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Registration number: 11461765

E2 Contract Lighting Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2023

 

E2 Contract Lighting Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

E2 Contract Lighting Ltd

(Registration number: 11461765)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

1,407,000

1,407,000

Current assets

 

Cash at bank and in hand

 

63,914

44,000

Creditors: Amounts falling due within one year

5

(691,394)

(761,480)

Net current liabilities

 

(627,480)

(717,480)

Total assets less current liabilities

 

779,520

689,520

Creditors: Amounts falling due after more than one year

5

-

(90,000)

Net assets

 

779,520

599,520

Capital and reserves

 

Called up share capital

120

120

Profit and loss account

779,400

599,400

Shareholders' funds

 

779,520

599,520

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and Directors' Report has been taken.

Approved and authorised by the Board on 27 September 2023 and signed on its behalf by:
 

.........................................
Mr J Hunt
Director

 

E2 Contract Lighting Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
318 Hartshill Road
Stoke-On-Trent
Staffordshire
ST4 7NJ
UK

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

E2 Contract Lighting Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

4

Investments

2023
£

2022
£

Investments in subsidiaries

1,407,000

1,407,000

Subsidiaries

£

Cost or valuation

At 1 April 2022

1,407,000

Provision

Carrying amount

At 31 March 2023

1,407,000

At 31 March 2022

1,407,000

 

E2 Contract Lighting Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

42,809

37,597

Amounts owed to related parties

575,691

578,089

Other creditors

 

72,894

145,794

 

691,394

761,480

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Other creditors

-

90,000