Company Registration No. SC558282 (Scotland)
Lumos Telecom Limited
Unaudited accounts
for the year ended 31 March 2024
Lumos Telecom Limited
Unaudited accounts
Contents
Lumos Telecom Limited
Company Information
for the year ended 31 March 2024
Company Number
SC558282 (Scotland)
Registered Office
WESTGATE HOUSE
SEEDHILL
PAISLEY
RENFREWSHIRE
PA1 1JE
SCOTLAND
Accountants
Carr Accounting
Westgate House
Seedhill
Paisley
Renfrewshire
PA1 1JE
Lumos Telecom Limited
Statement of financial position
as at 31 March 2024
Tangible assets
10,165
16,708
Debtors
2,706,249
1,140,059
Cash at bank and in hand
45,163
28,585
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
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
Lumos Telecom Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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
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
At 31 March 2024
10,165
-
10,165
At 31 March 2023
11,988
4,720
16,708
Lumos Telecom Limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
593,645
612,592
Amounts due from group undertakings etc.
683,587
519,738
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
268,562
229,866
Trade creditors
231,156
153,459
Taxes and social security
164,950
41,402
Other creditors
6,926
3,354
Loans from directors
393
-
7
Creditors: amounts falling due after more than one year
2024
2023
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).