Caseware UK (AP4) 2022.0.179 2022.0.179 2022-11-302022-11-30false2021-12-01No description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09366172 2021-12-01 2022-11-30 09366172 2020-12-01 2021-11-30 09366172 2022-11-30 09366172 2021-11-30 09366172 c:Director1 2021-12-01 2022-11-30 09366172 d:PlantMachinery 2021-12-01 2022-11-30 09366172 d:OtherPropertyPlantEquipment 2022-11-30 09366172 d:OtherPropertyPlantEquipment 2021-11-30 09366172 d:CurrentFinancialInstruments 2022-11-30 09366172 d:CurrentFinancialInstruments 2021-11-30 09366172 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 09366172 d:CurrentFinancialInstruments d:WithinOneYear 2021-11-30 09366172 d:ShareCapital 2022-11-30 09366172 d:ShareCapital 2021-11-30 09366172 d:RetainedEarningsAccumulatedLosses 2022-11-30 09366172 d:RetainedEarningsAccumulatedLosses 2021-11-30 09366172 c:OrdinaryShareClass1 2021-12-01 2022-11-30 09366172 c:OrdinaryShareClass1 2022-11-30 09366172 c:OrdinaryShareClass1 2021-11-30 09366172 c:OrdinaryShareClass2 2021-12-01 2022-11-30 09366172 c:OrdinaryShareClass2 2022-11-30 09366172 c:OrdinaryShareClass2 2021-11-30 09366172 c:FRS102 2021-12-01 2022-11-30 09366172 c:AuditExempt-NoAccountantsReport 2021-12-01 2022-11-30 09366172 c:FullAccounts 2021-12-01 2022-11-30 09366172 c:PrivateLimitedCompanyLtd 2021-12-01 2022-11-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09366172









OPTI-LIGHTING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2022

 
OPTI-LIGHTING LIMITED
REGISTERED NUMBER: 09366172

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2022

2022
2021 (As restated)
Note
£
£

  

Current assets
  

Stocks
  
129,457
155,975

Debtors: amounts falling due within one year
 5 
308,938
302,945

Cash at bank and in hand
  
84,435
49,318

  
522,830
508,238

Creditors: amounts falling due within one year
 6 
(88,291)
(77,986)

Net current assets
  
 
 
434,539
 
 
430,252

Total assets less current liabilities
  
434,539
430,252

  

Net assets
  
434,539
430,252


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
434,339
430,052

  
434,539
430,252

Page 1

 
OPTI-LIGHTING LIMITED
REGISTERED NUMBER: 09366172
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2022

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 November 2023.




R A Stitcher
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
OPTI-LIGHTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

1.


General information

Opti-Lighting Limited is a company limited by shares, incorporated in England and Wales. Its registered office is 38 Cromwell Road, Optikinetics, Luton, Bedfordshire, LU3 1DN.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover comprises revenue recognised by the company in respect of sales of lighting equipment during the year.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
OPTI-LIGHTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

  
2.7

Functional and presentation currency

Items included in the financial statements of the Company are measured using the currency of the
primary economic environment in which the Company operates (the "functional currency").
The  functional  currency  of  the  Company  and  the  currency  in  which  the  financial  statements are presented (the "presentational currency") is 'Pounds Sterling' (£) rounded to the nearest single unit of currency.

 
2.8

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.10

Creditors

Short term creditors are measured at the transaction price.
Page 4

 
OPTI-LIGHTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

2.Accounting policies (continued)

 
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2021 - 1).


4.


Tangible fixed assets





Other fixed assets

£



Cost or valuation


At 1 December 2021
2,099



At 30 November 2022

2,099



Depreciation


At 1 December 2021
2,099



At 30 November 2022

2,099



Net book value



At 30 November 2022
-



At 30 November 2021
-

Page 5

 
OPTI-LIGHTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

5.


Debtors

2022
2021 (As restated)
£
£


Amounts owed by group undertakings
308,738
302,745

Other debtors
200
200

308,938
302,945



6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Corporation tax
82,491
72,236

Accruals and deferred income
5,800
5,750

88,291
77,986



7.


Share capital

2022
2021 (As restated)
£
£
Allotted, called up and fully paid



185 (2021 - 185) Ordinary A shares of £1.00 each
185
185
15 (2021 - 15) Ordinary B shares of £1.00 each
15
15

200

200


On 1 December 2018 there was an issue of 94 ordinary class A shares and 5 ordinary class B shares, at par value. 
On 7 April 2021 there was an issue of 90 ordinary class A shares and 10 ordinary class B shares, at par value. 


8.


Prior year adjustment

The comparative figures for share capital and other debtors have been restated to reflect an issue of share capital. There have been no changes to the profit or loss account as a result of the restatement.

Page 6

 
OPTI-LIGHTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

9.


Related party transactions

The company is exempt from disclosing other related party transactions as they are with companies that are wholly owed within the group.


10.


Controlling party

The ultimate controlling party is Principle Capital Limited.
 
Page 7