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REGISTERED NUMBER: 09230473 (England and Wales)














Easilume Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023






Easilume Limited (Registered number: 09230473)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3 to 4

Notes to the financial statements 5 to 8


Easilume Limited

Company Information
for the Year Ended 31 March 2023







Directors: C Lindsell
R Lindsell
S Lindsell
D Lindsell





Registered office: Unit 11
Kingsmead Station Road
Kings Cliffe
Peterborough
PE8 6YH





Registered number: 09230473 (England and Wales)





Accountants: Moore Thompson
27 Market Place
Market Deeping
Peterborough
Cambs
PE6 8EA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Easilume Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Easilume Limited for the year ended 31 March 2023 which comprise the Statement of income and retained earnings, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Easilume Limited, as a body, in accordance with the terms of our engagement letter dated 5 May 2020. Our work has been undertaken solely to prepare for your approval the financial statements of Easilume Limited and state those matters that we have agreed to state to the Board of Directors of Easilume Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Easilume Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Easilume Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Easilume Limited. You consider that Easilume Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Easilume Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
27 Market Place
Market Deeping
Peterborough
Cambs
PE6 8EA


18 October 2023

Easilume Limited (Registered number: 09230473)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 5 22,075 26,250
Tangible assets 6 11,055 4,895
33,130 31,145

Current assets
Stocks 50,925 56,282
Debtors 7 450,325 377,631
Cash at bank 17,621 120,347
518,871 554,260
Creditors
Amounts falling due within one year 8 197,420 269,129
Net current assets 321,451 285,131
Total assets less current liabilities 354,581 316,276

Creditors
Amounts falling due after more than one
year

9

(346,924

)

(351,567

)

Provisions for liabilities (1,614 ) -
Net assets/(liabilities) 6,043 (35,291 )

Capital and reserves
Called up share capital 10 100,000 100,000
Retained earnings (93,957 ) (135,291 )
Shareholders' funds 6,043 (35,291 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Easilume Limited (Registered number: 09230473)

Statement of Financial Position - continued
31 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 Board of Directors and authorised for issue on 17 October 2023 and were signed on its behalf by:





C Lindsell - Director


Easilume Limited (Registered number: 09230473)

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


1. Statutory information

Easilume 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A
These financial statements for the year ended 31 March 2023 are the first that are prepared in accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of transition to FRS 102 Section 1A is 1 April 2021.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

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.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold property improvements - Not depreciated
Plant and machinery - 20% on reducing balance
Equipment - 33% on reducing balance
Computer equipment - 33% 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.


Easilume Limited (Registered number: 09230473)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


3. Accounting policies - continued
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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. Employees and directors

The average number of employees during the year was 5 (2022 - 5 ) .

5. Intangible fixed assets
Other
intangible
Goodwill assets Totals
£    £    £   
Cost
At 1 April 2022 50,000 - 50,000
Additions - 900 900
At 31 March 2023 50,000 900 50,900
Amortisation
At 1 April 2022 23,750 - 23,750
Charge for year 5,000 75 5,075
At 31 March 2023 28,750 75 28,825
Net book value
At 31 March 2023 21,250 825 22,075
At 31 March 2022 26,250 - 26,250

Easilume Limited (Registered number: 09230473)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


6. Tangible fixed assets
Leasehold
property Plant and Computer
improvements machinery Equipment equipment Totals
£    £    £    £    £   
Cost
At 1 April 2022 - 1,100 475 9,679 11,254
Additions 4,600 104 1,102 2,992 8,798
Disposals - - - (1,130 ) (1,130 )
At 31 March 2023 4,600 1,204 1,577 11,541 18,922
Depreciation
At 1 April 2022 - 717 393 5,249 6,359
Charge for year - 97 146 2,261 2,504
Eliminated on disposal - - - (996 ) (996 )
At 31 March 2023 - 814 539 6,514 7,867
Net book value
At 31 March 2023 4,600 390 1,038 5,027 11,055
At 31 March 2022 - 383 82 4,430 4,895

7. Debtors
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 432,791 332,647
Deferred tax asset - 7,908
Prepayments 8,492 35,409
441,283 375,964

Amounts falling due after more than one year:
Other debtors 9,042 1,667

Aggregate amounts 450,325 377,631

8. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 127,450 166,168
Corporation tax 2,601 -
Social security and other taxes 7,547 8,258
VAT 41,297 31,121
Other creditors 5,115 -
Wages payable - 6,731
Accruals and deferred income 3,410 46,851
197,420 269,129

Easilume Limited (Registered number: 09230473)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


9. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans - 1-2 years 25,000 25,000
Bank loans - 2-5 years - 10,000
Directors' loan accounts 321,924 316,567
346,924 351,567

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
80 Ordinary 1 80 80
99,920 Other 1 99,920 99,920
100,000 100,000