REGISTERED NUMBER: 05023324 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

ILLUSION DESIGN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr G Feast

REGISTERED OFFICE:

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

REGISTERED NUMBER:

05023324 (England and Wales)

ACCOUNTANTS:

Conroy & Lermer

Chartered Accountants

42 Lytton Road

BARNET

EN5 5BY

FIXED ASSETS

Tangible assets

4

37,410

45,050

CURRENT ASSETS

Debtors

5

27,916

40,839

Cash at bank

1,042

36,672

28,958

77,511

CREDITORS

Amounts falling due within one year

6

12,579

36,692

NET CURRENT ASSETS

16,379

40,819

TOTAL ASSETS LESS CURRENT LIABILITIES

53,789

85,869

CREDITORS

Amounts falling due after more than one year

7

(17,403

)

(24,910

)

PROVISIONS FOR LIABILITIES

(3,973

)

(4,902

)

NET ASSETS

32,413

56,057

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

32,313

55,957

SHAREHOLDERS' FUNDS

32,413

56,057

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 director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 December 2025 and were signed by:

Mr G Feast - Director

1.	STATUTORY INFORMATION

Illusion Design Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 net invoiced sales of services, excluding 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.

Plant and machinery

-

25% on cost

Computer equipment

-

25% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

27,500

39,508

67,008

Additions

-

498

498

Disposals

-

(951

)

(951

)

At 31 March 2025

27,500

39,055

66,555

DEPRECIATION

At 1 April 2024

8,250

13,708

21,958

Charge for year

2,750

5,388

8,138

Eliminated on disposal

-

(951

)

(951

)

At 31 March 2025

11,000

18,145

29,145

NET BOOK VALUE

At 31 March 2025

16,500

20,910

37,410

At 31 March 2024

19,250

25,800

45,050

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

2,799

8,832

Directors' current accounts

24,601

31,766

Prepayments and accrued income

516

241

27,916

40,839

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

4,440

4,440

Hire purchase contracts

4,139

4,139

Tax

2,591

23,478

VAT

1,305

4,531

Accrued expenses

104

104

12,579

36,692

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

2,091

4,440

Bank loans - 2-5 years

-

1,855

Hire purchase contracts

15,312

18,615

17,403

24,910

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

98

Ordinary A

£1

98

98

1

Ordinary C

£1

1

1

99

99

Allotted and issued:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

1

Share capital 3

£1

1

1

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

Mr G Feast

Balance outstanding at start of year

31,766

-

Amounts advanced

62,942

82,981

Amounts repaid

(70,107

)

(51,215

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

24,601

31,766

As at the balance sheet date, included in debtors due within one year is £24,601 (2024: £31,766) due and payable by the director. Interest of £426.04 was charged at 2.25% on the overdrawn amount for the year. The overdrawn amount is fully repaid with in 9 months from the balance sheet date.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr G Feast.