Registered number
04038668
LONDON FRIGHTFEST LIMITED
Unaudited Filleted Accounts
31 July 2024
LONDON FRIGHTFEST LIMITED
Registered number: 04038668
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 74,170 5,556
Cash at bank and in hand 176,780 171,018
250,950 176,574
Creditors: amounts falling due within one year 4 (260,879) (176,014)
Net current (liabilities)/assets (9,929) 560
Net (liabilities)/assets (9,929) 560
Capital and reserves
Called up share capital 300 300
Profit and loss account (10,229) 260
Shareholders' funds (9,929) 560
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ian Rattray
Director
Approved by the board on 1 April 2025
LONDON FRIGHTFEST LIMITED
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Debtors 2024 2023
£ £
Trade debtors 74,170 5,556
4 Creditors: amounts falling due within one year 2024 2023
£ £
Ticket advances 195,033 124,170
Taxation and social security costs 48,604 33,262
Other creditors 17,242 18,582
260,879 176,014
5 Other information
LONDON FRIGHTFEST LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
10 Wiltshire Gardens
Twickenham
TW2 6ND
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