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REGISTERED NUMBER: 05023324 (England and Wales)











Financial Statements

for the Year Ended 31 March 2024

for

ILLUSION DESIGN LIMITED

ILLUSION DESIGN LIMITED (REGISTERED NUMBER: 05023324)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ILLUSION DESIGN LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr G Feast





SECRETARY: Mrs E S Feast





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 05023324 (England and Wales)





ACCOUNTANTS: Conroy & Lermer
Chartered Accountants
42 Lytton Road
BARNET
EN5 5BY

ILLUSION DESIGN LIMITED (REGISTERED NUMBER: 05023324)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,050 54,099

CURRENT ASSETS
Debtors 5 40,839 212
Cash at bank 36,672 28,946
77,511 29,158
CREDITORS
Amounts falling due within one year 6 36,692 19,760
NET CURRENT ASSETS 40,819 9,398
TOTAL ASSETS LESS CURRENT
LIABILITIES

85,869

63,497

CREDITORS
Amounts falling due after more than one year 7 (24,910 ) (32,340 )

PROVISIONS FOR LIABILITIES (4,902 ) (6,099 )
NET ASSETS 56,057 25,058

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 55,957 24,958
SHAREHOLDERS' FUNDS 56,057 25,058

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.

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 8 November 2024 and were signed by:



Mr G Feast - Director


ILLUSION DESIGN LIMITED (REGISTERED NUMBER: 05023324)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Illusion Design 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.

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 represents net invoiced sales of services, excluding 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.
Plant and machinery - 25% on cost
Computer equipment - 25% on cost

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

ILLUSION DESIGN LIMITED (REGISTERED NUMBER: 05023324)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 27,500 39,037 66,537
Additions - 471 471
At 31 March 2024 27,500 39,508 67,008
DEPRECIATION
At 1 April 2023 5,500 6,938 12,438
Charge for year 2,750 6,770 9,520
At 31 March 2024 8,250 13,708 21,958
NET BOOK VALUE
At 31 March 2024 19,250 25,800 45,050
At 31 March 2023 22,000 32,099 54,099

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 8,832 -
Directors' current accounts 31,766 -
Prepayments and accrued income 241 212
40,839 212

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 4,440 4,440
Hire purchase contracts 4,139 4,139
Tax 23,478 6,601
VAT 4,531 2,630
Directors' current accounts - 1,950
Accrued expenses 104 -
36,692 19,760

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 4,440 4,440
Bank loans - 2-5 years 1,855 5,983
Hire purchase contracts 18,615 21,917
24,910 32,340

ILLUSION DESIGN LIMITED (REGISTERED NUMBER: 05023324)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
98 Ordinary A £1 98 98
1 Ordinary B £1 1 1
1 Ordinary C £1 1 1
100 100

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mr G Feast
Balance outstanding at start of year - -
Amounts advanced 82,981 -
Amounts repaid (51,215 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 31,766 -

As at the balance sheet date, included in debtors due within one year is £31,766 (2023: £1,950 in credit), due and payable by the director. Interest of £726 was charged at 2.25% during the year and the overdrawn amount has been fully repaid within nine months from the balance sheet date.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr G Feast.