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REGISTERED NUMBER: 06058894 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

LIGHT FANTASTIC PRODUCTION SERVICES
LTD

LIGHT FANTASTIC PRODUCTION SERVICES
LTD (REGISTERED NUMBER: 06058894)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LIGHT FANTASTIC PRODUCTION SERVICES
LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr R Myer
Mr A Vere





REGISTERED OFFICE: 6 Elstree Way
Borehamwood
WD6 1RN





REGISTERED NUMBER: 06058894 (England and Wales)

LIGHT FANTASTIC PRODUCTION SERVICES
LTD (REGISTERED NUMBER: 06058894)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 933,853 933,126

CURRENT ASSETS
Debtors 5 408,606 477,010
Cash at bank 338,147 399,868
746,753 876,878
CREDITORS
Amounts falling due within one year 6 845,174 610,876
NET CURRENT (LIABILITIES)/ASSETS (98,421 ) 266,002
TOTAL ASSETS LESS CURRENT
LIABILITIES

835,432

1,199,128

CREDITORS
Amounts falling due after more than
one year

7

(233,656

)

(324,644

)

PROVISIONS FOR LIABILITIES 9 (208,316 ) (154,049 )
NET ASSETS 393,460 720,435

LIGHT FANTASTIC PRODUCTION SERVICES
LTD (REGISTERED NUMBER: 06058894)

BALANCE SHEET - continued
31 MARCH 2024

31.3.24 31.3.23
Notes £ £ £ £
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 392,460 719,435
SHAREHOLDERS' FUNDS 393,460 720,435

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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:





Mr R Myer - Director


LIGHT FANTASTIC PRODUCTION SERVICES
LTD (REGISTERED NUMBER: 06058894)

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

1. STATUTORY INFORMATION

Light Fantastic Production Services Ltd 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 represents amounts receivable for lighting and events production, net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tools and equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance
Improvements to leasehold - over the life of the lease

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 balance sheet date.


LIGHT FANTASTIC PRODUCTION SERVICES
LTD (REGISTERED NUMBER: 06058894)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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 38 (2023 - 37 ) .

4. TANGIBLE FIXED ASSETS
Improvements Tools and Motor Computer
to property equipment vehicles equipment Totals
£ £ £ £ £
COST
At 1 April 2023 88,865 2,357,383 61,993 142,178 2,650,419
Additions - 173,080 - 15,172 188,252
At 31 March 2024 88,865 2,530,463 61,993 157,350 2,838,671
DEPRECIATION
At 1 April 2023 57,046 1,555,987 19,818 84,442 1,717,293
Charge for year 8,888 153,152 10,543 14,942 187,525
At 31 March 2024 65,934 1,709,139 30,361 99,384 1,904,818
NET BOOK VALUE
At 31 March 2024 22,931 821,324 31,632 57,966 933,853
At 31 March 2023 31,819 801,396 42,175 57,736 933,126

LIGHT FANTASTIC PRODUCTION SERVICES
LTD (REGISTERED NUMBER: 06058894)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.3.24 31.3.23
£ £
Trade debtors 284,370 243,007
Amounts owed by group undertakings - 212,770
Other debtors 23,125 20,000
Prepayments and accrued income 101,111 1,233
408,606 477,010

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Bank loans 91,104 87,425
Hire purchase contracts (see note 8) 77,766 74,471
Trade creditors 206,662 279,915
Corporation tax 44,689 2,470
Social security and other taxes 40,875 40,256
Value added tax 121,235 115,800
Other creditors 187,130 7,294
Director's current account 1,242 1,245
Accruals and deferred income 74,471 2,000
845,174 610,876

The bank loans are secured by legal charges over the assets of the company.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.3.24 31.3.23
£ £
Bank loans due in more than
one year 152,368 243,473
Hire purchase contracts (see note 8) 81,288 81,171
233,656 324,644

LIGHT FANTASTIC PRODUCTION SERVICES
LTD (REGISTERED NUMBER: 06058894)

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

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.24 31.3.23
£ £
Net obligations repayable:
Within one year 77,766 74,471
Between one and five years 81,288 81,171
159,054 155,642

Non-cancellable
operating leases
31.3.24 31.3.23
£ £
Within one year 110,310 112,315
Between one and five years 46,250 148,697
156,560 261,012

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£ £
Deferred tax 208,316 154,049

Deferred tax
£
Balance at 1 April 2023 154,049
Provided during year 54,267
Balance at 31 March 2024 208,316