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REGISTERED NUMBER: 10163127 (England and Wales)














Financial Statements for the Year Ended 31 May 2024

for

Lucy Hardcastle Studio Limited

Lucy Hardcastle Studio Limited (Registered number: 10163127)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Lucy Hardcastle Studio Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Ms L Hardcastle





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 10163127 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Lucy Hardcastle Studio Limited (Registered number: 10163127)

Statement of Financial Position
31 May 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 796 1,047

CURRENT ASSETS
Debtors 5 7,071 882
Cash at bank 35 504
7,106 1,386
CREDITORS
Amounts falling due within one year 6 (7,733 ) (1,407 )
NET CURRENT LIABILITIES (627 ) (21 )
TOTAL ASSETS LESS CURRENT LIABILITIES 169 1,026

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 168 1,025
SHAREHOLDERS' FUNDS 169 1,026

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Lucy Hardcastle Studio Limited (Registered number: 10163127)

Statement of Financial Position - continued
31 May 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 director and authorised for issue on 6 January 2025 and were signed by:





Ms L Hardcastle - Director


Lucy Hardcastle Studio Limited (Registered number: 10163127)

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

1. STATUTORY INFORMATION

Lucy Hardcastle Studio 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
Revenue 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.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Going concern
The financial statements have been prepared on the going concern basis. The director is of the opinion that the shareholders will continue to support it, and provide adequate funding when necessary to enable it to meet its obligations for the foreseeable future, being for a period of at least twelve months from the date of approval of the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Lucy Hardcastle Studio Limited (Registered number: 10163127)

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

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 239 2,562 2,801
DEPRECIATION
At 1 June 2023 130 1,624 1,754
Charge for year 16 235 251
At 31 May 2024 146 1,859 2,005
NET BOOK VALUE
At 31 May 2024 93 703 796
At 31 May 2023 109 938 1,047

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 7,071 240
Other debtors - 642
7,071 882

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Taxation and social security 922 1,193
Other creditors 6,811 214
7,733 1,407

7. RELATED PARTY DISCLOSURES

The Director, Ms Lucy Hardcastle, is considered to be the key management personnel.