1 April 2023 false No description of principal activity Taxfiler 2024.5 SC558282business:PrivateLimitedCompanyLtd2023-04-012024-03-31 SC5582822023-03-31 SC5582822023-04-012024-03-31 SC558282business:AuditExemptWithAccountantsReport2023-04-012024-03-31 SC558282business:FilletedAccounts2023-04-012024-03-31 SC5582822024-03-31 SC558282business:Director12023-04-012024-03-31 SC558282business:RegisteredOffice2023-04-012024-03-31 SC5582822023-03-31 SC558282core:WithinOneYear2024-03-31 SC558282core:WithinOneYear2023-03-31 SC558282core:AfterOneYear2024-03-31 SC558282core:AfterOneYear2023-03-31 SC558282core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 SC558282core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 SC558282core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 SC558282core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 SC558282core:PreviouslyStatedAmount2024-03-31 SC558282core:PreviouslyStatedAmount2023-03-31 SC558282business:SmallEntities2023-04-012024-03-31 SC558282countries:Scotland2023-04-012024-03-31 SC558282core:PlantMachinery2023-04-012024-03-31 SC558282core:MotorVehicles2023-04-012024-03-31 SC558282core:FurnitureFittings2023-04-012024-03-31 SC558282core:PlantMachinery2023-03-31 SC558282core:MotorVehicles2023-03-31 SC558282core:PlantMachinery2024-03-31 SC558282core:MotorVehicles2024-03-31 SC5582822022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. SC558282 (Scotland)
Lumos Telecom Limited Unaudited accounts for the year ended 31 March 2024
Lumos Telecom Limited Unaudited accounts Contents
Page
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Lumos Telecom Limited Company Information for the year ended 31 March 2024
Director
O'DONNELL, Paul
Company Number
SC558282 (Scotland)
Registered Office
WESTGATE HOUSE SEEDHILL PAISLEY RENFREWSHIRE PA1 1JE SCOTLAND
Accountants
Carr Accounting Westgate House Seedhill Paisley Renfrewshire PA1 1JE
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Lumos Telecom Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,165 
16,708 
Current assets
Debtors
2,706,249 
1,140,059 
Cash at bank and in hand
45,163 
28,585 
2,751,412 
1,168,644 
Creditors: amounts falling due within one year
(1,793,219)
(435,744)
Net current assets
958,193 
732,900 
Total assets less current liabilities
968,358 
749,608 
Creditors: amounts falling due after more than one year
(682)
(2,081)
Net assets
967,676 
747,527 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
967,674 
747,525 
Shareholders' funds
967,676 
747,527 
For the year ending 31 March 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 10 September 2024 and were signed on its behalf by
O'DONNELL, Paul Director Company Registration No. SC558282
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Lumos Telecom Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Lumos Telecom Limited is a private company, limited by shares, registered in Scotland, registration number SC558282. The registered office is WESTGATE HOUSE, SEEDHILL, PAISLEY, RENFREWSHIRE, PA1 1JE, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20%
Motor vehicles
20%
Fixtures & fittings
20%
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
21,212 
23,600 
44,812 
At 31 March 2024
21,212 
23,600 
44,812 
Depreciation
At 1 April 2023
9,224 
18,880 
28,104 
Charge for the year
1,823 
4,720 
6,543 
At 31 March 2024
11,047 
23,600 
34,647 
Net book value
At 31 March 2024
10,165 
- 
10,165 
At 31 March 2023
11,988 
4,720 
16,708 
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Lumos Telecom Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,429,017 
- 
Trade debtors
593,645 
612,592 
Amounts due from group undertakings etc.
683,587 
519,738 
Other debtors
- 
7,729 
2,706,249 
1,140,059 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
268,562 
229,866 
VAT
1,121,232 
7,663 
Trade creditors
231,156 
153,459 
Taxes and social security
164,950 
41,402 
Other creditors
6,926 
3,354 
Loans from directors
393 
- 
1,793,219 
435,744 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
682 
2,081 
8
Transactions with related parties
At the end of the financial year the company was owed a total of £28,474.56 from Lumos Electrical Limited which is a company also under the control of the Director. At the end of the year the company owed Orbus Traffic Management Ltd £17,000 which is a company also under the control of the Director. At the end of the financial year the company was owed a total of £10,161,96 from Wellhall Properties SPV Ltd which is a company under the control of the director.
9
Average number of employees
During the year the average number of employees was 18 (2023: 18).
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