Company Registration No. 09987188 (England and Wales)
Universal Light and Magic Limited
Unaudited accounts
for the year ended 29 February 2024
Universal Light and Magic Limited
Unaudited accounts
Contents
Universal Light and Magic Limited
Company Information
for the year ended 29 February 2024
Company Number
09987188 (England and Wales)
Registered Office
Building 6
30 Friern park
London
N12 9DA
Universal Light and Magic Limited
Statement of financial position
as at 29 February 2024
Tangible assets
142,665
151,697
Cash at bank and in hand
37,678
67,629
Creditors: amounts falling due within one year
(66,445)
(84,630)
Net current assets
40,362
49,276
Total assets less current liabilities
257,944
275,890
Provisions for liabilities
Deferred tax
(27,106)
(37,924)
Net assets
230,838
237,966
Called up share capital
1
1
Profit and loss account
230,837
237,965
Shareholders' funds
230,838
237,966
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 February 2025 and were signed on its behalf by
Mr Ian Murray
Director
Company Registration No. 09987188
Universal Light and Magic Limited
Notes to the Accounts
for the year ended 29 February 2024
Universal Light and Magic Limited is a private company, limited by shares, registered in England and Wales, registration number 09987188. The registered office is Building 6, 30 Friern park, London, N12 9DA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight line
Motor vehicles
25% Straight line
Fixtures & fittings
25% Straight line
Computer equipment
25% Straight line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2023
198,020
78,905
171,468
3,476
451,869
Additions
64,322
-
1,000
-
65,322
At 29 February 2024
262,342
78,905
172,468
3,476
517,191
At 1 March 2023
78,686
78,904
140,330
2,252
300,172
Charge for the year
65,586
-
7,898
870
74,354
At 29 February 2024
144,272
78,904
148,228
3,122
374,526
At 29 February 2024
118,070
1
24,240
354
142,665
At 28 February 2023
119,334
1
31,138
1,224
151,697
Universal Light and Magic Limited
Notes to the Accounts
for the year ended 29 February 2024
5
Investments
Other investments
Valuation at 1 March 2023
74,917
Valuation at 29 February 2024
74,917
Amounts falling due within one year
Trade debtors
16,000
13,148
Amounts due from group undertakings etc.
109
109
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
9,542
20,314
Taxes and social security
122
3,454
Loans from directors
26,703
28,384
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).