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REGISTERED NUMBER: 08398179 (England and Wales)















European Lighting Agencies Ltd

Unaudited Financial Statements

for the Year Ended 28 February 2023






European Lighting Agencies Ltd (Registered number: 08398179)

Contents of the Financial Statements
for the Year Ended 28 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


European Lighting Agencies Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: D A Speight
A Speight





REGISTERED OFFICE: 4, Copriding Farm
Chimney Lane
Lepton
Huddersfield
West Yorkshire
HD8 0NL





REGISTERED NUMBER: 08398179 (England and Wales)





ACCOUNTANTS: Howard & Co. Accountants LLP
6 Market Street
Birstall
West Yorkshire
WF17 9EN

European Lighting Agencies Ltd (Registered number: 08398179)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,800 2,700
Tangible assets 5 1,533 1,803
3,333 4,503

CURRENT ASSETS
Debtors 6 483 26,415
Cash at bank - 5,132
483 31,547
CREDITORS
Amounts falling due within one year 7 34,041 48,855
NET CURRENT LIABILITIES (33,558 ) (17,308 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(30,225

)

(12,805

)

CREDITORS
Amounts falling due after more than one year 8 7,463 10,433
NET LIABILITIES (37,688 ) (23,238 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (37,788 ) (23,338 )
SHAREHOLDERS' FUNDS (37,688 ) (23,238 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

European Lighting Agencies Ltd (Registered number: 08398179)

Balance Sheet - continued
28 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2023 and were signed on its behalf by:





D A Speight - Director


European Lighting Agencies Ltd (Registered number: 08398179)

Notes to the Financial Statements
for the Year Ended 28 February 2023


1. STATUTORY INFORMATION

European Lighting Agencies 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, was estimated to have a remaining useful life of 10 years on 1 March 2015 on transition to Financial Reporting Standard 102 and is being amortised evenly over this period.

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.
Plant and machinery etc - 33% on cost and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 2 (2022 - 2 ) .

European Lighting Agencies Ltd (Registered number: 08398179)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 10,000
AMORTISATION
At 1 March 2022 7,300
Charge for year 900
At 28 February 2023 8,200
NET BOOK VALUE
At 28 February 2023 1,800
At 28 February 2022 2,700

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 7,980
DEPRECIATION
At 1 March 2022 6,177
Charge for year 270
At 28 February 2023 6,447
NET BOOK VALUE
At 28 February 2023 1,533
At 28 February 2022 1,803

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 483 1,267
Other debtors - 25,148
483 26,415

European Lighting Agencies Ltd (Registered number: 08398179)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,242 2,898
Taxation and social security 128 1,220
Other creditors 22,671 44,737
34,041 48,855

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 7,463 10,433

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2023 and 28 February 2022:

2023 2022
£    £   
D A Speight
Balance outstanding at start of year - 14,075
Amounts repaid - (14,075 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

A Speight
Balance outstanding at start of year - 14,074
Amounts repaid - (14,074 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Under the BBLS scheme the government provided a 100% guarantee. As at the balance sheet date, this represented a bank loan guarantee of £10,433 (2022: £13,331).

Included within creditors: amounts falling due within one year were loans from the directors of £20,923 (2022: £42,794). The loans were interest free, with no fixed date for repayment.