Registered Number:11128814 |
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2024
LX PR Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
LX PR Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
12,975
7,686
2
12,975
7,686
Trade and other receivables |
165,231
148,882
3
36,129
Cash and cash equivalents |
34,052
182,934
201,360
Trade and other payables: amounts falling due within one |
year |
(141,164)
(225,458)
4
60,196
(42,524)
Net current liabilities
Total assets less current liabilities |
(29,549)
67,882
Trade and other payables: amounts falling due after more |
than one year |
(36,958)
(41,007)
5
-
(1,461)
Provisions for liabilities |
(70,556)
Net assets/liabilities
29,463
100
100
(70,656)
29,363
(70,556)
29,463
Shareholders' funds
For the year ended 31 March 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
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 director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 04 February 2025 and were signed by: |
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For the year ended 31 March 2024
LX PR Limited
Statement of Financial Position Continued
The notes form part of these financial statements |
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For the year ended 31 March 2024
LX PR Limited
Notes to the Financial Statements
Statutory Information
LX PR Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number |
11128814. |
Studio 110 Metal Box Factory
30 Great Guildford Street
London
United Kingdom
SE1 0HS
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of fees received, net of VAT.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer Equipment
Furniture and Fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Going Concern
At 31 March 2024, the company had net current liabilities of £42,525 and current liabilities of £70,556. The directors |
have considered the availability of working capital at 31 March 2024 together with the continued support from the |
company's shareholders and is of the opinion that this will be sufficient to enable the company to continue operating |
for at least the 12 months from the date of signing these accounts, and pay its debts as they fall due. The directors |
have therefore concluded that the accounts should be prepared on a going concern basis. |
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For the year ended 31 March 2024
LX PR Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
17,730
12,647
5,083
10,131
6,932
3,199
8,282
19,579
27,861
Provision for depreciation and impairment |
10,044
8,361
1,683
Charge for year
4,842
3,165
1,677
14,886
11,526
3,360
4,922
8,053
12,975
3,400
4,286
7,686
3. Trade and other receivables |
2023
2024
102,016
128,639
46,866
36,592
165,231
148,882
4. Trade and other payables: amounts falling due within one year |
2023
2024
29,164
5,000
39,094
44,980
Taxation and social security |
69,982
51,592
87,218
39,592
225,458
141,164
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For the year ended 31 March 2024
LX PR Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due after more than one year |
2023
2024
41,007
36,958
Analysis of creditors falling due after more than five years: |
6,721
11,958
6. Guarantees and other financial commitments |
At 31 March 2024 the company had annual commitments under non-cancellable operating leases as set out below: |
2023
2024
Operating leases which expire: |
73,585
7,804
3,667
18,302
91,886
11,472
7. Average number of persons employed |
During the year the average number of employees was 14 (2023 : 12)
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