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
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
Decorative Illumination Ltd
Statement of financial position
as at 28 February 2023
Tangible assets
3,283
1,961
Cash at bank and in hand
14,714
21,459
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)
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
Decorative Illumination Ltd
Notes to the Accounts
for the year ended 28 February 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 28 February 2023
1,691
1,592
3,283
At 28 February 2022
1,203
758
1,961
Amounts falling due within one year
Decorative Illumination Ltd
Notes to the Accounts
for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023
2022
Loans from directors
6,183
5,165
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 1 (2022: 2).