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REGISTERED NUMBER: 02464165





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

TORNADO LIGHTING & DESIGN LIMITED

TORNADO LIGHTING & DESIGN LIMITED (REGISTERED NUMBER: 02464165)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TORNADO LIGHTING & DESIGN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: J D Fox





SECRETARY: Mrs A J Fox





REGISTERED OFFICE: 2 Stable Yard
Danemere Street
London
SW15 1LT





REGISTERED NUMBER: 02464165





ACCOUNTANTS: John A Hyde & Co
Lyndale House
24A High Street
Addlestone
Surrey
KT15 1TN

TORNADO LIGHTING & DESIGN LIMITED (REGISTERED NUMBER: 02464165)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 51,012 55,789
51,012 55,789

CURRENT ASSETS
Debtors 6 52,107 61,687
Cash at bank and in hand 105,544 75,079
157,651 136,766
CREDITORS
Amounts falling due within one year 7 38,188 54,890
NET CURRENT ASSETS 119,463 81,876
TOTAL ASSETS LESS CURRENT
LIABILITIES

170,475

137,665

CREDITORS
Amounts falling due after more than one
year

8

25,709

33,203
NET ASSETS 144,766 104,462

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 144,666 104,362
144,766 104,462

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

TORNADO LIGHTING & DESIGN LIMITED (REGISTERED NUMBER: 02464165)

BALANCE SHEET - continued
31 MARCH 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 14 March 2024 and were signed by:





J D Fox - Director


TORNADO LIGHTING & DESIGN LIMITED (REGISTERED NUMBER: 02464165)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Tornado Lighting & Design Limited is a private company, limited by shares , registered in Not specified/Other. 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.

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.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance

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.

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.

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 4 (2022 - 4 ) .

TORNADO LIGHTING & DESIGN LIMITED (REGISTERED NUMBER: 02464165)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022 90,000
Disposals (90,000 )
At 31 March 2023 -
AMORTISATION
At 1 April 2022 90,000
Eliminated on disposal (90,000 )
At 31 March 2023 -
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 43,600 38,408 82,008
Additions - 566 566
At 31 March 2023 43,600 38,974 82,574
DEPRECIATION
At 1 April 2022 5,130 21,089 26,219
Charge for year 872 4,471 5,343
At 31 March 2023 6,002 25,560 31,562
NET BOOK VALUE
At 31 March 2023 37,598 13,414 51,012
At 31 March 2022 38,470 17,319 55,789

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 50,707 60,287
Other debtors 1,400 1,400
52,107 61,687

TORNADO LIGHTING & DESIGN LIMITED (REGISTERED NUMBER: 02464165)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 4,098 18,903
Taxation and social security 31,467 32,093
Other creditors 2,623 3,894
38,188 54,890

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 25,709 33,203