Lens 360 Limited 10350261 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is television programme production activities Digita Accounts Production Advanced 6.30.9574.0 true true 10350261 2023-03-01 2024-02-29 10350261 2024-02-29 10350261 bus:OrdinaryShareClass1 bus:CumulativeShares 2024-02-29 10350261 core:CurrentFinancialInstruments 2024-02-29 10350261 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 10350261 bus:SmallEntities 2023-03-01 2024-02-29 10350261 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 10350261 bus:FilletedAccounts 2023-03-01 2024-02-29 10350261 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 10350261 bus:RegisteredOffice 2023-03-01 2024-02-29 10350261 bus:Director1 2023-03-01 2024-02-29 10350261 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-03-01 2024-02-29 10350261 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 10350261 countries:EnglandWales 2023-03-01 2024-02-29 10350261 2022-03-01 2023-02-28 10350261 2023-02-28 10350261 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-02-28 10350261 core:CurrentFinancialInstruments 2023-02-28 10350261 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 10350261 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10350261

Lens 360 Limited

REPORT OF THE DIRECTORS and Unaudited Financial Statements

for the Year Ended 29 February 2024

 

Lens 360 Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Lens 360 Limited

Company Information

Director

Mrs Carys Owens

Registered office

c/o Wynne & Co
Forestry House
Brewery Road
Carmarthen
Carmarthenshire
SA31 1TF
 

Accountants

Wynne & Co
Chartered Accountants
Forestry House
Brewery Road
Carmarthen
Carmarthenshire
SA31 1TF

 

Lens 360 Limited

(Registration number: 10350261)
Balance Sheet as at 29 February 2024

Note

29 February
2024
£

28 February
2023
£

Current assets

 

Debtors

4

218,333

239,413

Cash at bank and in hand

 

22,953

4,277

 

241,286

243,690

Creditors: Amounts falling due within one year

5

(2,708)

(2,016)

Net assets

 

238,578

241,674

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

238,478

241,574

Shareholders' funds

 

238,578

241,674

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.

Director's 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 director acknowledges her 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 September 2024
 

 

Lens 360 Limited

(Registration number: 10350261)
Balance Sheet as at 29 February 2024

.........................................
Mrs Carys Owens
Director

 

Lens 360 Limited

Notes to the Unaudited Financial Statements
for the 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:
c/o Wynne & Co
Forestry House
Brewery Road
Carmarthen
Carmarthenshire
SA31 1TF
Wales

These financial statements were authorised for issue by the director on 30 September 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.

 

Lens 360 Limited

Notes to the Unaudited Financial Statements
for the Year Ended 29 February 2024

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 sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Lens 360 Limited

Notes to the Unaudited Financial Statements
for the Year Ended 29 February 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Debtors

Current

Note

29 February
2024
£

28 February
2023
£

Amounts owed by related parties

215,163

213,456

Other debtors

 

3,170

25,957

   

218,333

239,413

5

Creditors

Creditors: amounts falling due within one year

29 February
2024
£

28 February
2023
£

Due within one year

Trade creditors

174

-

Accruals and deferred income

1,164

2,016

Other creditors

1,370

-

2,708

2,016

 

Lens 360 Limited

Notes to the Unaudited Financial Statements
for the Year Ended 29 February 2024

6

Share capital

Allotted, called up and fully paid shares

29 February
2024

28 February
2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       
 

Lens 360 Limited

Notes to the Unaudited Financial Statements
for the Year Ended 29 February 2024

7

Dividends

Interim dividends paid

29 February
2024
£

28 February
2023
£

Interim dividend of £10.00 (2023 - £20.00) per each Ordinary

1,000

2,000