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REGISTERED NUMBER: 05933778 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31st March 2024

for

Mike Harding Lighting Solutions Ltd.

Mike Harding Lighting Solutions Ltd. (Registered number: 05933778)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mike Harding Lighting Solutions Ltd.

Company Information
for the Year Ended 31st March 2024







DIRECTOR: M P Harding





REGISTERED OFFICE: 14 Church Street
Whitchurch
Hampshire
RG28 7AB





REGISTERED NUMBER: 05933778 (England and Wales)





ACCOUNTANTS: Wheeler & Co Ltd
Chartered Accountants
The Shrubbery
14 Church Street
Whitchurch
Hampshire
RG28 7AB

Mike Harding Lighting Solutions Ltd. (Registered number: 05933778)

Balance Sheet
31st March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 56,580 33,989
Investment property 5 187,804 187,804
244,384 221,793

CURRENT ASSETS
Debtors 6 79,616 123,583
Cash at bank and in hand 60,630 76,160
140,246 199,743
CREDITORS
Amounts falling due within one year 7 82,203 94,296
NET CURRENT ASSETS 58,043 105,447
TOTAL ASSETS LESS CURRENT
LIABILITIES

302,427

327,240

CREDITORS
Amounts falling due after more than one
year

8

(51,389

)

(64,907

)

PROVISIONS FOR LIABILITIES (14,150 ) (6,500 )
NET ASSETS 236,888 255,833

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 236,788 255,733
SHAREHOLDERS' FUNDS 236,888 255,833

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

Mike Harding Lighting Solutions Ltd. (Registered number: 05933778)

Balance Sheet - continued
31st March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15th August 2024 and were signed by:





M P Harding - Director


Mike Harding Lighting Solutions Ltd. (Registered number: 05933778)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

Mike Harding Lighting Solutions 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Mike Harding Lighting Solutions Ltd. (Registered number: 05933778)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023 89,706
Additions 55,450
Disposals (49,700 )
At 31st March 2024 95,456
DEPRECIATION
At 1st April 2023 55,717
Charge for year 12,714
Eliminated on disposal (29,555 )
At 31st March 2024 38,876
NET BOOK VALUE
At 31st March 2024 56,580
At 31st March 2023 33,989

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023
and 31st March 2024 187,804
NET BOOK VALUE
At 31st March 2024 187,804
At 31st March 2023 187,804

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 62,726 110,335
Other debtors 7,300 12,000
VAT 7,292 -
Prepayments and accrued income 2,298 1,248
79,616 123,583

Mike Harding Lighting Solutions Ltd. (Registered number: 05933778)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,000 26,600
Trade creditors 50,515 32,536
Tax 17,802 23,675
Social security and other taxes 3,236 4,212
VAT - 949
Directors' current accounts 404 99
Accrued expenses 246 6,225
82,203 94,296

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 12,500 22,500
Bank loans more 5 yr by instal 38,889 42,407
51,389 64,907

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 38,889 42,407

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2024 and 31st March 2023:

31.3.24 31.3.23
£    £   
M P Harding
Balance outstanding at start of year (99 ) (885 )
Amounts advanced - 786
Amounts repaid (305 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (404 ) (99 )

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £88,500 were paid to the director .