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REGISTERED NUMBER: 05641912 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

GLOBAL LIGHTING SOLUTIONS LIMITED

GLOBAL LIGHTING SOLUTIONS LIMITED (REGISTERED NUMBER: 05641912)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GLOBAL LIGHTING SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: P J Eccles
I G Greenway





SECRETARY: Mrs J M Greenway





REGISTERED OFFICE: Greenthorn Hillhouse Lane
Brindle
Chorley
Lancashire
PR6 8NR





REGISTERED NUMBER: 05641912 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
PRESTON
Lancashire
PR2 2YH

GLOBAL LIGHTING SOLUTIONS LIMITED (REGISTERED NUMBER: 05641912)

BALANCE SHEET
31 JANUARY 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 369,740 383,615

CURRENT ASSETS
Debtors 5 100,034 139,099
Cash at bank 55,174 52,374
155,208 191,473
CREDITORS
Amounts falling due within one year 6 106,263 122,781
NET CURRENT ASSETS 48,945 68,692
TOTAL ASSETS LESS CURRENT
LIABILITIES

418,685

452,307

CREDITORS
Amounts falling due after more than one
year

7

-

(8,333

)

PROVISIONS FOR LIABILITIES (87,409 ) (72,889 )
NET ASSETS 331,276 371,085

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 330,776 370,585
331,276 371,085

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

GLOBAL LIGHTING SOLUTIONS LIMITED (REGISTERED NUMBER: 05641912)

BALANCE SHEET - continued
31 JANUARY 2024


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 18 April 2024 and were signed on its behalf by:




P J Eccles - Director



I G Greenway - Director


GLOBAL LIGHTING SOLUTIONS LIMITED (REGISTERED NUMBER: 05641912)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Global Lighting Solutions Limited is a private company, limited by shares , registered in England and Wales. 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
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the value of each asset over its expected useful life, as follows:


Plant and machinery- 20% on cost
Motor vehicles- 25% on cost
Computer equipment- 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The directors believes that the company has sufficient trade and financial resources to continue in operational existence for the foreseeable future. Thus the going concern basis of accounting in preparing the annual financial statements has been adopted.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

GLOBAL LIGHTING SOLUTIONS LIMITED (REGISTERED NUMBER: 05641912)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 584,733 460,100 9,354 1,054,187
Additions 103,844 55,429 - 159,273
Disposals (57,050 ) - - (57,050 )
At 31 January 2024 631,527 515,529 9,354 1,156,410
DEPRECIATION
At 1 February 2023 407,584 254,226 8,762 670,572
Charge for year 57,570 82,439 137 140,146
Eliminated on disposal (24,048 ) - - (24,048 )
At 31 January 2024 441,106 336,665 8,899 786,670
NET BOOK VALUE
At 31 January 2024 190,421 178,864 455 369,740
At 31 January 2023 177,149 205,874 592 383,615

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade debtors 70,444 79,421
Other debtors 5,956 41,253
VAT 5,590 3,725
Prepayments 18,044 14,700
100,034 139,099

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Hire purchase contracts 8,333 50,001
Trade creditors 12,424 13,750
Tax 44,459 11,497
Directors' current accounts 38,047 44,533
Accrued expenses 3,000 3,000
106,263 122,781

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/1/24 31/1/23
£    £   
Hire purchase contracts - 8,333