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REGISTERED NUMBER: 09504441 (England and Wales)















WORK LIGHTS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023






WORK LIGHTS LTD (REGISTERED NUMBER: 09504441)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


WORK LIGHTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTOR: Mr I Hampson-Jones





REGISTERED OFFICE: 8 St. Gowan Avenue
Cardiff
United Kingdom
CF14 4JX





REGISTERED NUMBER: 09504441 (England and Wales)





ACCOUNTANTS: Carston Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

WORK LIGHTS LTD (REGISTERED NUMBER: 09504441)

STATEMENT OF FINANCIAL POSITION
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 57,326 54,958
57,326 54,958

CURRENT ASSETS
Debtors 6 9,678 27,584
Cash at bank 31,150 4,115
40,828 31,699
CREDITORS
Amounts falling due within one year 7 29,042 29,495
NET CURRENT ASSETS 11,786 2,204
TOTAL ASSETS LESS CURRENT LIABILITIES 69,112 57,162

CREDITORS
Amounts falling due after more than one
year

8

11,267

15,433
NET ASSETS 57,845 41,729

CAPITAL AND RESERVES
Called up share capital 9 101 101
Retained earnings 57,744 41,628
SHAREHOLDERS' FUNDS 57,845 41,729

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

WORK LIGHTS LTD (REGISTERED NUMBER: 09504441)

STATEMENT OF FINANCIAL POSITION - continued
31ST MARCH 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5th October 2023 and were signed by:





Mr I Hampson-Jones - Director


WORK LIGHTS LTD (REGISTERED NUMBER: 09504441)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023


1. STATUTORY INFORMATION

Work Lights Ltd 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Furniture and fixtures - 25% straight line on cost
Motor vehicles - 20% straight line on cost
Computer equipment - 25% straight line on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

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 2 (2022 - 2 ) .

WORK LIGHTS LTD (REGISTERED NUMBER: 09504441)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2022
and 31st March 2023 11,000
AMORTISATION
At 1st April 2022
and 31st March 2023 11,000
NET BOOK VALUE
At 31st March 2023 -
At 31st March 2022 -

5. TANGIBLE FIXED ASSETS
Furniture
and Motor Computer
fixtures vehicles equipment Totals
£    £    £    £   
COST
At 1st April 2022 46,265 35,770 7,553 89,588
Additions 5,098 46,000 2,743 53,841
Disposals - (35,770 ) - (35,770 )
At 31st March 2023 51,363 46,000 10,296 107,659
DEPRECIATION
At 1st April 2022 21,422 7,154 6,054 34,630
Charge for year 12,361 9,200 1,296 22,857
Eliminated on disposal - (7,154 ) - (7,154 )
At 31st March 2023 33,783 9,200 7,350 50,333
NET BOOK VALUE
At 31st March 2023 17,580 36,800 2,946 57,326
At 31st March 2022 24,843 28,616 1,499 54,958

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 9,678 27,584

WORK LIGHTS LTD (REGISTERED NUMBER: 09504441)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,567 5,400
Taxation and social security 23,215 22,895
Other creditors 1,260 1,200
29,042 29,495

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 11,267 15,433

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary Shares 1 100 100
1 Ordinary B Shares 1 1 1
101 101