Company registration number 08690010 (England and Wales)
COCO LUMINAIRE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
PAGES FOR FILING WITH REGISTRAR
COCO LUMINAIRE LIMITED
CONTENTS
Page
Balance sheet
2
Notes to the financial statements
3 - 5
COCO LUMINAIRE LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2022
- 1 -

The directors present their annual report and financial statements for the year ended 31 March 2022.

Principal activities

The principal activity of the company continued to be that of renting and leasing of other machinery, equipment and tangible goods.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr RL Kane
Mr L Kane
Mr P Kane
Mrs L Kane
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Mr RL Kane
Director
12 September 2022
COCO LUMINAIRE LIMITED
BALANCE SHEET
AS AT
31 MARCH 2022
31 March 2022
- 2 -
2022
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
3
15,572
18,447
Current assets
Debtors
4
4,246
4,554
Cash at bank and in hand
26,771
33,866
31,017
38,420
Creditors: amounts falling due within one year
5
(67,960)
(71,832)
Net current liabilities
(36,943)
(33,412)
Total assets less current liabilities
(21,371)
(14,965)
Provisions for liabilities
(2,959)
(3,505)
Net liabilities
(24,330)
(18,470)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(24,430)
(18,570)
Total equity
(24,330)
(18,470)

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

For the financial year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

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

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

The financial statements were approved by the board of directors and authorised for issue on 12 September 2022 and are signed on its behalf by:
Mr RL Kane
Director
Company Registration No. 08690010
COCO LUMINAIRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
- 3 -
1
Accounting policies
Company information

Coco Luminaire Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Gosforth Studios, Rear of 2-6 Ivy Road, Gosforth, Newcastle upon Tyne, Tyne and Wear, England, NE3 1DB.

1.1
Accounting convention

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 amounts 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.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

 

1.3
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:

Plant and equipment
20% Straight Line
Computers
33% Straight Line

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.

1.4
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.

1.5
Taxation

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

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.

COCO LUMINAIRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
1
Accounting policies
(Continued)
- 4 -
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.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.7
Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

1.8
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

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

2022
2021
Number
Number
Total
3
3
COCO LUMINAIRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
- 5 -
3
Tangible fixed assets
Plant and equipment
Computers
Total
£
£
£
Cost
At 1 April 2021
99,111
1,567
100,678
Additions
5,513
46
5,559
At 31 March 2022
104,624
1,613
106,237
Depreciation and impairment
At 1 April 2021
80,664
1,567
82,231
Depreciation charged in the year
8,420
14
8,434
At 31 March 2022
89,084
1,581
90,665
Carrying amount
At 31 March 2022
15,540
32
15,572
At 31 March 2021
18,447
-
0
18,447
4
Debtors
2022
2021
Amounts falling due within one year:
£
£
Trade debtors
3,352
-
0
Corporation tax recoverable
-
0
3,660
Other debtors
894
894
4,246
4,554
5
Creditors: amounts falling due within one year
2022
2021
£
£
Bank loans
25,678
30,500
Trade creditors
3,579
2,357
Corporation tax
-
0
3,660
Other taxation and social security
4,823
3,225
Other creditors
33,880
32,090
67,960
71,832
6
Financial commitments, guarantees and contingent liabilities

Total amount of financial commitments, guarantees and contingencies not included in the balance sheet as at 31 March 2022 is £ £2,737 (2021: £8,630)

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