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REGISTERED NUMBER: 12077867 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Lumacon Limited

Lumacon Limited (Registered number: 12077867)






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


Lumacon Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: C M Giles





REGISTERED OFFICE: 1 Manor Court
6 Barnes Wallis Road
Fareham
Hampshire
PO15 5TH





REGISTERED NUMBER: 12077867 (England and Wales)





ACCOUNTANTS: Roches Chartered Accountants
1 Manor Court
6 Barnes Wallis Road
Segensworth
Fareham
Hampshire
PO15 5TH

Lumacon Limited (Registered number: 12077867)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,708 14,725
Tangible assets 5 207,865 60,629
218,573 75,354

CURRENT ASSETS
Stocks 27,500 36,947
Debtors 6 238,490 224,665
Cash at bank and in hand 277,726 96,075
543,716 357,687
CREDITORS
Amounts falling due within one year 7 367,439 264,936
NET CURRENT ASSETS 176,277 92,751
TOTAL ASSETS LESS CURRENT
LIABILITIES

394,850

168,105

CREDITORS
Amounts falling due after more than one
year

8

(99,356

)

(55,794

)

PROVISIONS FOR LIABILITIES (12,084 ) (5,768 )
NET ASSETS 283,410 106,543

CAPITAL AND RESERVES
Called up share capital 1,006 1,004
Retained earnings 282,404 105,539
SHAREHOLDERS' FUNDS 283,410 106,543

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 director acknowledges his 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.

Lumacon Limited (Registered number: 12077867)

Balance Sheet - continued
31 July 2023


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 director and authorised for issue on 26 January 2024 and were signed by:





C M Giles - Director


Lumacon Limited (Registered number: 12077867)

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

1. STATUTORY INFORMATION

Lumacon 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on reducing balance, 25% on cost and Over the term of the lease

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans to related parties.

Financial assets & financial liabilities are initially recognised at the transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. However, if the arrangement constitutes a financing transaction then it is measured at the present value of the future receipts discounted at a market rate of interest.

Financial assets & financial liabilities classified as receivable within one year are not amortised.

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.


Lumacon Limited (Registered number: 12077867)

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

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 14 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 20,084
AMORTISATION
At 1 August 2022 5,359
Amortisation for year 4,017
At 31 July 2023 9,376
NET BOOK VALUE
At 31 July 2023 10,708
At 31 July 2022 14,725

Lumacon Limited (Registered number: 12077867)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 82,015
Additions 172,404
At 31 July 2023 254,419
DEPRECIATION
At 1 August 2022 21,386
Charge for year 25,168
At 31 July 2023 46,554
NET BOOK VALUE
At 31 July 2023 207,865
At 31 July 2022 60,629

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 August 2022 33,266
Additions 77,680
At 31 July 2023 110,946
DEPRECIATION
At 1 August 2022 5,474
Charge for year 7,879
At 31 July 2023 13,353
NET BOOK VALUE
At 31 July 2023 97,593
At 31 July 2022 27,792

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 182,835 207,876
Other debtors 55,655 16,789
238,490 224,665

Lumacon Limited (Registered number: 12077867)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 9,999 10,000
Finance leases 13,233 3,775
Trade creditors 99,729 92,804
Taxation and social security 172,235 75,935
Other creditors 72,243 82,422
367,439 264,936

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 23,333 33,333
Finance leases 76,023 22,461
99,356 55,794

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Finance leases 89,256 26,236

The above lease finance is secured against the related asset.