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REGISTERED NUMBER: 10001038 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

ILLUMINATE AUDIO VISUAL EFFECTS LIMITED

ILLUMINATE AUDIO VISUAL EFFECTS LIMITED (REGISTERED NUMBER: 10001038)






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


ILLUMINATE AUDIO VISUAL EFFECTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: C L Phillips





REGISTERED OFFICE: 37, High Street
Broseley
Shropshire
TF12 5EZ





REGISTERED NUMBER: 10001038 (England and Wales)





ACCOUNTANTS: Astbury Accountants Limited
12 Northgate
Bridgnorth
Shropshire
WV16 4ER

ILLUMINATE AUDIO VISUAL EFFECTS LIMITED (REGISTERED NUMBER: 10001038)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 116,427 138,132
116,427 138,132

CURRENT ASSETS
Debtors 6 63,979 40,700
Prepayments and accrued income 1,245 550
Cash at bank 8,269 11,410
73,493 52,660
CREDITORS
Amounts falling due within one year 7 113,913 96,524
NET CURRENT LIABILITIES (40,420 ) (43,864 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,007

94,268

CREDITORS
Amounts falling due after more than one
year

8

(13,201

)

(17,286

)

PROVISIONS FOR LIABILITIES (20,922 ) (25,710 )
NET ASSETS 41,884 51,272

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 41,784 51,172
SHAREHOLDERS' FUNDS 41,884 51,272

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.

ILLUMINATE AUDIO VISUAL EFFECTS LIMITED (REGISTERED NUMBER: 10001038)

BALANCE SHEET - 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 15 October 2024 and were signed by:





C L Phillips - Director


ILLUMINATE AUDIO VISUAL EFFECTS LIMITED (REGISTERED NUMBER: 10001038)

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

1. STATUTORY INFORMATION

Illuminate Audio Visual Effects 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.

A 20% deposit is paid upon booking of events which relates to the initial meeting and planning of the event and is non refundable, this income is recognised upon receipt as that element of the service has been supplied. The remainder of turnover is recognised in the accounting period in which the services are rendered when the outcome of the contract can be estimated reliably.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Contracts, books & intellectual property rights are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 5% on cost
Plant and machinery etc - 33% on cost, 25% on reducing balance and 20% on cost

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.


ILLUMINATE AUDIO VISUAL EFFECTS LIMITED (REGISTERED NUMBER: 10001038)

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.

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.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are stated at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 14,498 4 14,502
AMORTISATION
At 1 April 2023
and 31 March 2024 14,498 4 14,502
NET BOOK VALUE
At 31 March 2024 - - -
At 31 March 2023 - - -

ILLUMINATE AUDIO VISUAL EFFECTS LIMITED (REGISTERED NUMBER: 10001038)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 2,531 281,389 283,920
Additions 4,356 20,659 25,015
Disposals - (23,693 ) (23,693 )
At 31 March 2024 6,887 278,355 285,242
DEPRECIATION
At 1 April 2023 889 144,899 145,788
Charge for year 345 36,871 37,216
Eliminated on disposal - (14,189 ) (14,189 )
At 31 March 2024 1,234 167,581 168,815
NET BOOK VALUE
At 31 March 2024 5,653 110,774 116,427
At 31 March 2023 1,642 136,490 138,132

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 63,979 40,700

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,895 3,895
Trade creditors 9,310 2,501
Taxation and social security 34,064 7,414
Other creditors 66,644 82,714
113,913 96,524

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,201 17,286

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100