IRIS Accounts Production v22.1.4.3 03891726 Board of Directors Board of Directors 1.1.21 31.12.21 31.12.21 false true false false true false ordinary 100.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure038917262020-12-31038917262021-12-31038917262021-01-012021-12-31038917262019-12-31038917262020-01-012020-12-31038917262020-12-3103891726ns16:EnglandWales2021-01-012021-12-3103891726ns15:PoundSterling2021-01-012021-12-3103891726ns11:Director12021-01-012021-12-3103891726ns11:Director22021-01-012021-12-3103891726ns11:PrivateLimitedCompanyLtd2021-01-012021-12-3103891726ns11:SmallEntities2021-01-012021-12-3103891726ns11:AuditExempt-NoAccountantsReport2021-01-012021-12-3103891726ns11:SmallCompaniesRegimeForDirectorsReport2021-01-012021-12-3103891726ns11:SmallCompaniesRegimeForAccounts2021-01-012021-12-3103891726ns11:FullAccounts2021-01-012021-12-3103891726ns11:OrdinaryShareClass12021-01-012021-12-3103891726ns11:CompanySecretary12021-01-012021-12-3103891726ns11:RegisteredOffice2021-01-012021-12-3103891726ns6:CurrentFinancialInstruments2021-12-3103891726ns6:CurrentFinancialInstruments2020-12-3103891726ns6:ShareCapital2021-12-3103891726ns6:ShareCapital2020-12-3103891726ns6:RetainedEarningsAccumulatedLosses2021-12-3103891726ns6:RetainedEarningsAccumulatedLosses2020-12-3103891726ns6:PlantMachinery2021-01-012021-12-3103891726ns6:PlantMachinery2020-12-3103891726ns6:PlantMachinery2021-12-3103891726ns6:PlantMachinery2020-12-3103891726ns6:WithinOneYearns6:CurrentFinancialInstruments2021-12-3103891726ns6:WithinOneYearns6:CurrentFinancialInstruments2020-12-3103891726ns11:OrdinaryShareClass12021-12-31
REGISTERED NUMBER: 03891726 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

DISPLAYLITE LIMITED

DISPLAYLITE LIMITED (REGISTERED NUMBER: 03891726)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DISPLAYLITE LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2021







DIRECTORS: S F Legg
S J Perry





SECRETARY: S F Legg





REGISTERED OFFICE: Huntingdon Business Centre
Blackstone Road
Huntingdon
Cambridgeshire
PE29 6EF





REGISTERED NUMBER: 03891726 (England and Wales)





ACCOUNTANT: David Jeffreys Ltd
First Floor
4 Princes Street
Huntingdon
Cambridgeshire
PE29 3PA

DISPLAYLITE LIMITED (REGISTERED NUMBER: 03891726)

BALANCE SHEET
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,075 11,406

CURRENT ASSETS
Stocks 19,285 19,182
Debtors 5 46,295 115,137
Cash at bank 30,063 57,052
95,643 191,371
CREDITORS
Amounts falling due within one year 6 92,762 178,918
NET CURRENT ASSETS 2,881 12,453
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,956

23,859

PROVISIONS FOR LIABILITIES 1,848 2,086
NET ASSETS 11,108 21,773

CAPITAL AND RESERVES
Called up share capital 7 2,000 2,000
Retained earnings 9,108 19,773
SHAREHOLDERS' FUNDS 11,108 21,773

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

DISPLAYLITE LIMITED (REGISTERED NUMBER: 03891726)

BALANCE SHEET - continued
31 December 2021


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 March 2022 and were signed on its behalf by:




S J Perry - Director



S F Legg - Director


DISPLAYLITE LIMITED (REGISTERED NUMBER: 03891726)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Displaylite Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 3 ) .

DISPLAYLITE LIMITED (REGISTERED NUMBER: 03891726)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2021

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021 81,627
Additions 2,028
At 31 December 2021 83,655
DEPRECIATION
At 1 January 2021 70,221
Charge for year 3,359
At 31 December 2021 73,580
NET BOOK VALUE
At 31 December 2021 10,075
At 31 December 2020 11,406

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 39,866 110,600
Other debtors 6,429 4,537
46,295 115,137

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 44,167 50,000
Trade creditors 29,885 83,407
Taxation and social security 8,246 36,174
Other creditors 10,464 9,337
92,762 178,918

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
2,000 ordinary 100p 2,000 2,000