2022-12-012023-11-302023-11-30false13741199LIGHT ALDER LTD2024-08-30iso4217:GBPxbrli:pure137411992022-12-01137411992023-11-30137411992022-12-012023-11-30137411992021-11-12137411992022-11-30137411992021-11-122022-11-3013741199bus:SmallEntities2022-12-012023-11-3013741199bus:AuditExempt-NoAccountantsReport2022-12-012023-11-3013741199bus:FullAccounts2022-12-012023-11-3013741199bus:PrivateLimitedCompanyLtd2022-12-012023-11-3013741199core:WithinOneYear2023-11-3013741199core:AfterOneYear2023-11-3013741199core:WithinOneYear2022-11-3013741199core:AfterOneYear2022-11-3013741199core:ShareCapital2023-11-3013741199core:SharePremium2023-11-3013741199core:RevaluationReserve2023-11-3013741199core:OtherReservesSubtotal2023-11-3013741199core:RetainedEarningsAccumulatedLosses2023-11-3013741199core:ShareCapital2022-11-3013741199core:SharePremium2022-11-3013741199core:RevaluationReserve2022-11-3013741199core:OtherReservesSubtotal2022-11-3013741199core:RetainedEarningsAccumulatedLosses2022-11-3013741199core:LandBuildings2023-11-3013741199core:PlantMachinery2023-11-3013741199core:Vehicles2023-11-3013741199core:FurnitureFittings2023-11-3013741199core:OfficeEquipment2023-11-3013741199core:NetGoodwill2023-11-3013741199core:IntangibleAssetsOtherThanGoodwill2023-11-3013741199core:ListedExchangeTraded2023-11-3013741199core:UnlistedNon-exchangeTraded2023-11-3013741199core:LandBuildings2022-11-3013741199core:PlantMachinery2022-11-3013741199core:Vehicles2022-11-3013741199core:FurnitureFittings2022-11-3013741199core:OfficeEquipment2022-11-3013741199core:NetGoodwill2022-11-3013741199core:IntangibleAssetsOtherThanGoodwill2022-11-3013741199core:ListedExchangeTraded2022-11-3013741199core:UnlistedNon-exchangeTraded2022-11-3013741199core:LandBuildings2022-12-012023-11-3013741199core:PlantMachinery2022-12-012023-11-3013741199core:Vehicles2022-12-012023-11-3013741199core:FurnitureFittings2022-12-012023-11-3013741199core:OfficeEquipment2022-12-012023-11-3013741199core:NetGoodwill2022-12-012023-11-3013741199core:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-3013741199core:ListedExchangeTraded2022-12-012023-11-3013741199core:UnlistedNon-exchangeTraded2022-12-012023-11-3013741199core:MoreThanFiveYears2022-12-012023-11-3013741199core:Non-currentFinancialInstruments2023-11-3013741199core:Non-currentFinancialInstruments2022-11-3013741199dpl:CostSales2022-12-012023-11-3013741199dpl:DistributionCosts2022-12-012023-11-3013741199core:LandBuildings2022-12-012023-11-3013741199core:PlantMachinery2022-12-012023-11-3013741199core:Vehicles2022-12-012023-11-3013741199core:FurnitureFittings2022-12-012023-11-3013741199core:OfficeEquipment2022-12-012023-11-3013741199dpl:AdministrativeExpenses2022-12-012023-11-3013741199core:NetGoodwill2022-12-012023-11-3013741199core:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-3013741199dpl:GroupUndertakings2022-12-012023-11-3013741199dpl:ParticipatingInterests2022-12-012023-11-3013741199dpl:GroupUndertakingscore:ListedExchangeTraded2022-12-012023-11-3013741199core:ListedExchangeTraded2022-12-012023-11-3013741199dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-12-012023-11-3013741199core:UnlistedNon-exchangeTraded2022-12-012023-11-3013741199dpl:CostSales2021-11-122022-11-3013741199dpl:DistributionCosts2021-11-122022-11-3013741199core:LandBuildings2021-11-122022-11-3013741199core:PlantMachinery2021-11-122022-11-3013741199core:Vehicles2021-11-122022-11-3013741199core:FurnitureFittings2021-11-122022-11-3013741199core:OfficeEquipment2021-11-122022-11-3013741199dpl:AdministrativeExpenses2021-11-122022-11-3013741199core:NetGoodwill2021-11-122022-11-3013741199core:IntangibleAssetsOtherThanGoodwill2021-11-122022-11-3013741199dpl:GroupUndertakings2021-11-122022-11-3013741199dpl:ParticipatingInterests2021-11-122022-11-3013741199dpl:GroupUndertakingscore:ListedExchangeTraded2021-11-122022-11-3013741199core:ListedExchangeTraded2021-11-122022-11-3013741199dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-11-122022-11-3013741199core:UnlistedNon-exchangeTraded2021-11-122022-11-3013741199core:NetGoodwill2023-11-3013741199core:IntangibleAssetsOtherThanGoodwill2023-11-3013741199core:LandBuildings2023-11-3013741199core:PlantMachinery2023-11-3013741199core:Vehicles2023-11-3013741199core:FurnitureFittings2023-11-3013741199core:OfficeEquipment2023-11-3013741199core:AfterOneYear2023-11-3013741199core:WithinOneYear2023-11-3013741199core:ListedExchangeTraded2023-11-3013741199core:UnlistedNon-exchangeTraded2023-11-3013741199core:ShareCapital2023-11-3013741199core:SharePremium2023-11-3013741199core:RevaluationReserve2023-11-3013741199core:OtherReservesSubtotal2023-11-3013741199core:RetainedEarningsAccumulatedLosses2023-11-3013741199core:NetGoodwill2022-11-3013741199core:IntangibleAssetsOtherThanGoodwill2022-11-3013741199core:LandBuildings2022-11-3013741199core:PlantMachinery2022-11-3013741199core:Vehicles2022-11-3013741199core:FurnitureFittings2022-11-3013741199core:OfficeEquipment2022-11-3013741199core:AfterOneYear2022-11-3013741199core:WithinOneYear2022-11-3013741199core:ListedExchangeTraded2022-11-3013741199core:UnlistedNon-exchangeTraded2022-11-3013741199core:ShareCapital2022-11-3013741199core:SharePremium2022-11-3013741199core:RevaluationReserve2022-11-3013741199core:OtherReservesSubtotal2022-11-3013741199core:RetainedEarningsAccumulatedLosses2022-11-3013741199core:NetGoodwill2021-11-1213741199core:IntangibleAssetsOtherThanGoodwill2021-11-1213741199core:LandBuildings2021-11-1213741199core:PlantMachinery2021-11-1213741199core:Vehicles2021-11-1213741199core:FurnitureFittings2021-11-1213741199core:OfficeEquipment2021-11-1213741199core:AfterOneYear2021-11-1213741199core:WithinOneYear2021-11-1213741199core:ListedExchangeTraded2021-11-1213741199core:UnlistedNon-exchangeTraded2021-11-1213741199core:ShareCapital2021-11-1213741199core:SharePremium2021-11-1213741199core:RevaluationReserve2021-11-1213741199core:OtherReservesSubtotal2021-11-1213741199core:RetainedEarningsAccumulatedLosses2021-11-1213741199core:AfterOneYear2022-12-012023-11-3013741199core:WithinOneYear2022-12-012023-11-3013741199core:Non-currentFinancialInstrumentscore:CostValuation2022-12-012023-11-3013741199core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-12-012023-11-3013741199core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-12-012023-11-3013741199core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-12-012023-11-3013741199core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-12-012023-11-3013741199core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-12-012023-11-3013741199core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-12-012023-11-3013741199core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-12-012023-11-3013741199core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-12-012023-11-3013741199core:Non-currentFinancialInstrumentscore:CostValuation2023-11-3013741199core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-11-3013741199core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-11-3013741199core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-11-3013741199core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-11-3013741199core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-11-3013741199core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-11-3013741199core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-11-3013741199core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-11-3013741199core:Non-currentFinancialInstrumentscore:CostValuation2022-11-3013741199core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-11-3013741199core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-11-3013741199core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-11-3013741199core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-11-3013741199core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-11-3013741199core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-11-3013741199core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-11-3013741199core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-11-3013741199bus:Director12022-12-012023-11-30

LIGHT ALDER LTD

Registered Number
13741199
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2023

LIGHT ALDER LTD
Company Information
for the year from 1 December 2022 to 30 November 2023

Director

LIGHTOWLER, Benjamin Ryan

Registered Address

54 Eliotts Drive
Yeovil
BA21 3NW

Registered Number

13741199 (England and Wales)
LIGHT ALDER LTD
Balance Sheet as at
30 November 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets342,6143,041
42,6143,041
Current assets
Stocks4151,892106,084
Debtors5,920364
Cash at bank and on hand39,58751,225
197,399157,673
Creditors amounts falling due within one year5(56,505)(111,502)
Net current assets (liabilities)140,89446,171
Total assets less current liabilities183,50849,212
Creditors amounts falling due after one year6(100,117)-
Provisions for liabilities7(790)-
Net assets82,60149,212
Capital and reserves
Called up share capital11
Profit and loss account82,60049,211
Shareholders' funds82,60149,212
The financial statements were approved and authorised for issue by the Director on 30 August 2024, and are signed on its behalf by:
LIGHTOWLER, Benjamin Ryan
Director
Registered Company No. 13741199
LIGHT ALDER LTD
Notes to the Financial Statements
for the year ended 30 November 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
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.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Revenue from rendering of services
Revenue 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.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20232022
Average number of employees during the year11
3.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 December 228,428-1,2809,708
Additions3838,4931,79040,321
At 30 November 238,46638,4933,07050,029
Depreciation and impairment
At 01 December 225,884-7836,667
Charge for year292-456748
At 30 November 236,176-1,2397,415
Net book value
At 30 November 232,29038,4931,83142,614
At 30 November 222,544-4973,041
4.Stocks

2023

2022

££
Other stocks151,892106,084
Total151,892106,084
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables13-
Bank borrowings and overdrafts47,93897,642
Taxation and social security8,55413,860
Total56,505111,502
6.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts100,117-
Total100,117-
7.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)790-
Total790-
8.Share capital
Share capital is made up of: Allotted, Called Up & Fully Paid - 1 share / £1.00 (2022: 1 share / £1.00)