Company Registration No. 09415131 (England and Wales)
CG Light Limited
Unaudited accounts
for the year ended 31 January 2024
CG Light Limited
Unaudited accounts
Contents
CG Light Limited
Company Information
for the year ended 31 January 2024
Company Number
09415131 (England and Wales)
Registered Office
6 Ravel Gardens
Aveley
South Ockendon
England
RM15 4NJ
CG Light Limited
Statement of financial position
as at 31 January 2024
Cash at bank and in hand
41
131
Creditors: amounts falling due within one year
(3,647)
(3,534)
Net current liabilities
(3,606)
(3,292)
Net liabilities
(3,606)
(3,292)
Called up share capital
100
100
Profit and loss account
(3,706)
(3,392)
Shareholders' funds
(3,606)
(3,292)
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 August 2024 and were signed on its behalf by
Bingze Li
Director
Company Registration No. 09415131
CG Light Limited
Notes to the Accounts
for the year ended 31 January 2024
CG Light Limited is a private company, limited by shares, registered in England and Wales, registration number 09415131. The registered office is 6 Ravel Gardens, Aveley, South Ockendon, England, RM15 4NJ.
2
Compliance with accounting standards
The financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
These financial statements have been prepared on the going concern basis, under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 (FRS102) "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The accounts are presented in £ sterling.
Turnover, which is stated net of value added tax, represents the invoiced amounts of goods and services sold to third parties. Turnover is attributable to the company's continuing principal activity.
Tangible fixed assets and depreciation
Assets with an economic life of more than one year and value greater than £1,000 are capitalised. Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is provided to write off the cost of fixed assets over their estimated useful lives on a straight-line basis at the following rate:
Computer and office equipment: 25 per cent of cost
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 the 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 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.
Deferred tax assets and liabilities are not discounted.
There were net current liabilities as at 31/01/2024. These financial statements have been prepared on a going concern basis, which is dependent upon the continued support of the director.
CG Light Limited
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Computer equipment
Amounts falling due after more than one year
Accrued income and prepayments
-
111
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
2,345
2,245
Loans from directors
1,202
1,189
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Transactions with related parties
The company was under the control of the director Bingze Li throughout the current and previous periods. As at 31/01/2024, the amount owed to Bingze Li was £1,202 (2023: £1,189).
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).