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Unaudited Financial Statements

for the Year Ended 31 March 2025

for

LxL Creative Ltd

LxL Creative Ltd (Registered number: 13316669)

Contents of the Financial Statements
for the Year Ended 31 March 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LxL Creative Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTORS: Miss L Duffield
Miss E S Clucas





REGISTERED OFFICE: 8-10 South Street
Epsom
Surrey
KT18 7PF





REGISTERED NUMBER: 13316669 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

LxL Creative Ltd (Registered number: 13316669)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 10,192 6,726

CURRENT ASSETS
Debtors 5 41,591 48,208
Cash at bank 338,466 59,570
380,057 107,778
CREDITORS
Amounts falling due within one year 6 221,661 52,078
NET CURRENT ASSETS 158,396 55,700
TOTAL ASSETS LESS CURRENT
LIABILITIES

168,588

62,426

CAPITAL AND RESERVES
Called up share capital 7 200 200
Retained earnings 168,388 62,226
SHAREHOLDERS' FUNDS 168,588 62,426

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2025 and were signed on its behalf by:




Miss E S Clucas - Director



Miss L Duffield - Director


LxL Creative Ltd (Registered number: 13316669)

Notes to the Financial Statements
for the Year Ended 31 March 2025


1. STATUTORY INFORMATION

LxL Creative Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 3 ) .

LxL Creative Ltd (Registered number: 13316669)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2024 12,312
Additions 6,740
At 31 March 2025 19,052
DEPRECIATION
At 1 April 2024 5,586
Charge for year 3,274
At 31 March 2025 8,860
NET BOOK VALUE
At 31 March 2025 10,192
At 31 March 2024 6,726

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 36,768 46,054
Prepayments 4,823 2,154
41,591 48,208

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors - 200
Tax 60,123 18,817
Social security and other taxes 535 45
VAT 26,828 2,525
Other creditors 3,957 403
Directors' current accounts 32,471 27,588
Accruals and deferred income 94,247 -
Accrued expenses 3,500 2,500
221,661 52,078

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
200 Ordinary £1 200 200