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REGISTERED NUMBER: 02335636 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Lumisphere Products Ltd.

Lumisphere Products Ltd. (Registered number: 02335636)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Lumisphere Products Ltd.

Company Information
for the Year Ended 31 March 2023







DIRECTORS: A G Davies
Mrs J R Davies
B C Davies





SECRETARY: Mrs J R Davies





REGISTERED OFFICE: 2 Hallgarth
Pickering
North Yorkshire
YO18 7AW





REGISTERED NUMBER: 02335636 (England and Wales)





ACCOUNTANTS: Hallgarth Accountants Ltd
2 Hallgarth
Pickering
North Yorkshire
YO18 7AW

Lumisphere Products Ltd. (Registered number: 02335636)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 86,239 49,165
86,239 49,165

CURRENT ASSETS
Stocks 282,000 231,000
Debtors 6 70,111 82,350
Cash at bank and in hand 877,787 704,887
1,229,898 1,018,237
CREDITORS
Amounts falling due within one year 7 143,744 53,271
NET CURRENT ASSETS 1,086,154 964,966
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,172,393

1,014,131

PROVISIONS FOR LIABILITIES 7,919 856
NET ASSETS 1,164,474 1,013,275

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,164,374 1,013,175
SHAREHOLDERS' FUNDS 1,164,474 1,013,275

Lumisphere Products Ltd. (Registered number: 02335636)

Balance Sheet - continued
31 March 2023


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.

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 3 August 2023 and were signed on its behalf by:





A G Davies - Director


Lumisphere Products Ltd. (Registered number: 02335636)

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

1. STATUTORY INFORMATION

Lumisphere Products 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.

Intangible assets
Patents and licences are fully amortised.

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 - 20% on cost
Fixtures and fittings - 20% on cost
Office Equipment - 20% on cost

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 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 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.

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.

Lumisphere Products Ltd. (Registered number: 02335636)

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

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022
and 31 March 2023 12,000
AMORTISATION
At 1 April 2022
and 31 March 2023 12,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Office
property machinery fittings Equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 44,117 160,090 7,087 11,448 222,742
Additions - 41,681 - 616 42,297
At 31 March 2023 44,117 201,771 7,087 12,064 265,039
DEPRECIATION
At 1 April 2022 - 157,392 6,483 9,702 173,577
Charge for year - 4,245 302 676 5,223
At 31 March 2023 - 161,637 6,785 10,378 178,800
NET BOOK VALUE
At 31 March 2023 44,117 40,134 302 1,686 86,239
At 31 March 2022 44,117 2,698 604 1,746 49,165

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 44,015 50,965
Other debtors 26,096 31,385
70,111 82,350

Lumisphere Products Ltd. (Registered number: 02335636)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Payments on account 72,216 -
Trade creditors 18,867 3,036
Taxation and social security 33,277 32,669
Other creditors 19,384 17,566
143,744 53,271

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.23 31.3.22
£    £   
Within one year 18,302 17,485

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Lumisphere Products Ltd.

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 Balance Sheet. 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 Lumisphere Products Ltd. for the year ended 31 March 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 Lumisphere Products Ltd., as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lumisphere Products Ltd. and state those matters that we have agreed to state to the Board of Directors of Lumisphere Products Ltd., 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 Lumisphere Products Ltd. and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Lumisphere Products Ltd. 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 Lumisphere Products Ltd.. You consider that Lumisphere Products Ltd. 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 Lumisphere Products Ltd.. 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.






Hallgarth Accountants Ltd
2 Hallgarth
Pickering
North Yorkshire
YO18 7AW


3 August 2023