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
Tangible assets
36,994
44,842
Cash at bank and in hand
-
3,054
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)
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
Lush Digital Media Limited
Notes to the Accounts
for the year ended 31 December 2024
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.
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.
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 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.
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.
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.
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
At 31 December 2024
147,776
12,000
25,170
184,946
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
At 31 December 2024
32,220
871
3,903
36,994
At 31 December 2023
40,274
1,161
3,407
44,842
Amounts falling due within one year
Trade debtors
101,418
42,780
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
7
Creditors: amounts falling due after more than one year
2024
2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan repaid during the year.
3,921
-
3,921
-
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).