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REGISTERED NUMBER: 07688822 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Illusion Design and Construct Limited

Illusion Design and Construct Limited (Registered number: 07688822)






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


Illusion Design and Construct Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R J Evans
D J Hughes





REGISTERED OFFICE: Unit C3 Speldhurst Business Park
Langton Road
Speldhurst
Tunbridge Wells
Kent
TN3 0AQ





REGISTERED NUMBER: 07688822 (England and Wales)





ACCOUNTANTS: AJB Strategies Limited
C3 Speldhurst Business Park
Langton Road
Speldhurst
Tunbridge Wells
Kent
TN3 OAQ

Illusion Design and Construct Limited (Registered number: 07688822)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 485,808 503,373

CURRENT ASSETS
Stocks 82,065 50,674
Debtors 5 1,321,543 2,466,313
Cash at bank and in hand 526,689 134,622
1,930,297 2,651,609
CREDITORS
Amounts falling due within one year 6 757,971 1,084,094
NET CURRENT ASSETS 1,172,326 1,567,515
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,658,134

2,070,888

CREDITORS
Amounts falling due after more than one
year

7

309,535

400,274
NET ASSETS 1,348,599 1,670,614

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 1,348,595 1,670,610
SHAREHOLDERS' FUNDS 1,348,599 1,670,614

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.

Illusion Design and Construct Limited (Registered number: 07688822)

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 23 December 2024 and were signed on its behalf by:




R J Evans - Director



D J Hughes - Director


Illusion Design and Construct Limited (Registered number: 07688822)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Illusion Design and Construct Limited 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 etc - 25% on cost and 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 49 (2023 - 42 ) .

Illusion Design and Construct Limited (Registered number: 07688822)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 919,273
Additions 136,064
Disposals (27,995 )
At 31 March 2024 1,027,342
DEPRECIATION
At 1 April 2023 415,900
Charge for year 146,986
Eliminated on disposal (21,352 )
At 31 March 2024 541,534
NET BOOK VALUE
At 31 March 2024 485,808
At 31 March 2023 503,373

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 741,869 781,079
Other debtors 579,674 1,685,234
1,321,543 2,466,313

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 5,395 -
Trade creditors 581,967 615,591
Taxation and social security 117,967 379,716
Other creditors 52,642 88,787
757,971 1,084,094

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 8) 135,000 195,000
Hire purchase contracts 19,330 -
Other creditors 155,205 205,274
309,535 400,274

Illusion Design and Construct Limited (Registered number: 07688822)

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:

31.3.24 31.3.23
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 120,000 120,000
Other loans - 1-2 years 50,068 100,137
170,068 220,137

Amounts falling due between two and five years:
Bank loans - 2-5 years 15,000 75,000
Other loans - 2-5 years 105,137 105,137
120,137 180,137

The bank loan relates to a Coronavirus Business Interuption Loan. It is repayable over 5 years commencing in June 2021.A Charge relating to this loan was created on 25th November 2022.

9. RELATED PARTY DISCLOSURES

Included in other debtors is the sum of £186,918 (2022 £158,918 ) which is owed from Illusion Property Limited, a company controlled by the directors.