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Company Registration No. 09364422 (England and Wales)
Lush Digital Media Limited Unaudited accounts for the year ended 31 December 2024
Lush Digital Media Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
36,994 
44,842 
Current assets
Inventories
6,500 
7,800 
Debtors
115,738 
59,189 
Cash at bank and in hand
- 
3,054 
122,238 
70,043 
Creditors: amounts falling due within one year
(98,673)
(63,754)
Net current assets
23,565 
6,289 
Total assets less current liabilities
60,559 
51,131 
Creditors: amounts falling due after more than one year
(11,093)
(21,218)
Provisions for liabilities
Deferred tax
(9,245)
(8,519)
Net assets
40,221 
21,394 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
40,121 
21,294 
Shareholders' funds
40,221 
21,394 
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 26 February 2025 and were signed on its behalf by
Mr J Reed Director Company Registration No. 09364422
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Lush Digital Media Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Lush Digital Media Limited is a private company, limited by shares, registered in England and Wales, registration number 09364422. The registered office is 35 The Green, Beeston, Sandy, Bedfordshire, SG19 1PE.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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
20% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
33% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Lush Digital Media Limited Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
147,776 
12,000 
22,272 
182,048 
Additions
- 
- 
2,898 
2,898 
At 31 December 2024
147,776 
12,000 
25,170 
184,946 
Depreciation
At 1 January 2024
107,502 
10,839 
18,865 
137,206 
Charge for the year
8,054 
290 
2,402 
10,746 
At 31 December 2024
115,556 
11,129 
21,267 
147,952 
Net book value
At 31 December 2024
32,220 
871 
3,903 
36,994 
At 31 December 2023
40,274 
1,161 
3,407 
44,842 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
6,919 
9,532 
Trade debtors
101,418 
42,780 
Other debtors
7,401 
6,877 
115,738 
59,189 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
11,383 
10,920 
Trade creditors
42,086 
7,281 
Taxes and social security
24,940 
23,368 
Other creditors
20,264 
22,185 
98,673 
63,754 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
11,093 
21,218 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Loan repaid during the year.
3,921 
- 
3,921 
- 
3,921 
- 
3,921 
- 
- 4 -
Lush Digital Media Limited Notes to the Accounts for the year ended 31 December 2024
9
Average number of employees
During the year the average number of employees was 4 (2023: 3).
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