Lost IT Productions Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03417885 (England and Wales)

LOST IT PRODUCTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

55,928

63,249

CURRENT ASSETS

Debtors

5

41,553

22,450

Cash at bank and in hand

3,674

3,968

45,227

26,418

CREDITORS

Amounts falling due within one year

6

53,065

54,093

NET CURRENT LIABILITIES

(7,838

)

(27,675

)

TOTAL ASSETS LESS CURRENT LIABILITIES

48,090

35,574

CREDITORS

Amounts falling due after more than one
year

7

19,827

26,013

NET ASSETS

28,263

9,561

CAPITAL AND RESERVES

Called up share capital

12,750

Retained earnings

15,513

(3,189

)

28,263

9,561

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 May 2026 and were signed by:

N O Haughey - Director

1.	STATUTORY INFORMATION

Lost IT Productions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

03417885

Registered office:

6-7 Castle Gate

Castle Street

Hertford

Hertfordshire

SG14 1HD

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.

Plant and machinery

-

20% on reducing balance

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 September 2024

609,344

Additions

6,302

At 31 August 2025

615,646

DEPRECIATION

At 1 September 2024

546,095

Charge for year

13,623

At 31 August 2025

559,718

NET BOOK VALUE

At 31 August 2025

55,928

At 31 August 2024

63,249

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

5,303

1,950

Other debtors

36,250

20,500

41,553

22,450

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

6,558

5,932

Trade creditors

887

1,249

Taxation and social security

12,829

17,569

Other creditors

32,791

29,343

53,065

54,093

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans

19,827

26,013

8.	RELATED PARTY DISCLOSURES

During the year, Mr Haughey (Director) loaned the company money with no set repayment date. At the year end the amount due from the company to the director was £29,343 (2024: £29,119).

Event Screens Limited

During the year, Mr Haughey (Director) loaned money to the associated company with no set repayment date. At the year end the amount due from the associated company was £20,500 (2024: £20,000).

Lee Couriers Limited

During the year, Mr Haughey (Director) loaned money to the associated company with no set repayment date. As the year end the amount due from the associated company was £15,000.

9.	ULTIMATE CONTROLLING PARTY

During the year, the company was jointly controlled by Mr and Mrs Haughey with each holding a 50% shareholding of the issued share capital.