REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD |
1ST JULY 2022 TO 31ST OCTOBER 2023 |
FOR |
LIGHTLOCK LIMITED |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD |
1ST JULY 2022 TO 31ST OCTOBER 2023 |
FOR |
LIGHTLOCK LIMITED |
LIGHTLOCK LIMITED (REGISTERED NUMBER: 06983275) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1ST JULY 2022 TO 31ST OCTOBER 2023 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
LIGHTLOCK LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 1ST JULY 2022 TO 31ST OCTOBER 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
47 Calthorpe Road |
Edgbaston |
BIRMINGHAM |
B15 1TH |
BANKERS: |
134 New Street |
BIRMINGHAM |
B2 4QZ |
INCORPORATED: |
LIGHTLOCK LIMITED (REGISTERED NUMBER: 06983275) |
ABRIDGED BALANCE SHEET |
31ST OCTOBER 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
PROVISIONS FOR LIABILITIES | 6 |
NET LIABILITIES | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
LIGHTLOCK LIMITED (REGISTERED NUMBER: 06983275) |
ABRIDGED BALANCE SHEET - continued |
31ST OCTOBER 2023 |
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. |
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 |
LIGHTLOCK LIMITED (REGISTERED NUMBER: 06983275) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1ST JULY 2022 TO 31ST OCTOBER 2023 |
1. | STATUTORY INFORMATION |
Lightlock Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Plant and machinery | - |
Stocks |
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost. |
Financial instruments |
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans from other third parties. |
Taxation |
Taxation for the period 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. |
LIGHTLOCK LIMITED (REGISTERED NUMBER: 06983275) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1ST JULY 2022 TO 31ST OCTOBER 2023 |
2. | ACCOUNTING POLICIES - continued |
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 period 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. |
Foreign currencies |
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. |
At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
Debtors |
Short term debtors are measured at transaction price, less any impairment. |
Creditors |
Short term trade creditors are measured at the transaction price. Other financial liabilities 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 period was NIL (2022 - NIL). |
LIGHTLOCK LIMITED (REGISTERED NUMBER: 06983275) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1ST JULY 2022 TO 31ST OCTOBER 2023 |
4. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1st July 2022 |
Disposals | ( |
) |
At 31st October 2023 |
AMORTISATION |
At 1st July 2022 |
Eliminated on disposal | ( |
) |
At 31st October 2023 |
NET BOOK VALUE |
At 31st October 2023 |
At 30th June 2022 |
5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1st July 2022 |
Disposals | ( |
) |
At 31st October 2023 |
DEPRECIATION |
At 1st July 2022 |
Charge for period |
Eliminated on disposal | ( |
) |
At 31st October 2023 |
NET BOOK VALUE |
At 31st October 2023 |
At 30th June 2022 |
LIGHTLOCK LIMITED (REGISTERED NUMBER: 06983275) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1ST JULY 2022 TO 31ST OCTOBER 2023 |
6. | PROVISIONS FOR LIABILITIES |
2023 | 2022 |
£ | £ |
Deferred tax | - | 189 |
Deferred |
tax |
£ |
Balance at 1st July 2022 |
Movement | (189 | ) |
Balance at 31st October 2023 |
Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated. |
Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date. |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | £1 | 1,000 | 1,000 |