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REGISTERED NUMBER: 03067281 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MAY 2024

FOR

LAMBENT PRODUCTIONS LTD

LAMBENT PRODUCTIONS LTD (REGISTERED NUMBER: 03067281)

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


LAMBENT PRODUCTIONS LTD (REGISTERED NUMBER: 03067281)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 - 7,019

CURRENT ASSETS
Debtors 6 5,084 52,255
Cash at bank 6,032 46,292
11,116 98,547
CREDITORS
Amounts falling due within one year 7 19,331 52,155
NET CURRENT (LIABILITIES)/ASSETS (8,215 ) 46,392
TOTAL ASSETS LESS CURRENT
LIABILITIES

(8,215

)

53,411

CREDITORS
Amounts falling due after more than
one year

8

(20,000

)

(25,833

)

PROVISIONS FOR LIABILITIES 9 - (1,334 )
NET (LIABILITIES)/ASSETS (28,215 ) 26,244

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (28,315 ) 26,144
SHAREHOLDERS' FUNDS (28,215 ) 26,244

LAMBENT PRODUCTIONS LTD (REGISTERED NUMBER: 03067281)

BALANCE SHEET - continued
31 MAY 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 November 2024 and were signed on its behalf by:




Ms E J Wakefield - Director



Mr O C G Tait - Director


LAMBENT PRODUCTIONS LTD (REGISTERED NUMBER: 03067281)

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


1. STATUTORY INFORMATION

Lambent Productions Ltd 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: 03067281

Registered office: 48 St Leonards Road
Bexhill on Sea
East Sussex
TN40 1JB

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on a going concern basis notwithstanding the net liability currently shown on the balance sheet. The directors have confirmed their intention to support the company for at least the next 12 months.

Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax, adjusted for deferred and accrued income where productions are in progress at the year end.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Camera equipment - 15% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on cost

All fixed assets are initially recorded at cost.


LAMBENT PRODUCTIONS LTD (REGISTERED NUMBER: 03067281)

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


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 4 ) .

LAMBENT PRODUCTIONS LTD (REGISTERED NUMBER: 03067281)

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


5. TANGIBLE FIXED ASSETS
Fixtures
Camera and Computer
equipment fittings equipment Totals
£    £    £    £   
COST
At 1 June 2023 97,148 22,676 170,012 289,836
Disposals (97,148 ) (22,676 ) (165,749 ) (285,573 )
At 31 May 2024 - - 4,263 4,263
DEPRECIATION
At 1 June 2023 97,042 15,886 169,889 282,817
Eliminated on disposal (97,042 ) (15,886 ) (165,626 ) (278,554 )
At 31 May 2024 - - 4,263 4,263
NET BOOK VALUE
At 31 May 2024 - - - -
At 31 May 2023 106 6,790 123 7,019

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 47,307
Corporation tax recoverable 1,030 -
Deferred tax asset 14 -
Prepayments and accrued income 4,040 4,948
5,084 52,255

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 208 2,151
Corporation tax 7,401 21,401
PAYE and social security (1,024 ) (901 )
VAT 74 9,452
Other creditors 18 258
Directors' current accounts 552 4,802
Accruals and deferred income 2,102 4,992
19,331 52,155

LAMBENT PRODUCTIONS LTD (REGISTERED NUMBER: 03067281)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 10,000 15,833
20,000 25,833

9. PROVISIONS FOR LIABILITIES
2023
£   
Deferred tax
Accelerated capital allowances 1,334

Deferred
tax
£   
Balance at 1 June 2023 1,334
Provided during year (1,348 )
Balance at 31 May 2024 (14 )

10. CALLED UP SHARE CAPITAL

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