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REGISTERED NUMBER: 01515526 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

FANTASTIC LIGHTING LIMITED

FANTASTIC LIGHTING LIMITED (REGISTERED NUMBER: 01515526)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FANTASTIC LIGHTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Mrs A L Darmoo
Mr A Darmoo
Mr P Darmoo
Mr A Y Darmoo





SECRETARY: Mr A Y Darmoo





REGISTERED OFFICE: 4 Kennet Road
Crayford
Kent
DA1 4QN





REGISTERED NUMBER: 01515526 (England and Wales)





ACCOUNTANTS: Bayar Hughes & Co
Chartered Certified Accountants
4 Green Lane Business Park
238 Green lane
New Eltham
London
SE9 3TL

FANTASTIC LIGHTING LIMITED (REGISTERED NUMBER: 01515526)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 751,043 751,557

CURRENT ASSETS
Stocks 133,193 136,640
Debtors 5 18,121 50,688
Cash at bank 17 5,002
151,331 192,330
CREDITORS
Amounts falling due within one year 6 67,122 53,221
NET CURRENT ASSETS 84,209 139,109
TOTAL ASSETS LESS CURRENT
LIABILITIES

835,252

890,666

CREDITORS
Amounts falling due after more than one
year

7

162,928

175,902
NET ASSETS 672,324 714,764

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Revaluation reserve 8 704,825 704,825
Retained earnings (52,501 ) (10,061 )
SHAREHOLDERS' FUNDS 672,324 714,764

FANTASTIC LIGHTING LIMITED (REGISTERED NUMBER: 01515526)

BALANCE SHEET - continued
31 JULY 2023


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

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

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 19 September 2023 and were signed on its behalf by:





Mr P Darmoo - Director


FANTASTIC LIGHTING LIMITED (REGISTERED NUMBER: 01515526)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Fantastic Lighting 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 15% 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

FANTASTIC LIGHTING LIMITED (REGISTERED NUMBER: 01515526)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 August 2022
and 31 July 2023 750,000 66,539 816,539
DEPRECIATION
At 1 August 2022 - 64,982 64,982
Charge for year - 514 514
At 31 July 2023 - 65,496 65,496
NET BOOK VALUE
At 31 July 2023 750,000 1,043 751,043
At 31 July 2022 750,000 1,557 751,557

The Freehold Property is shown at valuation and was valued on an open market basis on 23 October, 2019 by an external valuer.

If the Freehold Property had not been revalued, it would have been included at the historical cost of £89,442, (2022: £89,442).

Cost or valuation at 31 July 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 1988 156,481 - 156,481
Valuation in 2003 34,077 - 34,077
Valuation in 2006 30,000 - 30,000
Valuation in 2020 440,000 - 440,000
Cost 89,442 66,539 155,981
750,000 66,539 816,539

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 12,103 24,760
Other debtors 6,018 25,928
18,121 50,688

FANTASTIC LIGHTING LIMITED (REGISTERED NUMBER: 01515526)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank Loans and Overdrafts 38,831 23,307
Trade creditors 2,888 7,691
Taxation and social security 12,939 12,490
Other creditors 12,464 9,733
67,122 53,221

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 162,928 175,902

8. RESERVES
Revaluation
reserve
£   
At 1 August 2022
and 31 July 2023 704,825