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REGISTERED NUMBER: 10010358 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

LYRICI ARTS LIMITED

LYRICI ARTS LIMITED (REGISTERED NUMBER: 10010358)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LYRICI ARTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: K Z Augustus
C N Augustus





REGISTERED OFFICE: Lyrici Arts C/O Dragon Coworking
7-8 New Road Avenue
Chatham
Kent
ME4 6BB





REGISTERED NUMBER: 10010358 (England and Wales)





ACCOUNTANTS: AKS Accounting Services Limited
Chartered Certified Accountants
39 St. Annes Road
London Colney
St Albans
Hertfordshire
AL2 1LQ

LYRICI ARTS LIMITED (REGISTERED NUMBER: 10010358)

STATEMENT OF FINANCIAL POSITION
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,170 10,338
Tangible assets 5 462 2,141
5,632 12,479

CURRENT ASSETS
Debtors 6 68,938 5,819
Cash at bank 13,042 64,140
81,980 69,959
CREDITORS
Amounts falling due within one year 7 3,024 59,170
NET CURRENT ASSETS 78,956 10,789
TOTAL ASSETS LESS CURRENT
LIABILITIES

84,588

23,268

RESERVES
Income and expenditure account 84,588 23,268
84,588 23,268

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 surplus or deficit 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.

LYRICI ARTS LIMITED (REGISTERED NUMBER: 10010358)

STATEMENT OF FINANCIAL POSITION - continued
31ST 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 Board of Directors and authorised for issue on 24th September 2024 and were signed on its behalf by:





K Z Augustus - Director


LYRICI ARTS LIMITED (REGISTERED NUMBER: 10010358)

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


1. STATUTORY INFORMATION

Lyrici Arts Limited is a private company, limited by guarantee , 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.

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.

Website Development costs 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.
Plant and machinery - 50% on cost
Fixtures and fittings - 50% on cost
Computer & Equipment - 50% 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 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.

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.

LYRICI ARTS LIMITED (REGISTERED NUMBER: 10010358)

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


3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Website
Development
costs
£   
COST
At 1st April 2023
and 31st March 2024 25,842
AMORTISATION
At 1st April 2023 15,504
Amortisation for year 5,168
At 31st March 2024 20,672
NET BOOK VALUE
At 31st March 2024 5,170
At 31st March 2023 10,338

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings & Equipment Totals
£    £    £    £   
COST
At 1st April 2023 1,792 150 2,682 4,624
Additions - - 925 925
At 31st March 2024 1,792 150 3,607 5,549
DEPRECIATION
At 1st April 2023 992 150 1,341 2,483
Charge for year 800 - 1,804 2,604
At 31st March 2024 1,792 150 3,145 5,087
NET BOOK VALUE
At 31st March 2024 - - 462 462
At 31st March 2023 800 - 1,341 2,141

LYRICI ARTS LIMITED (REGISTERED NUMBER: 10010358)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 68,938 -
Other debtors - 5,819
68,938 5,819

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 624 -
Other creditors 2,400 59,170
3,024 59,170