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REGISTERED NUMBER: 12199855 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

LUMEN ELECTRICAL CONTRACTORS LIMITED

LUMEN ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 12199855)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LUMEN ELECTRICAL CONTRACTORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: A J Lloyd





REGISTERED OFFICE: 132 Wisbech Road
Peterborough
PE6 0SE





REGISTERED NUMBER: 12199855 (England and Wales)





ACCOUNTANTS: TC Group
4 Office Village
Forder Way
Cygnet Park, Hampton
Peterborough
Cambridgeshire
PE7 8GX

LUMEN ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 12199855)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,129 28,286

CURRENT ASSETS
Debtors 5 27,582 26,067
Cash at bank 172,305 86,574
199,887 112,641
CREDITORS
Amounts falling due within one year 6 105,170 68,694
NET CURRENT ASSETS 94,717 43,947
TOTAL ASSETS LESS CURRENT LIABILITIES 130,846 72,233

CREDITORS
Amounts falling due after more than one
year

7

(3,440

)

(6,760

)

PROVISIONS FOR LIABILITIES 8 (9,032 ) (5,374 )
NET ASSETS 118,374 60,099

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 118,373 60,098
SHAREHOLDERS' FUNDS 118,374 60,099

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

LUMEN ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 12199855)

BALANCE SHEET - continued
30 SEPTEMBER 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 20 February 2024 and were signed by:





A J Lloyd - Director


LUMEN ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 12199855)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

Lumen Electrical Contractors Limited is a private company, limited by shares , registered in England and Wales. 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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

No significant judgements (apart from those involving estimations) have been made by management in the process of applying the entity's accounting policies and preparing these financial statements.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There have been no key assumptions or there sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

At each balance sheet date assets not carried at fair value are assessed to determine whether there is an indication that the asset may be impaired. If there is such an indication the recoverable amount of the asset is compared to the carrying amount of the asset.

Financial instruments
The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost.

Financial liabilities - trade creditors, accruals and other creditors and basic financial instruments and are measured at amortised cost. Taxation and social security and not included in the financial instruments disclosure definition.


LUMEN ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 12199855)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Debtors
Short term debtors are initially measured at transaction price less attributable costs and then subsequently measured at amortised costs using EIR. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are initially measured at transaction price less attributable costs. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

LUMEN ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 12199855)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2022 1,844 - 42,060 4,696 48,600
Additions - 621 13,695 6,719 21,035
At 30 September 2023 1,844 621 55,755 11,415 69,635
DEPRECIATION
At 1 October 2022 1,267 - 15,903 3,144 20,314
Charge for year 461 155 9,963 2,613 13,192
At 30 September 2023 1,728 155 25,866 5,757 33,506
NET BOOK VALUE
At 30 September 2023 116 466 29,889 5,658 36,129
At 30 September 2022 577 - 26,157 1,552 28,286

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2022
and 30 September 2023 25,275
DEPRECIATION
At 1 October 2022 6,714
Charge for year 4,640
At 30 September 2023 11,354
NET BOOK VALUE
At 30 September 2023 13,921
At 30 September 2022 18,561

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 23,888 24,007
Prepayments 3,694 2,060
27,582 26,067

LUMEN ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 12199855)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 4,219 4,219
Trade creditors 12,462 9,772
Corporation tax 30,059 17,216
Social security and other taxes 3,069 447
VAT 29,911 19,546
Other creditors 13,717 7,571
Pension Control Account 108 -
Directors' current accounts 10,165 8,553
Accrued expenses 1,460 1,370
105,170 68,694

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 3,440 6,760

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 9,032 5,374

Deferred
tax
£   
Balance at 1 October 2022 5,374
Provided during year 3,658
Balance at 30 September 2023 9,032

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

10. RESERVES
Retained
earnings
£   

At 1 October 2022 60,098
Profit for the year 101,275
Dividends (43,000 )
At 30 September 2023 118,373

LUMEN ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 12199855)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at the year end, the company owed the director £10,165 (2022 - £8,552). This loan is unsecured, interest free and repayable on demand.

12. ULTIMATE CONTROLLING PARTY

The controlling party is A J Lloyd.