the director.

The ultimate controlling party is M Lewis.