Company registration number 15612588 (England and Wales)
LAVALETTE PRODUCTIONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
LAVALETTE PRODUCTIONS LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 6
LAVALETTE PRODUCTIONS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
Notes
£
£
Fixed assets
Tangible assets
3
2,440
Current assets
Debtors
4
43,126
Cash at bank and in hand
13,257
56,383
Creditors: amounts falling due within one year
5
(42,462)
Net current assets
13,921
Net assets
16,361
Capital and reserves
Called up share capital
6
100
Profit and loss reserves
16,261
Total equity
16,361

For the financial period ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 12 March 2026 and are signed on its behalf by:
Mr D Lavalette
Mrs M Lavalette
Director
Director
Company registration number 15612588 (England and Wales)
LAVALETTE PRODUCTIONS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 MARCH 2025
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Period ended 31 March 2025:
Profit and total comprehensive income
-
16,261
16,261
Issue of share capital
6
100
-
100
Balance at 31 March 2025
100
16,261
16,361
LAVALETTE PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Lavalette Productions Limited is a private company limited by shares incorporated in England and Wales. The registered office is Champion Allwoods Limited, 2nd Floor Refuge House, 33-37 Watergate Row, Chester, CH1 2LE.

1.1
Reporting period

The company was incorporated on 3 April 2024. These financial statements cover the short period from the date of incorporation to 31 March 2025.

1.2
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Turnover

The turnover shown in the profit and loss account represents videography fee income at invoice value. Turnover is recognised at the time the event, for which the video is being created, takes place.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Videography equipment
20% on a reducing balance basis
Motor vehicles
20% on a reducing balance basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

LAVALETTE PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2025
Number
Total
2
LAVALETTE PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
- 5 -
3
Tangible fixed assets
Videography equipment
Motor vehicles
Total
£
£
£
Cost
At 3 April 2024
-
0
-
0
-
0
Additions
1,655
1,395
3,050
At 31 March 2025
1,655
1,395
3,050
Depreciation and impairment
At 3 April 2024
-
0
-
0
-
0
Depreciation charged in the period
331
279
610
At 31 March 2025
331
279
610
Carrying amount
At 31 March 2025
1,324
1,116
2,440
4
Debtors
2025
Amounts falling due within one year:
£
Trade debtors
1,250
Other debtors
41,876
43,126
5
Creditors: amounts falling due within one year
2025
£
Corporation tax
3,872
Other taxation and social security
510
Other creditors
35,800
Accruals and deferred income
2,280
42,462
6
Called up share capital
2025
2025
Ordinary share capital
Number
£
Issued and fully paid
Ordinary of £1 each
100
100
LAVALETTE PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
- 6 -
7
Related party transactions

On 3 April 2024, Mr D Lavalette, a director and shareholder of the company, transferred the trade and assets of his unincorporated videography business into the company. The company paid £3,050 for the motor vehicles and videography equipment of that business and took over liability for the payments in advance received by that business of £37,581.

At 31 March 2025, an amount of £41,876, included in other debtors, was due to the company from Mr D Lavalette and Mrs M Lavalette in respect of the overdrawn balance on their joint directors' current account with the company. The maximum amount outstanding during the year was £42,677. Interest at 2.25% was charged by the company on this balance totalling £866. A large proportion of this overdrawn balance has been settled since 31 March 2025 by the offset of dividends voted by the company to Mr D Lavalette and Mrs M Lavalette, the remainder is still outstanding to the company.

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