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Registered number: 04454520
Radium Lamps (UK) Limited
Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04454520
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 92,110 47,061
92,110 47,061
CURRENT ASSETS
Stocks 5 60,218 115,467
Debtors 6 326,603 256,182
Cash at bank and in hand 105,275 86,424
492,096 458,073
Creditors: Amounts Falling Due Within One Year 7 (411,922 ) (373,219 )
NET CURRENT ASSETS (LIABILITIES) 80,174 84,854
TOTAL ASSETS LESS CURRENT LIABILITIES 172,284 131,915
Creditors: Amounts Falling Due After More Than One Year 8 (37,404 ) (46,350 )
PROVISIONS FOR LIABILITIES
Provisions For Charges (15,000 ) (15,000 )
Deferred Taxation (13,240 ) (4,145 )
NET ASSETS 106,640 66,420
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Profit and Loss Account 105,640 65,420
SHAREHOLDERS' FUNDS 106,640 66,420
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For the year ending 30 November 2023 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr A M Wood
Director
26 August 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Radium Lamps (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04454520 . The registered office is Unit A7 Enterprise Park, Newark, Nottinghamshire, NG24 2DZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10% straight line
Plant & Machinery 15% straight line
Motor Vehicles 25% reducing balance
Fixtures & Fittings 10% straight line
Computer Equipment 33% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
3 3
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 December 2022 5,840 9,592 62,995 46,925
Additions - - 74,450 266
As at 30 November 2023 5,840 9,592 137,445 47,191
Depreciation
As at 1 December 2022 5,840 9,592 32,060 34,340
Provided during the period - - 26,346 2,058
As at 30 November 2023 5,840 9,592 58,406 36,398
Net Book Value
As at 30 November 2023 - - 79,039 10,793
As at 1 December 2022 - - 30,935 12,585
Computer Equipment Total
£ £
Cost
As at 1 December 2022 34,810 160,162
Additions 1,316 76,032
As at 30 November 2023 36,126 236,194
Depreciation
As at 1 December 2022 31,269 113,101
Provided during the period 2,579 30,983
As at 30 November 2023 33,848 144,084
Net Book Value
As at 30 November 2023 2,278 92,110
As at 1 December 2022 3,541 47,061
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Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2023 2022
£ £
Motor Vehicles 7,434 9,912
5. Stocks
2023 2022
£ £
Finished goods 60,218 115,467
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 323,978 253,947
Other debtors 2,625 2,235
326,603 256,182
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 2,358 2,358
Trade creditors 252,851 268,449
Bank loans and overdrafts 24,278 5,080
Other creditors 98,901 55,909
Taxation and social security 33,534 41,423
411,922 373,219
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 5,525 9,003
Bank loans 31,879 37,347
37,404 46,350
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 2,358 2,358
Later than one year and not later than five years 5,525 9,003
7,883 11,361
7,883 11,361
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10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
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