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Registered number: 13024381
LSR Productions Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2025
Ocelot Accounting Ltd
54 Parkstone Road
Poole
Dorset
BH15 2PG
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Report of the Accountant to the director of LSR Productions Ltd
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 30 November 2025.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the Balance Sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”.
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
28/08/2026
Ocelot Accounting Ltd
54 Parkstone Road
Poole
Dorset
BH15 2PG
Page 1
Page 2
Balance Sheet
Registered number: 13024381
2025 2024
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 15,437 19,530
15,437 19,530
CURRENT ASSETS
Stocks 5 10,459 -
Debtors 6 56,259 86,414
Cash at bank and in hand 264,890 274,682
331,608 361,096
Creditors: Amounts Falling Due Within One Year 7 7,327 (2,798 )
NET CURRENT ASSETS (LIABILITIES) 338,935 358,298
TOTAL ASSETS LESS CURRENT LIABILITIES 354,372 377,828
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (2,933 ) (3,711 )
NET ASSETS 351,439 374,117
CAPITAL AND RESERVES
Called up share capital 9 10 10
Profit and Loss Account 351,429 374,107
SHAREHOLDERS' FUNDS 351,439 374,117
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For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
The financial statements were approved by the board of directors on 28 August 2026 and were signed on its behalf by:
Miss L S Robson
Director
28/08/2026
The notes on pages 4 to 6 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
LSR Productions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13024381 . The registered office is C/O Ocelot Accounting, 54 Parkstone Road, Poole, Dorset, BH15 2PG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 33% Straight Line
Motor Vehicles 20% Reducing Balance
Computer Equipment 33% Straight Line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2024 9,758 29,625 1,657 41,040
Additions - - 916 916
As at 30 November 2025 9,758 29,625 2,573 41,956
Depreciation
As at 1 December 2024 8,681 11,297 1,532 21,510
Provided during the period 1,192 3,666 151 5,009
As at 30 November 2025 9,873 14,963 1,683 26,519
Net Book Value
As at 30 November 2025 (115 ) 14,662 890 15,437
As at 1 December 2024 1,077 18,328 125 19,530
5. Stocks
2025 2024
as restated
£ £
Stock 10,459 -
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6. Debtors
2025 2024
as restated
£ £
Due within one year
Trade debtors 1,480 325
Prepayments and accrued income 234 -
Corporation tax recoverable assets 13,764 22,122
VAT - 369
Net wages - 1,048
Director's loan account 40,781 62,550
56,259 86,414
7. Creditors: Amounts Falling Due Within One Year
2025 2024
as restated
£ £
Trade creditors 346 421
Corporation tax (8,358 ) 2,254
Other taxes and social security 406 123
VAT 279 -
(7,327 ) 2,798
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
as restated
£ £
Other timing differences 2,933 3,711
9. Share Capital
2025 2024
as restated
Allotted, called up but not fully paid £ £
10 Ordinary Shares of £ 1.00 each 10 10
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 December 2024 Amounts advanced Amounts repaid Amounts written off As at 30 November 2025
£ £ £ £ £
Miss Lucy Robson 62,550 94 (21,863 ) - 40,781
The above loan is unsecured and repayable on demand,  with a 3.75% interest rate.
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