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Company Registration No. 10033331 (England and Wales)
Decorative Illumination Ltd Unaudited accounts for the year ended 28 February 2023
Decorative Illumination Ltd Unaudited accounts Contents
Page
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Decorative Illumination Ltd Company Information for the year ended 28 February 2023
Directors
Peter Varga Otilia Varga
Company Number
10033331 (England and Wales)
Registered Office
25 Masons Way Codmore Hill Pulborough West Sussex RH20 1DZ
Accountants
Richard Matthew Accountancy Ltd The Courtyard 30 Worthing Road Horsham West Sussex RH12 1SL
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Decorative Illumination Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,283 
1,961 
Current assets
Debtors
300 
1,750 
Cash at bank and in hand
14,714 
21,459 
15,014 
23,209 
Creditors: amounts falling due within one year
(9,786)
(9,571)
Net current assets
5,228 
13,638 
Total assets less current liabilities
8,511 
15,599 
Creditors: amounts falling due after more than one year
(8,437)
(11,150)
Net assets
74 
4,449 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
72 
4,447 
Shareholders' funds
74 
4,449 
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 November 2023 and were signed on its behalf by
Peter Varga Director Company Registration No. 10033331
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Decorative Illumination Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Decorative Illumination Ltd is a private company, limited by shares, registered in England and Wales, registration number 10033331. The registered office is 25 Masons Way, Codmore Hill, Pulborough, West Sussex, RH20 1DZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Computer equipment
1/3rd straight line
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
3,634 
1,855 
5,489 
Additions
1,051 
2,178 
3,229 
At 28 February 2023
4,685 
4,033 
8,718 
Depreciation
At 1 March 2022
2,431 
1,097 
3,528 
Charge for the year
563 
1,344 
1,907 
At 28 February 2023
2,994 
2,441 
5,435 
Net book value
At 28 February 2023
1,691 
1,592 
3,283 
At 28 February 2022
1,203 
758 
1,961 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
300 
1,750 
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Decorative Illumination Ltd Notes to the Accounts for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
233 
2,201 
Loans from directors
6,183 
5,165 
Accruals
3,370 
2,205 
9,786 
9,571 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
8,437 
11,150 
8
Average number of employees
During the year the average number of employees was 1 (2022: 2).
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