IRIS Accounts Production v24.1.9.2 13005605 Board of Directors 1.12.22 30.11.23 30.11.23 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh130056052022-11-30130056052023-11-30130056052022-12-012023-11-30130056052021-11-30130056052021-12-012022-11-30130056052022-11-3013005605ns15:EnglandWales2022-12-012023-11-3013005605ns14:PoundSterling2022-12-012023-11-3013005605ns10:Director12022-12-012023-11-3013005605ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3013005605ns10:SmallEntities2022-12-012023-11-3013005605ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3013005605ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3013005605ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3013005605ns10:FullAccounts2022-12-012023-11-301300560512022-12-012023-11-3013005605ns10:OrdinaryShareClass12022-12-012023-11-3013005605ns10:Director22022-12-012023-11-3013005605ns10:RegisteredOffice2022-12-012023-11-3013005605ns5:CurrentFinancialInstruments2023-11-3013005605ns5:CurrentFinancialInstruments2022-11-3013005605ns5:ShareCapital2023-11-3013005605ns5:ShareCapital2022-11-3013005605ns5:RetainedEarningsAccumulatedLosses2023-11-3013005605ns5:RetainedEarningsAccumulatedLosses2022-11-3013005605ns5:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-3013005605ns5:PatentsTrademarksLicencesConcessionsSimilar2022-12-012023-11-3013005605ns5:LeaseholdImprovements2022-12-012023-11-3013005605ns5:PlantMachinery2022-12-012023-11-3013005605ns5:FurnitureFittings2022-12-012023-11-3013005605ns5:MotorVehicles2022-12-012023-11-3013005605ns5:ComputerEquipment2022-12-012023-11-3013005605ns5:IntangibleAssetsOtherThanGoodwill2023-11-3013005605ns5:LeaseholdImprovements2022-11-3013005605ns5:PlantMachinery2022-11-3013005605ns5:FurnitureFittings2022-11-3013005605ns5:LeaseholdImprovements2023-11-3013005605ns5:PlantMachinery2023-11-3013005605ns5:FurnitureFittings2023-11-3013005605ns5:LeaseholdImprovements2022-11-3013005605ns5:PlantMachinery2022-11-3013005605ns5:FurnitureFittings2022-11-3013005605ns5:MotorVehicles2022-11-3013005605ns5:ComputerEquipment2022-11-3013005605ns5:MotorVehicles2023-11-3013005605ns5:ComputerEquipment2023-11-3013005605ns5:MotorVehicles2022-11-3013005605ns5:ComputerEquipment2022-11-3013005605ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3013005605ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3013005605ns10:OrdinaryShareClass12023-11-3013005605ns5:RetainedEarningsAccumulatedLosses2022-11-3013005605ns5:RetainedEarningsAccumulatedLosses2022-12-012023-11-30
REGISTERED NUMBER: 13005605 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Lumi Therapy Ltd

Lumi Therapy Ltd (Registered number: 13005605)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Lumi Therapy Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: G M Teague
C A Vincent





REGISTERED OFFICE: The Dutch Barn
Matford Barton
12 Dawlish Road
Exeter
EX2 8XW





REGISTERED NUMBER: 13005605 (England and Wales)





ACCOUNTANTS: ARC & Co. Accountants Limited
Northfield House
Shurdington Road
Bentham
Cheltenham
Gloucestershire
GL51 4UA

Lumi Therapy Ltd (Registered number: 13005605)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,401 -
Tangible assets 5 135,408 10,266
144,809 10,266

CURRENT ASSETS
Stocks 6 1,518,410 132,003
Debtors 7 218,733 43,115
Cash at bank 568,930 149,704
2,306,073 324,822
CREDITORS
Amounts falling due within one year 8 2,181,596 242,016
NET CURRENT ASSETS 124,477 82,806
TOTAL ASSETS LESS CURRENT
LIABILITIES

269,286

93,072

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 269,186 92,972
SHAREHOLDERS' FUNDS 269,286 93,072

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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 31 July 2024 and were signed on its behalf by:




C A Vincent - Director


Lumi Therapy Ltd (Registered number: 13005605)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Lumi Therapy Ltd 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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 10 years
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - straight line over 3 years

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.

Lumi Therapy Ltd (Registered number: 13005605)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

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 18 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 11,751
At 30 November 2023 11,751
AMORTISATION
Charge for year 2,350
At 30 November 2023 2,350
NET BOOK VALUE
At 30 November 2023 9,401

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 December 2022 - 3,298 1,221
Additions 49,564 20,833 26,226
At 30 November 2023 49,564 24,131 27,447
DEPRECIATION
At 1 December 2022 - 1,409 282
Charge for year 7,435 5,550 5,489
At 30 November 2023 7,435 6,959 5,771
NET BOOK VALUE
At 30 November 2023 42,129 17,172 21,676
At 30 November 2022 - 1,889 939

Lumi Therapy Ltd (Registered number: 13005605)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2022 8,750 548 13,817
Additions 37,000 28,319 161,942
At 30 November 2023 45,750 28,867 175,759
DEPRECIATION
At 1 December 2022 1,750 110 3,551
Charge for year 8,800 9,526 36,800
At 30 November 2023 10,550 9,636 40,351
NET BOOK VALUE
At 30 November 2023 35,200 19,231 135,408
At 30 November 2022 7,000 438 10,266

6. STOCKS
30.11.23 30.11.22
£    £   
Stocks 1,518,410 132,003

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 12,299 1,592
Other debtors 30,000 840
VAT deposit - 12,000
Directors' current accounts 976 -
Prepayments 175,458 28,683
218,733 43,115

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 931,114 -
Other loans 28,945 31,650
Trade creditors 93,382 3,150
Tax 77,639 17,169
Social security and other taxes 21,571 -
VAT 925,786 17,923
Loans - 45,000
Directors' current accounts 1,306 110,595
Accrued expenses 101,853 16,529
2,181,596 242,016

Lumi Therapy Ltd (Registered number: 13005605)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 December 2022 92,972
Profit for the year 317,254
Dividends (141,040 )
At 30 November 2023 269,186