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REGISTERED NUMBER: SC436722 (Scotland)















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Lighting Warehouse & Electrical Ltd

Lighting Warehouse & Electrical Ltd (Registered number: SC436722)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lighting Warehouse & Electrical Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: J R Bawa
R.K Bawa





REGISTERED OFFICE: Unit 3
37 Rosyth Road
Morris Park
Glasgow
G5 0YE





REGISTERED NUMBER: SC436722 (Scotland)





ACCOUNTANTS: KPP Glasgow South Ltd
Chartered Certified Accountants
Unit 3 , 37 Rosyth Road
Morris Park
Glasgow
G5 0YE

Lighting Warehouse & Electrical Ltd (Registered number: SC436722)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 186,159 218,637
Investments 5 195,513 145,513
381,672 364,150

CURRENT ASSETS
Stocks 6 3,330,000 2,672,909
Debtors 7 317,322 749,955
Cash at bank and in hand 345,270 373,635
3,992,592 3,796,499
CREDITORS
Amounts falling due within one year 8 1,852,277 1,595,667
NET CURRENT ASSETS 2,140,315 2,200,832
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,521,987

2,564,982

CREDITORS
Amounts falling due after more than one
year

9

570,141

932,017
NET ASSETS 1,951,846 1,632,965

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 1,951,746 1,632,865
SHAREHOLDERS' FUNDS 1,951,846 1,632,965

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.

Lighting Warehouse & Electrical Ltd (Registered number: SC436722)

Balance Sheet - continued
30 November 2023


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 5 July 2024 and were signed on its behalf by:





R.K Bawa - Director


Lighting Warehouse & Electrical Ltd (Registered number: SC436722)

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

1. STATUTORY INFORMATION

Lighting Warehouse & Electrical Ltd is a private company, limited by shares , registered in Scotland. 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 - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 24 (2022 - 22 ) .

Lighting Warehouse & Electrical Ltd (Registered number: SC436722)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 81,480 98,319 107,366 16,199 303,364
Additions 11,250 4,185 - 2,879 18,314
At 30 November 2023 92,730 102,504 107,366 19,078 321,678
DEPRECIATION
At 1 December 2022 39,339 30,359 8,269 6,760 84,727
Charge for year 13,348 10,822 24,774 1,848 50,792
At 30 November 2023 52,687 41,181 33,043 8,608 135,519
NET BOOK VALUE
At 30 November 2023 40,043 61,323 74,323 10,470 186,159
At 30 November 2022 42,141 67,960 99,097 9,439 218,637

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 December 2022 145,513
Additions 50,000
At 30 November 2023 195,513
NET BOOK VALUE
At 30 November 2023 195,513
At 30 November 2022 145,513

6. STOCKS
30.11.23 30.11.22
£    £   
Stocks 3,330,000 2,672,909

Lighting Warehouse & Electrical Ltd (Registered number: SC436722)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 294,295 596,855
Associated company - Lighting Warehouse
& Electrical (Edinburgh) Ltd

-

80,000
Loan - Le Monsieur Ltd 21,098 28,670
Staff loans - 2,500
Rental deposit - 40,216
Prepayments 1,929 1,714
317,322 749,955

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts 25,417 39,400
Trade creditors 1,324,219 1,089,327
Loan - Esme - 50,000
Associated company - BB Boards Ltd - 65,636
Credit card creditor 91,583 49,585
Tax 109,565 134,227
Social security and other taxes 121,538 81,768
VAT 150,339 56,118
Accrued expenses 29,616 29,606
1,852,277 1,595,667

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans (see note 10) 59,583 -
Other loans (see note 10) 477,913 873,955
Hire purchase contracts 32,645 58,062
570,141 932,017

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Loan - Shire Leasing 59,583 -

Lighting Warehouse & Electrical Ltd (Registered number: SC436722)

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

10. LOANS

An analysis of the maturity of loans is given below:

30.11.23 30.11.22
£    £   
Amounts falling due between two and five years:
Loans - Shire Leasing 75,037 351,356
Loan - Funding Circle 175,000 227,500
Loan - Federal Capital - 24,999
Loan - Nucleus Cash Flow 214,903 250,641
Loan - Shire Securities 12,973 19,459
477,913 873,955

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Loan - Shire Leasing 59,583 -

11. CALLED UP SHARE CAPITAL

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