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REGISTERED NUMBER: 07597090 (England and Wales)















INFOCUS DISPLAYS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






INFOCUS DISPLAYS LTD (REGISTERED NUMBER: 07597090)






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


INFOCUS DISPLAYS LTD

COMPANY INFORMATION
for the Year Ended 31 MARCH 2024







DIRECTORS: Mr M B Prior
Mrs P J Prior





REGISTERED OFFICE: College House
St. Leonards Close
Bridgnorth
Shropshire
WV16 4EJ





REGISTERED NUMBER: 07597090 (England and Wales)





ACCOUNTANTS: Wallace Crooke
Chartered Accountants
College House
St. Leonards Close
Bridgnorth
Shropshire
WV16 4EJ

INFOCUS DISPLAYS LTD (REGISTERED NUMBER: 07597090)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,818 10,889

CURRENT ASSETS
Stocks 8,313 6,701
Debtors 5 18,562 28,896
Cash at bank 140 27,821
27,015 63,418
CREDITORS
Amounts falling due within one year 6 30,923 58,485
NET CURRENT (LIABILITIES)/ASSETS (3,908 ) 4,933
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,910

15,822

CREDITORS
Amounts falling due after more than one
year

7

(5,334

)

(9,333

)

PROVISIONS FOR LIABILITIES 9 - (2,010 )
NET ASSETS 576 4,479

CAPITAL AND RESERVES
Called up share capital 10 101 101
Retained earnings 475 4,378
SHAREHOLDERS' FUNDS 576 4,479

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.

INFOCUS DISPLAYS LTD (REGISTERED NUMBER: 07597090)

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 Board of Directors and authorised for issue on 28 October 2024 and were signed on its behalf by:





Mr M B Prior - Director


INFOCUS DISPLAYS LTD (REGISTERED NUMBER: 07597090)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2024

1. STATUTORY INFORMATION

Infocus Displays 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.

The company's financial statements are individual entity financial statements.

The company's financial statements are presented in Sterling and all values are rounded to the nearest pound.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% on cost
Laminating & production equipment - 10% on cost
Office equipment - 0.7% to 5% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

INFOCUS DISPLAYS LTD (REGISTERED NUMBER: 07597090)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Laminating
Computer & production Office
equipment equipment equipment Totals
£    £    £    £   
COST
At 1 April 2023 10,821 19,873 2,220 32,914
Additions 1,167 - 1,415 2,582
Disposals (1,458 ) (820 ) (608 ) (2,886 )
At 31 March 2024 10,530 19,053 3,027 32,610
DEPRECIATION
At 1 April 2023 9,817 10,226 1,982 22,025
Charge for year 861 2,201 434 3,496
Eliminated on disposal (1,458 ) (663 ) (608 ) (2,729 )
At 31 March 2024 9,220 11,764 1,808 22,792
NET BOOK VALUE
At 31 March 2024 1,310 7,289 1,219 9,818
At 31 March 2023 1,004 9,647 238 10,889

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 15,792 26,354
Other debtors 2,770 2,542
18,562 28,896

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 5,280 -
Trade creditors 4,188 14,658
Taxation and social security 4,078 13,135
Other creditors 17,377 30,692
30,923 58,485

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 5,334 9,333

INFOCUS DISPLAYS LTD (REGISTERED NUMBER: 07597090)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 5,280 -

Amounts falling due between two and five years:
Government backed loan >1yr 5,334 9,333

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax - 2,010

Deferred
tax
£   
Balance at 1 April 2023 2,010
Provided during year (2,010 )
Balance at 31 March 2024 -

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
1 B Ordinary £1 1 1
101 101