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REGISTERED NUMBER: 06058894 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

LIGHT FANTASTIC PRODUCTION SERVICES
LTD

LIGHT FANTASTIC PRODUCTION SERVICES
LTD (REGISTERED NUMBER: 06058894)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LIGHT FANTASTIC PRODUCTION SERVICES
LTD

Company Information
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: Mr R Myer
Mr A Vere





REGISTERED OFFICE: 6 Elstree Way
Borehamwood
WD6 1RN





REGISTERED NUMBER: 06058894 (England and Wales)

LIGHT FANTASTIC PRODUCTION SERVICES
LTD (REGISTERED NUMBER: 06058894)

Balance Sheet
31 MARCH 2025

31.3.25 31.3.24
Notes £ £ £
FIXED ASSETS
Tangible assets 4 1,136,815 933,853

CURRENT ASSETS
Stocks 5 20,000 -
Debtors 6 607,807 408,606
Cash at bank 1,006,890 338,147
1,634,697 746,753
CREDITORS
Amounts falling due within one year 7 1,712,805 845,174
NET CURRENT LIABILITIES (78,108 ) (98,421 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,058,707

835,432

CREDITORS
Amounts falling due after more than one year 8 (185,473 ) (233,656 )

PROVISIONS FOR LIABILITIES 10 (263,583 ) (208,316 )
NET ASSETS 609,651 393,460

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 608,651 392,460
SHAREHOLDERS' FUNDS 609,651 393,460

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.

LIGHT FANTASTIC PRODUCTION SERVICES
LTD (REGISTERED NUMBER: 06058894)

Balance Sheet - continued
31 MARCH 2025


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 July 2025 and were signed on its behalf by:





Mr R Myer - Director


LIGHT FANTASTIC PRODUCTION SERVICES
LTD (REGISTERED NUMBER: 06058894)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Light Fantastic Production Services 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 represents amounts receivable for lighting and events production, net of value added tax.

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

Tools and equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance
Improvements to leasehold - over the life of the lease

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 41 (2024 - 38 ) .

LIGHT FANTASTIC PRODUCTION SERVICES
LTD (REGISTERED NUMBER: 06058894)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025

4. TANGIBLE FIXED ASSETS
Improvements Tools and Motor Computer
to property equipment vehicles equipment Totals
£ £ £ £ £
COST
At 1 April 2024 88,865 2,530,463 61,993 157,350 2,838,671
Additions - 348,425 42,944 9,550 400,919
At 31 March 2025 88,865 2,878,888 104,937 166,900 3,239,590
DEPRECIATION
At 1 April 2024 65,934 1,709,139 30,361 99,384 1,904,818
Charge for year 10,698 159,615 15,065 12,579 197,957
At 31 March 2025 76,632 1,868,754 45,426 111,963 2,102,775
NET BOOK VALUE
At 31 March 2025 12,233 1,010,134 59,511 54,937 1,136,815
At 31 March 2024 22,931 821,324 31,632 57,966 933,853

5. STOCKS
31.3.25 31.3.24
£ £
Stocks 20,000 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£ £
Trade debtors 488,008 284,370
Other debtors 23,125 23,125
Prepayments and accrued income 96,674 101,111
607,807 408,606

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£ £
Bank loans 95,017 91,104
Hire purchase contracts (see note 9) 140,491 77,766
Trade creditors 262,387 206,662
Corporation tax 82,443 44,689
Social security and other taxes 39,147 40,875
Value added tax 193,704 121,235
Other creditors 807,622 187,130
Director's current account 1,242 1,242
Accruals and deferred income 90,752 74,471
1,712,805 845,174

LIGHT FANTASTIC PRODUCTION SERVICES
LTD (REGISTERED NUMBER: 06058894)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

The bank loans are secured by legal charges over the assets of the company.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.25 31.3.24
£ £
Bank loans due in more than
one year 57,349 152,368
Hire purchase contracts (see note 9) 128,124 81,288
185,473 233,656

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.25 31.3.24
£ £
Net obligations repayable:
Within one year 140,491 77,766
Between one and five years 128,124 81,288
268,615 159,054

Non-cancellable
operating leases
31.3.25 31.3.24
£ £
Within one year 46,250 110,310
Between one and five years - 46,250
46,250 156,560

10. PROVISIONS FOR LIABILITIES
31.3.25 31.3.24
£ £
Deferred tax 263,583 208,316

Deferred tax
£
Balance at 1 April 2024 208,316
Charge to Income Statement during year 55,267
Balance at 31 March 2025 263,583