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REGISTERED NUMBER: 10327333 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 SEPTEMBER 2023 TO 28 FEBRUARY 2024

FOR

LUMINOUS ENERGY (EF) LIMITED

LUMINOUS ENERGY (EF) LIMITED (REGISTERED NUMBER: 10327333)

CONTENTS OF THE FINANCIAL STATEMENTS
for the period 1 September 2023 to 28 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LUMINOUS ENERGY (EF) LIMITED

COMPANY INFORMATION
for the period 1 September 2023 to 28 February 2024







DIRECTORS: D K Bryson
J A Orchard-Lisle





REGISTERED OFFICE: Hartham Park
Hartham Lane
Corsham
Wiltshire
SN13 0RP





REGISTERED NUMBER: 10327333 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
16 Davy Court
Castle Mound Way
Rugby, CV23 0UZ
Magma Audit LLP is part
Of the Dains Group

LUMINOUS ENERGY (EF) LIMITED (REGISTERED NUMBER: 10327333)

BALANCE SHEET
28 February 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 20,000 20,000
Debtors 4 4,226 17,208
Cash at bank 15,750 95
39,976 37,303
CREDITORS
Amounts falling due within one year 5 (413,494 ) (166,047 )
NET CURRENT LIABILITIES (373,518 ) (128,744 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(373,518

)

(128,744

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (373,519 ) (128,745 )
(373,518 ) (128,744 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2024 and were signed on its behalf by:





J A Orchard-Lisle - Director


LUMINOUS ENERGY (EF) LIMITED (REGISTERED NUMBER: 10327333)

NOTES TO THE FINANCIAL STATEMENTS
for the period 1 September 2023 to 28 February 2024


1. STATUTORY INFORMATION

Luminous Energy (EF) Limited is a limited company, limited by shares, registered in England and Wales. Its registered office address is Hartham Park, Hartham Lane, Corsham, Wiltshire, SN13 0RP and the registered number is 10327333.

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.

The presentational currency of the financial statements is Pound sterling (£) and figures are rounding to the nearest £1.

Going concern
At the year end, the company had net current liabilities of £373,518 (2022: £128,744) and net liabilities of £373,518 (2022: £128,744)

The directors have considered the impact that this may have on the company and have prepared the financial statements on a going concern basis. They have confirmed that with the support of the group they are happy that the company will be able to meet its financial obligations as they fall due for at least the next twelve months.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Financial instruments
(i) Financial assets
Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.


LUMINOUS ENERGY (EF) LIMITED (REGISTERED NUMBER: 10327333)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 September 2023 to 28 February 2024


2. ACCOUNTING POLICIES - continued
Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a change attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 4,226 17,208

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 10,595 -
Amounts owed to group undertakings 401,499 166,047
Other creditors 1,400 -
413,494 166,047