Photon Lighting Design Ltd 11140825 false 2022-11-01 2023-12-31 2023-12-31 The principal activity of the company is that of lighting and sound services. The company ceased trading on 31 December 2023 and the director is to apply to have the company struck off. Digita Accounts Production Advanced 6.30.9574.0 true true 11140825 2022-11-01 2023-12-31 11140825 2023-12-31 11140825 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-12-31 11140825 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-12-31 11140825 core:CurrentFinancialInstruments 2023-12-31 11140825 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 11140825 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 11140825 core:FurnitureFittingsToolsEquipment 2023-12-31 11140825 core:MotorVehicles 2023-12-31 11140825 bus:SmallEntities 2022-11-01 2023-12-31 11140825 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-12-31 11140825 bus:FilletedAccounts 2022-11-01 2023-12-31 11140825 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-12-31 11140825 bus:RegisteredOffice 2022-11-01 2023-12-31 11140825 bus:Director1 2022-11-01 2023-12-31 11140825 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-12-31 11140825 core:ComputerEquipment 2022-11-01 2023-12-31 11140825 core:FurnitureFittingsToolsEquipment 2022-11-01 2023-12-31 11140825 core:MotorVehicles 2022-11-01 2023-12-31 11140825 core:PlantMachinery 2022-11-01 2023-12-31 11140825 countries:UnitedKingdom 2022-11-01 2023-12-31 11140825 2022-10-31 11140825 core:FurnitureFittingsToolsEquipment 2022-10-31 11140825 core:MotorVehicles 2022-10-31 11140825 2021-11-01 2022-10-31 11140825 2022-10-31 11140825 core:HirePurchaseContracts core:CurrentFinancialInstruments 2022-10-31 11140825 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2022-10-31 11140825 core:CurrentFinancialInstruments 2022-10-31 11140825 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 11140825 core:Non-currentFinancialInstruments core:AfterOneYear 2022-10-31 11140825 core:FurnitureFittingsToolsEquipment 2022-10-31 11140825 core:MotorVehicles 2022-10-31 iso4217:GBP xbrli:pure

Registration number: 11140825

Photon Lighting Design Ltd

Annual Report and Unaudited Financial Statements

for the Period from 1 November 2022 to 31 December 2023

 

Photon Lighting Design Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Photon Lighting Design Ltd

(Registration number: 11140825)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

-

35,831

Current assets

 

Debtors

5

-

4,896

Cash at bank and in hand

 

8,290

7,910

 

8,290

12,806

Creditors: Amounts falling due within one year

6

(7,806)

(9,393)

Net current assets

 

484

3,413

Total assets less current liabilities

 

484

39,244

Creditors: Amounts falling due after more than one year

6

-

(17,461)

Provisions for liabilities

-

(6,808)

Net assets

 

484

14,975

Capital and reserves

 

Called up share capital

2

1

Retained earnings

482

14,974

Shareholders' funds

 

484

14,975

For the financial period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Photon Lighting Design Ltd

(Registration number: 11140825)
Balance Sheet as at 31 December 2023

Approved and authorised by the director on 22 March 2024
 

.........................................
W J Peachment
Director

 

Photon Lighting Design Ltd

Notes to the Unaudited Financial Statements for the Period from 1 November 2022 to 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
7a King Street
Frome
Somerset
BA11 1BH

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Photon Lighting Design Ltd

Notes to the Unaudited Financial Statements for the Period from 1 November 2022 to 31 December 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

25% on cost

Plant and machinery

25% on reducing balance

Motor vehicle

25% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Photon Lighting Design Ltd

Notes to the Unaudited Financial Statements for the Period from 1 November 2022 to 31 December 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2022 - 1).

 

Photon Lighting Design Ltd

Notes to the Unaudited Financial Statements for the Period from 1 November 2022 to 31 December 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 November 2022

38,449

30,415

68,864

Disposals

(38,449)

(30,415)

(68,864)

At 31 December 2023

-

-

-

Depreciation

At 1 November 2022

19,726

13,307

33,033

Eliminated on disposal

(19,726)

(13,307)

(33,033)

At 31 December 2023

-

-

-

Net book value

At 31 December 2023

-

-

-

At 31 October 2022

18,723

17,108

35,831

5

Debtors

2023
£

2022
£

Trade debtors

-

4,896

-

4,896

6

Creditors

Amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Bank loans and overdrafts

7

-

3,267

Taxation and social security

 

2,108

1,915

Other creditors

 

611

2,173

Corporation tax

 

5,087

2,038

 

7,806

9,393

 

Photon Lighting Design Ltd

Notes to the Unaudited Financial Statements for the Period from 1 November 2022 to 31 December 2023

Amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

-

17,461

7

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Hire purchase contracts

-

17,461

Current loans and borrowings

2023
£

2022
£

Hire purchase contracts

-

3,267