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REGISTERED NUMBER: 09808009 (England and Wales)















LIGHTSHIP 95 STUDIO LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






LIGHTSHIP 95 STUDIO LTD (REGISTERED NUMBER: 09808009)






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


LIGHTSHIP 95 STUDIO LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: G Barrett
D W Holmes





REGISTERED OFFICE: Lightship 95
Trinity Buoy Wharf
64 Orchard Place
London
E14 0JW





REGISTERED NUMBER: 09808009 (England and Wales)





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

LIGHTSHIP 95 STUDIO LTD (REGISTERED NUMBER: 09808009)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 60,827 50,426

CURRENT ASSETS
Debtors 5 15,820 9,520
Cash at bank 6,307 3,867
22,127 13,387
CREDITORS
Amounts falling due within one year 6 (30,776 ) (31,491 )
NET CURRENT LIABILITIES (8,649 ) (18,104 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

52,178

32,322

CREDITORS
Amounts falling due after more than one year 7 (4,422 ) (8,153 )
NET ASSETS 47,756 24,169

CAPITAL AND RESERVES
Called up share capital 104 104
Retained earnings 47,652 24,065
SHAREHOLDERS' FUNDS 47,756 24,169

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.

LIGHTSHIP 95 STUDIO LTD (REGISTERED NUMBER: 09808009)

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 6 September 2024 and were signed on its behalf by:




G Barrett - Director



D W Holmes - Director


LIGHTSHIP 95 STUDIO LTD (REGISTERED NUMBER: 09808009)

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

1. STATUTORY INFORMATION

Lightship 95 Studio 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.

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.
Plant and machinery - 25% on reducing balance
Fixture & Fittings - 2% on cost
Computer equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

LIGHTSHIP 95 STUDIO LTD (REGISTERED NUMBER: 09808009)

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

4. TANGIBLE FIXED ASSETS
Plant and Fixture & Computer
machinery Fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 20,767 40,000 10,008 70,775
Additions 19,210 - - 19,210
At 31 March 2024 39,977 40,000 10,008 89,985
DEPRECIATION
At 1 April 2023 13,845 2,400 4,104 20,349
Charge for year 6,533 800 1,476 8,809
At 31 March 2024 20,378 3,200 5,580 29,158
NET BOOK VALUE
At 31 March 2024 19,599 36,800 4,428 60,827
At 31 March 2023 6,922 37,600 5,904 50,426

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 12,761 9,201
Prepayments 3,059 254
Accrued income - 65
15,820 9,520

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,993 3,993
Trade creditors 1,539 -
Corporation Tax 3,552 763
Sundry creditors 127 125
Directors' current accounts 17,920 17,746
Deferred income 1,145 5,235
Accrued expenses 2,500 3,629
30,776 31,491

LIGHTSHIP 95 STUDIO LTD (REGISTERED NUMBER: 09808009)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 3,993 3,993
Bank loans - 2-5 years 429 4,160
4,422 8,153