Lux Films Ltd 09988291 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is video production Digita Accounts Production Advanced 6.30.9574.0 true true 09988291 2023-03-01 2024-02-29 09988291 2024-02-29 09988291 core:RetainedEarningsAccumulatedLosses 2024-02-29 09988291 core:ShareCapital 2024-02-29 09988291 core:CurrentFinancialInstruments 2024-02-29 09988291 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 09988291 core:OfficeEquipment 2024-02-29 09988291 core:PlantMachinery 2024-02-29 09988291 1 2024-02-29 09988291 bus:SmallEntities 2023-03-01 2024-02-29 09988291 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 09988291 bus:FilletedAccounts 2023-03-01 2024-02-29 09988291 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 09988291 bus:RegisteredOffice 2023-03-01 2024-02-29 09988291 bus:Director1 2023-03-01 2024-02-29 09988291 bus:Director2 2023-03-01 2024-02-29 09988291 bus:Director3 2023-03-01 2024-02-29 09988291 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 09988291 core:OfficeEquipment 2023-03-01 2024-02-29 09988291 core:PlantMachinery 2023-03-01 2024-02-29 09988291 countries:EnglandWales 2023-03-01 2024-02-29 09988291 1 2023-03-01 2024-02-29 09988291 2023-02-28 09988291 core:OfficeEquipment 2023-02-28 09988291 core:PlantMachinery 2023-02-28 09988291 1 2023-02-28 09988291 2022-03-01 2023-02-28 09988291 2023-02-28 09988291 core:RetainedEarningsAccumulatedLosses 2023-02-28 09988291 core:ShareCapital 2023-02-28 09988291 core:CurrentFinancialInstruments 2023-02-28 09988291 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 09988291 core:OfficeEquipment 2023-02-28 09988291 core:PlantMachinery 2023-02-28 iso4217:GBP xbrli:pure

Registration number: 09988291

Lux Films Ltd

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

Lux Films Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Lux Films Ltd

Company Information

Directors

A J Fowler

G Lowndes

M A Woodhead

Registered office

The Old Church School
Butts Hill
Frome
Somerset
BA11 1HR

Accountants

Burton Sweet Limited
Chartered Accountants and Business Advisers
Cooper House
Lower Charlton Estate
Shepton Mallet
Somerset
BA4 5QE

 

Lux Films Ltd

(Registration number: 09988291)
Balance Sheet
29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

43,800

48,998

Current assets

 

Debtors

5

299,778

68,712

Cash at bank and in hand

 

585,006

920,704

 

884,784

989,416

Creditors: Amounts falling due within one year

6

(90,141)

(138,276)

Net current assets

 

794,643

851,140

Net assets

 

838,443

900,138

Capital and reserves

 

Called up share capital

3

3

Retained earnings

838,440

900,135

Shareholders' funds

 

838,443

900,138

 

Lux Films Ltd

(Registration number: 09988291)
Balance Sheet
29 February 2024

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 November 2024 and signed on its behalf by:
 

.........................................
G Lowndes
Director

.........................................
M A Woodhead
Director

 

Lux Films Ltd

Notes to the Unaudited Financial Statements
Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Old Church School
Butts Hill
Frome
Somerset
BA11 1HR
United Kingdom

These financial statements were authorised for issue by the Board on 26 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

 

Lux Films Ltd

Notes to the Unaudited Financial Statements
Year Ended 29 February 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% per annum straight line

Office equipment

25% per annum straghit line

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

 

Lux Films Ltd

Notes to the Unaudited Financial Statements
Year Ended 29 February 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 5).

4

Tangible assets

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 March 2023

73,734

58,535

132,269

Additions

5,521

16,744

22,265

At 29 February 2024

79,255

75,279

154,534

Depreciation

At 1 March 2023

41,061

42,210

83,271

Charge for the year

17,704

9,759

27,463

At 29 February 2024

58,765

51,969

110,734

Carrying amount

At 29 February 2024

20,490

23,310

43,800

At 28 February 2023

32,673

16,325

48,998

 

Lux Films Ltd

Notes to the Unaudited Financial Statements
Year Ended 29 February 2024

5

Debtors

2024
£

2023
£

Trade debtors

220,703

4,676

Other debtors

76,762

53,765

Prepayments

2,313

10,271

299,778

68,712

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

1,754

5,672

Taxation and social security

86,938

129,536

Accruals and deferred income

1,200

1,100

Other creditors

249

1,968

90,141

138,276

 

Lux Films Ltd

Notes to the Unaudited Financial Statements
Year Ended 29 February 2024

7

Related party transactions

Transactions with directors

2024

At 1 March 2023
£

Advances to director
£

At 29 February 2024
£

Due from director to the company

53,751

4,855

58,606

53,751

4,855

58,606