1 April 2022 false No description of principal activity Taxfiler 2023.10 13349501business:PrivateLimitedCompanyLtd2022-04-012023-03-31 133495012022-03-31 133495012022-04-012023-03-31 13349501business:AuditExemptWithAccountantsReport2022-04-012023-03-31 13349501business:FilletedAccounts2022-04-012023-03-31 133495012023-03-31 13349501business:Director12022-04-012023-03-31 13349501business:RegisteredOffice2022-04-012023-03-31 133495012022-03-31 13349501core:WithinOneYear2023-03-31 13349501core:WithinOneYear2022-03-31 13349501core:AfterOneYear2023-03-31 13349501core:AfterOneYear2022-03-31 13349501core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 13349501core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 13349501core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 13349501core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 13349501core:PreviouslyStatedAmount2023-03-31 13349501core:PreviouslyStatedAmount2022-03-31 13349501business:SmallEntities2022-04-012023-03-31 13349501countries:EnglandWales2022-04-012023-03-31 13349501core:PlantMachinery2022-04-012023-03-31 13349501core:MotorVehicles2022-04-012023-03-31 13349501core:ComputerEquipment2022-04-012023-03-31 13349501core:PlantMachinery2022-03-31 13349501core:MotorVehicles2022-03-31 13349501core:ComputerEquipment2022-03-31 13349501core:PlantMachinery2023-03-31 13349501core:MotorVehicles2023-03-31 13349501core:ComputerEquipment2023-03-31 133495012021-04-212022-03-31 iso4217:GBP xbrli:pure
Company Registration No. 13349501 (England and Wales)
Lightcom Networks Ltd Unaudited accounts for the year ended 31 March 2023
Lightcom Networks Ltd Unaudited accounts Contents
Page
- 2 -
Lightcom Networks Ltd Company Information for the year ended 31 March 2023
Director
Mr J Herriott
Company Number
13349501 (England and Wales)
Registered Office
20-22 Wenlock Road London N1 7GU England
- 3 -
Lightcom Networks Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
213,782 
- 
Current assets
Debtors
306,301 
73,030 
Cash at bank and in hand
636,265 
43,875 
942,566 
116,905 
Creditors: amounts falling due within one year
(376,032)
(44,442)
Net current assets
566,534 
72,463 
Total assets less current liabilities
780,316 
72,463 
Creditors: amounts falling due after more than one year
(26,804)
- 
Net assets
753,512 
72,463 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
753,412 
72,363 
Shareholders' funds
753,512 
72,463 
For the year ending 31 March 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 director acknowledges his 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 and authorised for issue on 1 March 2024 and were signed on its behalf by
Mr J Herriott Director Company Registration No. 13349501
- 4 -
Lightcom Networks Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Lightcom Networks Ltd is a private company, limited by shares, registered in England and Wales, registration number 13349501. The registered office is 20-22 Wenlock Road, London, N1 7GU, England.
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
These financial statements for the year ended 31 March 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 21 April 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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
- 6 years
Motor vehicles
- 6 years
Computer equipment
- 6 years
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
- 
- 
- 
- 
Additions
72,667 
178,621 
5,251 
256,539 
At 31 March 2023
72,667 
178,621 
5,251 
256,539 
Depreciation
Charge for the year
12,112 
29,770 
875 
42,757 
At 31 March 2023
12,112 
29,770 
875 
42,757 
Net book value
At 31 March 2023
60,555 
148,851 
4,376 
213,782 
- 5 -
Lightcom Networks Ltd Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
62,688 
73,030 
Other debtors
243,613 
- 
306,301 
73,030 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
4,106 
- 
Trade creditors
106,334 
1,184 
Taxes and social security
150,997 
37,780 
Other creditors
- 
3,790 
Loans from directors
113,675 
838 
Accruals
920 
850 
376,032 
44,442 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
26,804 
- 
8
Average number of employees
During the year the average number of employees was 4 (2022: 0).
- 6 -