IRIS Accounts Production v23.3.0.418 11755206 director 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh117552062022-03-31117552062023-03-31117552062022-04-012023-03-31117552062021-03-31117552062021-04-012022-03-31117552062022-03-3111755206ns10:Originalns15:EnglandWales2022-04-012023-03-3111755206ns14:PoundSterlingns10:Original2022-04-012023-03-3111755206ns10:Originalns10:Director12022-04-012023-03-3111755206ns10:Original2022-04-012023-03-3111755206ns10:Original2023-03-3111755206ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3111755206ns10:Originalns10:SmallEntities2022-04-012023-03-3111755206ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3111755206ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3111755206ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3111755206ns10:Originalns10:FullAccounts2022-04-012023-03-3111755206ns10:Originalns10:RegisteredOffice2022-04-012023-03-3111755206ns10:Original2022-03-3111755206ns10:Originalns5:CurrentFinancialInstruments2023-03-3111755206ns10:Originalns5:CurrentFinancialInstruments2022-03-3111755206ns5:ShareCapitalns10:Original2023-03-3111755206ns5:ShareCapitalns10:Original2022-03-3111755206ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3111755206ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3111755206ns10:Original2021-04-012022-03-3111755206ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3111755206ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3111755206ns10:Originalns5:CurrentFinancialInstruments2022-04-012023-03-31
REGISTERED NUMBER: 11755206 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

THE LIGHT HOUSE (WELLS) LTD

THE LIGHT HOUSE (WELLS) LTD (REGISTERED NUMBER: 11755206)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


THE LIGHT HOUSE (WELLS) LTD

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTOR: Mrs F C O Ewing





REGISTERED OFFICE: Langley House
Park Road
London
N2 8EY





REGISTERED NUMBER: 11755206 (England and Wales)





ACCOUNTANTS: Accura Accountants Ltd
Langley House
Park Road
East Finchley
London
N2 8EY

THE LIGHT HOUSE (WELLS) LTD (REGISTERED NUMBER: 11755206)

STATEMENT OF FINANCIAL POSITION
31 March 2023

31.3.23 31.3.22
Notes £    £   
CURRENT ASSETS
Stocks 16,577 19,933
Debtors 4 171 372
Cash at bank and in hand 25,988 22,297
42,736 42,602
CREDITORS
Amounts falling due within one year 5 22,061 5,517
NET CURRENT ASSETS 20,675 37,085
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,675

37,085

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 20,575 36,985
20,675 37,085

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 director acknowledges her 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.

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 director and authorised for issue on 23 November 2023 and were signed by:





Mrs F C O Ewing - Director


THE LIGHT HOUSE (WELLS) LTD (REGISTERED NUMBER: 11755206)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

The Light House (Wells) 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 consideration received or receivable excluding discounts and rebates for the goods sold in the normal course of business.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instruments 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, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

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 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.

THE LIGHT HOUSE (WELLS) LTD (REGISTERED NUMBER: 11755206)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Impairment of assets
A review of indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversals at each reporting date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 171 372

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 1,333 308
Taxation and social security 1,768 4,309
Other creditors 18,960 900
22,061 5,517

Included within other creditors are accrued expenses of £960 (2022: £900).