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Company Registration No. 10498053 (England and Wales)
Lightburst Ltd Unaudited accounts for the year ended 31 March 2023
Lightburst Ltd Unaudited accounts Contents
Page
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Lightburst Ltd Company Information for the year ended 31 March 2023
Directors
Matthew Davies Neil Philips
Company Number
10498053 (England and Wales)
Registered Office
71-75 Shelton Street Covent Garden London WC2H 9JQ United Kingdom
Accountants
Jameson Accounting Services 87 Hillesden Avenue Elstow Bedford Bedfordshire MK42 9AJ
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Lightburst Ltd for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Lightburst Ltd for the year ended 31 March 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Lightburst Ltd, as a body, in accordance with the terms of our engagement letter dated 10 December 2017. Our work has been undertaken solely to prepare for your approval the accounts of Lightburst Ltd and state those matters that we have agreed to state to the Board of Directors of Lightburst Ltd, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lightburst Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Lightburst Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Lightburst Ltd. You consider that Lightburst Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Lightburst Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Jameson Accounting Services Chartered Accountants 87 Hillesden Avenue Elstow Bedford Bedfordshire MK42 9AJ 1 December 2023
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Lightburst Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,057 
2,662 
Current assets
Debtors
55,509 
66,626 
Cash at bank and in hand
41,819 
25,806 
97,328 
92,432 
Creditors: amounts falling due within one year
(88,224)
(60,507)
Net current assets
9,104 
31,925 
Net assets
11,161 
34,587 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
11,159 
34,585 
Shareholders' funds
11,161 
34,587 
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 directors acknowledge their 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 of Directors and authorised for issue on 1 December 2023 and were signed on its behalf by
Matthew Davies Director Company Registration No. 10498053
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Lightburst Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Lightburst Ltd is a private company, limited by shares, registered in England and Wales, registration number 10498053. The registered office is 71-75 Shelton Street, Covent Garden , London, WC2H 9JQ, United Kingdom.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
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
3 to 5 years
Fixtures & fittings
5 years
Computer equipment
4 years
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
611 
312 
4,079 
5,002 
Additions
- 
- 
416 
416 
At 31 March 2023
611 
312 
4,495 
5,418 
Depreciation
At 1 April 2022
584 
311 
1,445 
2,340 
Charge for the year
27 
- 
994 
1,021 
At 31 March 2023
611 
311 
2,439 
3,361 
Net book value
At 31 March 2023
- 
1 
2,056 
2,057 
At 31 March 2022
27 
1 
2,634 
2,662 
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Lightburst Ltd Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
55,008 
66,018 
Accrued income and prepayments
501 
608 
55,509 
66,626 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
21,393 
9,125 
Trade creditors
50,381 
41,729 
Taxes and social security
15,890 
7,878 
Other creditors
9 
- 
Accruals
551 
1,775 
88,224 
60,507 
7
Post balance sheet events
On 22 June 2023 the entire share capital of the Company was acquired by MSV Consultancy Ltd, a company incorporated in England and Wales, with a registered office address at Lower Riddings Farm, Denstone, Uttoxeter, ST14 5HW.
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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