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REGISTERED NUMBER: 07562015 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

TEGRAL LIGHTING LIMITED

TEGRAL LIGHTING LIMITED (REGISTERED NUMBER: 07562015)

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


TEGRAL LIGHTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: Mr K Harris
Mr G O'Beirne





REGISTERED OFFICE: Unit 4 Myson Way
Bishops Storford
Hertfordshire
CM23 5JZ





REGISTERED NUMBER: 07562015 (England and Wales)





ACCOUNTANTS: Mackenzies Accountants Limited
Chartered Accountants
4 Kings Row
Armstrong Road
Maidstone
Kent
ME15 6AQ

TEGRAL LIGHTING LIMITED (REGISTERED NUMBER: 07562015)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 14,334 24,100

CURRENT ASSETS
Stocks 327,519 454,425
Debtors 5 330,638 265,149
Cash at bank and in hand 51,078 60,436
709,235 780,010
CREDITORS
Amounts falling due within one year 6 210,244 413,296
NET CURRENT ASSETS 498,991 366,714
TOTAL ASSETS LESS CURRENT
LIABILITIES

513,325

390,814

PROVISIONS FOR LIABILITIES 9 - 452
NET ASSETS 513,325 390,362

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 513,225 390,262
SHAREHOLDERS' FUNDS 513,325 390,362

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.

TEGRAL LIGHTING LIMITED (REGISTERED NUMBER: 07562015)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 September 2022 and were signed on its behalf by:




Mr K Harris - Director



Mr G O'Beirne - Director


TEGRAL LIGHTING LIMITED (REGISTERED NUMBER: 07562015)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021


1. STATUTORY INFORMATION

Tegral Lighting 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 - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 20% on cost

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 Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 5 ) .

TEGRAL LIGHTING LIMITED (REGISTERED NUMBER: 07562015)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£ £ £ £
COST
At 1 January 2021 25,550 31,069 19,783 76,402
Additions - 999 - 999
Disposals - (9,225 ) - (9,225 )
At 31 December 2021 25,550 22,843 19,783 68,176
DEPRECIATION
At 1 January 2021 20,787 27,558 3,957 52,302
Charge for year 3,833 1,474 3,957 9,264
Eliminated on disposal - (7,724 ) - (7,724 )
At 31 December 2021 24,620 21,308 7,914 53,842
NET BOOK VALUE
At 31 December 2021 930 1,535 11,869 14,334
At 31 December 2020 4,763 3,511 15,826 24,100

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£ £
Trade debtors 293,871 234,757
Other debtors 16,663 14,069
Deferred tax asset 1,085 -
Prepayments and accrued income 19,019 16,323
330,638 265,149

Other debtors relates to a rent deposit payment, which is repayable to the company at the end of the lease.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£ £
Invoice discounting account 38 (5,500 )
Trade creditors 37,907 28,550
Tax 26,056 4,839
Social security and other taxes 2,002 2,790
VAT 56,733 30,706
Other creditors 803 297,170
Directors' current accounts 38 -
Accruals and deferred income 86,667 54,741
210,244 413,296

TEGRAL LIGHTING LIMITED (REGISTERED NUMBER: 07562015)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Other creditors consists of an amount of £Nil (2020: £296,232) due to Integral Lighting Ltd, a related company and an amount of £Nil (2020: £210) due to Galaxy Lichttechnik Vertriebs GmbH, a related company and an amount of £803 (2020: £728) due in respect of pension liability.

The invoice discounting facility is with Ulster Bank Ireland DAC. At the year end the account was £Nil (2020: £196 debtor balance).

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2021 2020
£ £
Within one year 77,500 27,778
Between one and five years 310,000 -
In more than five years 335,833 -
723,333 27,778

8. SECURED DEBTS

The invoice discounting facility is secured on the company's trade debtors.

The company is subject to a legal charge over the company's assets in respect of the initial rent deposit, rentals due and and any late rental charges due to the landlords.

9. PROVISIONS FOR LIABILITIES
2020
£
Deferred tax 452

Deferred tax
£
Balance at 1 January 2021 452
Provided during year (1,537 )
Balance at 31 December 2021 (1,085 )

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £ £
100 Ordinary £1 100 100

11. FINANCIAL COMMITMENTS, GUARANTEES AND CONTINGENT LIABILITIES

Ulster Bank Ireland holds as security, an assignment of receivables and a joint and several personal guarantee of £100,000.

TEGRAL LIGHTING LIMITED (REGISTERED NUMBER: 07562015)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


12. RELATED PARTY DISCLOSURES

The following companies are related parties as they have directors in common with Tegral Lighting Limited: Integral Lighting Limited; and Galaxy Lichttechnik Vertriebs GmbH.

During the year, the company sold goods amounting to £289,303 (2020: £410,003) to Integral Lighting Limited, and purchased goods amounting to £541,657 (2020: £536,367) from Integral Lighting Limited.
Included in other creditors is an amount of £Nil (2020: £296,232) owed to Integral Lighting Limited.

During the year, the company sold goods amounting to £Nil (2020: £35,794) to Galaxy Lichttechnik Vertriebs GmbH, and purchased goods amounting to £Nil (2020: £Nil) from Galaxy Lichttechnik Vertriebs GmbH. Included in other creditors is an amount of £Nil (2020: £210) due to Galaxy Lichttechnik Vertriebs GmbH.

13. ULTIMATE CONTROLLING PARTY

The controlling party is Mr K Harris.