Company Registration No. 10111271 (England and Wales)
Light and Imagination Ltd
Unaudited accounts
for the year ended 30 March 2021
Light and Imagination Ltd
Unaudited accounts
Contents
Light and Imagination Ltd
Company Information
for the year ended 30 March 2021
Company Number
10111271 (England and Wales)
Registered Office
Office 30, Canterbury Innovation Centre
University Road
Canterbury
Kent
CT2 7FG
Light and Imagination Ltd
Statement of financial position
as at
30 March 2021
Tangible assets
19,033
18,161
Cash at bank and in hand
5,588
450
Creditors: amounts falling due within one year
(72,791)
(81,514)
Net current liabilities
(65,019)
(82,850)
Total assets less current liabilities
(45,986)
(64,689)
Creditors: amounts falling due after more than one year
(26,696)
(2,962)
Net liabilities
(72,682)
(67,651)
Called up share capital
100
100
Profit and loss account
(72,782)
(67,751)
Shareholders' funds
(72,682)
(67,651)
For the year ending 30 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 March 2022 and were signed on its behalf by
A Paciu
Director
Company Registration No. 10111271
Light and Imagination Ltd
Notes to the Accounts
for the year ended 30 March 2021
Light and Imagination Ltd is a private company, limited by shares, registered in England and Wales, registration number 10111271. The registered office is Office 30, Canterbury Innovation Centre, University Road, Canterbury, Kent, CT2 7FG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance basis
Computer equipment
25% reducing balance basis
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 31 March 2020
4,160
17,591
21,751
Additions
4,279
2,937
7,216
At 30 March 2021
8,439
20,528
28,967
At 31 March 2020
831
2,759
3,590
Charge for the year
1,902
4,442
6,344
At 30 March 2021
2,733
7,201
9,934
At 30 March 2021
5,706
13,327
19,033
At 30 March 2020
3,329
14,832
18,161
5
Debtors: amounts falling due within one year
2021
2020
Other debtors
2,184
(1,786)
Light and Imagination Ltd
Notes to the Accounts
for the year ended 30 March 2021
6
Creditors: amounts falling due within one year
2021
2020
Other creditors
72,791
81,444
7
Creditors: amounts falling due after more than one year
2021
2020
8
Average number of employees
During the year the average number of employees was 0 (2020: 0).