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REGISTERED NUMBER: 05713873 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Lite Holdings Ltd

Lite Holdings Ltd (Registered number: 05713873)






Contents of the Financial Statements
for the year ended 31 July 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Lite Holdings Ltd

Company Information
for the year ended 31 July 2023







DIRECTORS: N R Graham
A P Taylor
S P Hainsworth





SECRETARY: N R Graham





REGISTERED OFFICE: Unit 2,Farrington Place
Rossendale Rd Industrial Estate
Burnley
Lancashire
BB11 5TY





REGISTERED NUMBER: 05713873 (England and Wales)





ACCOUNTANTS: Mayes Business Partnership Ltd
Chartered Certified Accountants
22-28 Willow Street
Accrington
Lancashire
BB5 1LP

Lite Holdings Ltd (Registered number: 05713873)

Abridged Balance Sheet
31 July 2023

31/7/23 31/7/22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 621,321 621,321

CURRENT ASSETS
Debtors 21,601 21,601
Cash at bank 73,566 107,334
95,167 128,935
CREDITORS
Amounts falling due within one year 565,481 601,687
NET CURRENT LIABILITIES (470,314 ) (472,752 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

151,007

148,569

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings 150,907 148,469
SHAREHOLDERS' FUNDS 151,007 148,569

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 28 November 2023 and were signed on its behalf by:




N R Graham - Director


Lite Holdings Ltd (Registered number: 05713873)

Notes to the Financial Statements
for the year ended 31 July 2023

1. STATUTORY INFORMATION

Lite Holdings 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.

The financial statements have been prepared on a going concern basis. The company has net current liabilities in the current and previous financial year. The company is reliant on the continued financial support of its subsidiary company. The directors are of the opinion that this support will be maintained. No adjustments have been made that may have been found necessary if any other basis of preparation had been used.

Financial instruments
Basic financial assets, including trade and other receivables, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 August 2022
and 31 July 2023 621,321
NET BOOK VALUE
At 31 July 2023 621,321
At 31 July 2022 621,321

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/7/23 31/7/22
value: £    £   
10,002 Ordinary 1p 100 100