Registered number: 08985106 | ||||||||
FOR THE YEAR ENDED 31 MAY 2024 | ||||||||
Prepared By: | ||||||||
K P Tanner Partnership | ||||||||
Accountants | ||||||||
The Offices | ||||||||
Grange Cottage | ||||||||
Nantyderry | ||||||||
Monmouthshire | ||||||||
NP7 9DF |
Light Effects Design Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 MAY 2024 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
Essex | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 08985106 | ||||||||
ACCOUNTANTS | ||||||||
K P Tanner Partnership | ||||||||
Accountants | ||||||||
The Offices | ||||||||
Grange Cottage | ||||||||
Nantyderry | ||||||||
Monmouthshire | ||||||||
NP7 9DF |
Light Effects Design Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31 MAY 2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Strategic Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Light Effects Design Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Intangible assets | 2 | |||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
705,801 | 690,346 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT ASSETS | 171,023 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 7 | 21,961 | 29,590 | |||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 9 | |||||||||
Profit and loss account | 103,174 | 169,061 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Light Effects Design Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31 MAY 2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Plant and Machinery | reducing balance 25% | |||||||
Commercial Vehicles | reducing balance 25% | |||||||
Equipment | reducing balance 25% | |||||||
Motor Cars | reducing balance 25% |
1c. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1d. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
Light Effects Design Limited | ||||||||
1e. Goodwill | ||||||||
2. INTANGIBLE FIXED ASSETS | ||||
Purchased | ||||
Goodwill | Total | |||
£ | £ | |||
Cost | ||||
At 1 June 2023 | 32,000 | 32,000 | ||
At 31 May 2024 | 32,000 | 32,000 | ||
Depreciation | ||||
At 1 June 2023 | 8,000 | 8,000 | ||
For the year | 8,000 | 8,000 | ||
At 31 May 2024 | 16,000 | 16,000 | ||
Net Book Amounts | ||||
At 31 May 2024 | ||||
At 31 May 2023 | ||||
3. TANGIBLE FIXED ASSETS | ||||||||||
Plant and | Commercial | |||||||||
Machinery | Vehicles | Equipment | Motor Cars | Total | ||||||
£ | £ | £ | £ | £ | ||||||
Cost | ||||||||||
At 1 June 2023 | 10,083 | 6,190 | 9,642 | 12,000 | 37,915 | |||||
At 31 May 2024 | 10,083 | 6,190 | 9,642 | 12,000 | 37,915 | |||||
Depreciation | ||||||||||
At 1 June 2023 | 8,996 | 5,609 | 8,709 | 10,873 | 34,187 | |||||
For the year | 272 | 145 | 233 | 282 | 932 | |||||
At 31 May 2024 | 9,268 | 5,754 | 8,942 | 11,155 | 35,119 | |||||
Net Book Amounts | ||||||||||
At 31 May 2024 | 2,796 | |||||||||
At 31 May 2023 | 3,728 | |||||||||
4. STOCK | 2024 | 2023 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock | ||||||
Light Effects Design Limited | ||||||||
5. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 374,986 | 346,590 | ||||||
Salaries and wages control | 127 | 127 | ||||||
Other debtors | 240,538 | 261,126 | ||||||
Directors current account | - | 1 | ||||||
Directors current account | - | 1 | ||||||
615,651 | 607,845 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
UK corporation tax | 93,025 | 89,897 | ||||||
VAT | 116,672 | 140,034 | ||||||
PAYE control | 5,209 | 3,089 | ||||||
Bank loans and overdrafts | 4 | 1,871 | ||||||
Factoring account | 124,395 | 77,258 | ||||||
Trade creditors | 256,836 | 206,836 | ||||||
Other creditors | 3,221 | 338 | ||||||
599,362 | 519,323 | |||||||
Bank loans and overdrafts are secured by a fixed charge and floating charge over the companys property or undertaking | ||||||||
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Bank loans (unsecured) >1yr | 21,961 | 29,590 | ||||||
21,961 | 29,590 | |||||||
8. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 7 | |||||
Light Effects Design Limited | ||||||||
9. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
25 | 25 | |||||||
25 | 25 | |||||||
25 | 25 | |||||||
25 | 25 | |||||||
100 | 100 | |||||||
New shares issued during period: | ||||||||
25 | 25 | 25 | ||||||
25 | 25 | 25 | ||||||
25 | 25 | 25 | ||||||
25 | 25 | 25 | ||||||