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REGISTERED NUMBER: 13895030 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

LUMOS P.V. POWER SYSTEMS LIMITED

LUMOS P.V. POWER SYSTEMS LIMITED (REGISTERED NUMBER: 13895030)






Contents of the Financial Statements
for the year ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LUMOS P.V. POWER SYSTEMS LIMITED

Company Information
for the year ended 29 February 2024







DIRECTORS: M Terry
J T Wadeson





REGISTERED OFFICE: 9 Worton Park
Cassington
Oxfordshire
OX29 4SX





REGISTERED NUMBER: 13895030 (England and Wales)





ACCOUNTANTS: Camerons Accountancy Consultants Limited
Chartered Accountants
9 Worton Park
Cassington
Witney
Oxfordshire
OX29 4SX

LUMOS P.V. POWER SYSTEMS LIMITED (REGISTERED NUMBER: 13895030)

Balance Sheet
29 February 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 20,000 50,000
Debtors 4 137,460 131,009
Cash at bank and in hand 148,215 84,045
305,675 265,054
CREDITORS
Amounts falling due within one year 5 153,772 173,370
NET CURRENT ASSETS 151,903 91,684
TOTAL ASSETS LESS CURRENT
LIABILITIES

151,903

91,684

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 151,803 91,584
151,903 91,684

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors and authorised for issue on 3 April 2024 and were signed on its behalf by:




M Terry - Director



J T Wadeson - Director


LUMOS P.V. POWER SYSTEMS LIMITED (REGISTERED NUMBER: 13895030)

Notes to the Financial Statements
for the year ended 29 February 2024

1. STATUTORY INFORMATION

Lumos P.V. Power Systems 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 126,098 97,612
Other debtors 11,362 33,397
137,460 131,009

LUMOS P.V. POWER SYSTEMS LIMITED (REGISTERED NUMBER: 13895030)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 36,357 82,115
Taxation and social security 23,003 22,497
Other creditors 94,412 68,758
153,772 173,370

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 7,200 7,200
Between one and five years 3,600 10,800
10,800 18,000

7. RELATED PARTY DISCLOSURES

Lumos P.V. Power Systems Limited received loans from two related parties in the year. The amounts outstanding as at 28th February 2024 totalled £34,519 (2023 - £65,662).

The loans are interest free and repayable on demand and are shown within Other Creditors.