BrightAccountsProduction v1.0.0 v1.0.0 2023-01-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company are the sale of lighting products over the internet, and of web-design. 30 April 2024 22 18 NI054872 2023-12-31 NI054872 2022-12-31 NI054872 2021-12-31 NI054872 2023-01-01 2023-12-31 NI054872 2022-01-01 2022-12-31 NI054872 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 NI054872 uk-curr:PoundSterling 2023-01-01 2023-12-31 NI054872 uk-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 NI054872 uk-bus:AbridgedAccounts 2023-01-01 2023-12-31 NI054872 uk-core:ShareCapital 2023-12-31 NI054872 uk-core:ShareCapital 2022-12-31 NI054872 uk-core:OtherReservesSubtotal 2023-12-31 NI054872 uk-core:OtherReservesSubtotal 2022-12-31 NI054872 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 NI054872 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 NI054872 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-12-31 NI054872 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-12-31 NI054872 uk-bus:FRS102 2023-01-01 2023-12-31 NI054872 uk-core:Land 2023-01-01 2023-12-31 NI054872 uk-core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 NI054872 uk-core:MotorVehicles 2023-01-01 2023-12-31 NI054872 uk-core:CustomerRelationships 2022-12-31 NI054872 uk-core:CustomerRelationships 2023-12-31 NI054872 uk-core:CustomerRelationships 2023-01-01 2023-12-31 NI054872 2023-01-01 2023-12-31 NI054872 uk-bus:Director1 2023-01-01 2023-12-31 NI054872 uk-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI054872
 
 
Lightingenterprises.com Limited
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 December 2023
Lightingenterprises.com Limited
Company Registration Number: NI054872
ABRIDGED STATEMENT OF FINANCIAL POSITION
as at 31 December 2023

2023 2022
Notes £ £
 
Non-Current Assets
Intangible assets 4 745,968 310,000
Property, plant and equipment 5 100,587 120,573
───────── ─────────
846,555 430,573
───────── ─────────
 
Current Assets
Stocks 330,755 347,075
Debtors 505,241 998,026
Cash and cash equivalents 755,509 400,829
───────── ─────────
1,591,505 1,745,930
───────── ─────────
Creditors: amounts falling due within one year (1,154,277) (1,106,313)
───────── ─────────
Net Current Assets 437,228 639,617
───────── ─────────
Total Assets less Current Liabilities 1,283,783 1,070,190
 
Creditors:
amounts falling due after more than one year (93,673) (165,250)
 
Provisions for liabilities (211,647) (107,644)
───────── ─────────
Net Assets 978,463 797,296
═════════ ═════════
 
Capital and Reserves
Called up share capital 1 1
Other reserves 1 1
Retained earnings 978,461 797,294
───────── ─────────
Equity attributable to owners of the company 978,463 797,296
═════════ ═════════
 
The financial statements have been prepared 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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Income Statement and Directors' Report.
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 30 April 2024 and signed on its behalf by
           
           
           
________________________________          
Mr. Richard Browbek          
Director          
           



Lightingenterprises.com Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 December 2023

   
1. General Information
 
Lighting Enterprises.com Limited is a private company limited by shares incorporated in United Kingdom, Registration number is NI054872. The principal place of business and the registered office  is 310 Newtownards Road, Belfast, Northern Ireland. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 December 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Revenue
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.
 
Intangible assets
 
Intangible assets
 
 
Intangible Assets are carried at fair value with movements recognised in within the profit and loss account.
 
Property, plant and equipment and depreciation
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:
 
  Long leasehold property - 10% Straight line
  Fixtures, fittings and equipment - 20% Reducing Balance
  Motor vehicles - 25% Reducing Balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing
Rentals payable under operating leases are dealt with in the Income Statement as incurred over the period of the rental agreement.
 
Stocks
Stocks are valued at the lower of cost and net realisable value.  Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items.  Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Government grants
Capital grants received and receivable are treated as deferred income and amortised to the Income Statement annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Income Statement when received.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 22, (2022 - 18).
 
  2023 2022
  Number Number
 
Employees 22 18
  ═════════ ═════════
       
4. Intangible assets
  Intangible  
  assets Total
  £ £
Cost
At 1 January 2023 310,000 310,000
  ───────── ─────────
 
At 31 December 2023 310,000 310,000
  ───────── ─────────
Amortisation
Charge for financial year (435,968) (435,968)
  ───────── ─────────
At 31 December 2023 (435,968) (435,968)
  ───────── ─────────
Net book value
At 31 December 2023 745,968 745,968
  ═════════ ═════════
At 31 December 2022 310,000 310,000
  ═════════ ═════════
           
5. Property, plant and equipment
  Long Fixtures, Motor Total
  leasehold fittings and vehicles  
  property equipment    
  £ £ £ £
Cost
At 1 January 2023 67,088 173,416 820 241,324
Additions - 2,353 20,995 23,348
Disposals - - (20,995) (20,995)
  ───────── ───────── ───────── ─────────
At 31 December 2023 67,088 175,769 820 243,677
  ───────── ───────── ───────── ─────────
Depreciation
At 1 January 2023 23,722 96,380 649 120,751
Charge for the financial year 6,709 15,605 1,600 23,914
On disposals - - (1,575) (1,575)
  ───────── ───────── ───────── ─────────
At 31 December 2023 30,431 111,985 674 143,090
  ───────── ───────── ───────── ─────────
Net book value
At 31 December 2023 36,657 63,784 146 100,587
  ═════════ ═════════ ═════════ ═════════
At 31 December 2022 43,366 77,036 171 120,573
  ═════════ ═════════ ═════════ ═════════
   
6. Events After the End of the Reporting Period
 
There have been no significant events affecting the company since the financial year-end.