REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH SEPTEMBER 2023 |
FOR |
ST. ANNES LEADED LIGHT CO. LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH SEPTEMBER 2023 |
FOR |
ST. ANNES LEADED LIGHT CO. LIMITED |
ST. ANNES LEADED LIGHT CO. LIMITED (REGISTERED NUMBER: 00292622) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 30TH SEPTEMBER 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
ST. ANNES LEADED LIGHT CO. LIMITED |
COMPANY INFORMATION |
for the Year Ended 30TH SEPTEMBER 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
327 Clifton Drive South |
Lytham St Annes |
Lancashire |
FY8 1HN |
ST. ANNES LEADED LIGHT CO. LIMITED (REGISTERED NUMBER: 00292622) |
BALANCE SHEET |
30TH SEPTEMBER 2023 |
30/9/23 | 30/9/22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( | ) | ( | ) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 | 1,000 | 1,000 |
Profit & loss - |
non distributable | 10 | 31,773 | 34,573 |
Retained earnings | 10 | 25,511 | 34,650 |
SHAREHOLDERS' FUNDS | 58,284 | 70,223 |
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. |
ST. ANNES LEADED LIGHT CO. LIMITED (REGISTERED NUMBER: 00292622) |
BALANCE SHEET - continued |
30TH SEPTEMBER 2023 |
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 |
ST. ANNES LEADED LIGHT CO. LIMITED (REGISTERED NUMBER: 00292622) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 30TH SEPTEMBER 2023 |
1. | STATUTORY INFORMATION |
St. Annes Leaded Light Co. Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
The turnover shown in the profit and loss account represents the value of all goods sold and services provided during the year, less returns received, at selling price exclusive of Value Added Tax. Sales are recognised at the point at which the company has fulfilled its contractual obligations and the risks and rewards attaching to the product and service have been transfered to the customer. |
Tangible fixed assets |
Tangible fixed assets are stated at cost or valuation less depreciation provided at the following annual rates in order to write off each asset over its estimated useful life. |
Freehold property | - | 2% on cost |
Freehold land | - | not provided for |
Plant and machinery | - | 10% on reducing balance |
Storage plant and machinery | - | 10% on reducing balance |
Motor vehicles | - | 25% on reducing balance |
Computer equipment | - | 33% on cost |
On transition to FRS 102 Section 1A any revalued assets have been transfered at deemed cost. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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. |
ST. ANNES LEADED LIGHT CO. LIMITED (REGISTERED NUMBER: 00292622) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30TH SEPTEMBER 2023 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - |
4. | TANGIBLE FIXED ASSETS |
Storage |
Freehold | Plant and | plant & |
property | machinery | machinery |
£ | £ | £ |
COST OR VALUATION |
At 1st October 2022 |
and 30th September 2023 |
DEPRECIATION |
At 1st October 2022 |
Charge for year |
At 30th September 2023 |
NET BOOK VALUE |
At 30th September 2023 |
At 30th September 2022 |
Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
COST OR VALUATION |
At 1st October 2022 |
and 30th September 2023 |
DEPRECIATION |
At 1st October 2022 |
Charge for year |
At 30th September 2023 |
NET BOOK VALUE |
At 30th September 2023 |
At 30th September 2022 |
Included in cost or valuation of land and buildings is freehold land of £ 10,000 (2022 - £ 10,000 ) which is not depreciated. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/9/23 | 30/9/22 |
£ | £ |
Trade debtors |
Directors' current accounts | 8,785 | - |
Prepayments |
ST. ANNES LEADED LIGHT CO. LIMITED (REGISTERED NUMBER: 00292622) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30TH SEPTEMBER 2023 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/9/23 | 30/9/22 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Social security and other taxes |
VAT | 2,237 | 2,877 |
Directors' current accounts | 16,507 | 2,275 |
Accrued expenses |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30/9/23 | 30/9/22 |
£ | £ |
Bank loans - 1-2 years |
Bank loans - 2-5 years |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
30/9/23 | 30/9/22 |
£ | £ |
Bank overdrafts |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30/9/23 | 30/9/22 |
value: | £ | £ |
1,000 | Ordinary | £1 | 1,000 | 1,000 |
10. | RESERVES |
Profit & |
loss - |
Retained | non |
earnings | distributable | Totals |
£ | £ | £ |
At 1st October 2022 | 34,650 | 34,573 | 69,223 |
Deficit for the year | (11,939 | ) | (11,939 | ) |
Transfer | 2,800 | (2,800 | ) | - |
At 30th September 2023 | 25,511 | 31,773 | 57,284 |
ST. ANNES LEADED LIGHT CO. LIMITED (REGISTERED NUMBER: 00292622) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30TH SEPTEMBER 2023 |
11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to directors subsisted during the years ended 30th September 2023 and 30th September 2022: |
30/9/23 | 30/9/22 |
£ | £ |
Balance outstanding at start of year | ( | ) | ( | ) |
Amounts repaid | ( | ) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( | ) | ( | ) |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( | ) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
The loans are interest free and repayable on demand. |
12. | CONTROLLING PARTY |
The company is controlled by Mr B Rowlay and family by virtue of their holding of 100% of the ordinary issued share capital. |