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REGISTERED NUMBER: 07250220 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

LIGHTER BUSINESS SOLUTIONS LIMITED

LIGHTER BUSINESS SOLUTIONS LIMITED (REGISTERED NUMBER: 07250220)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LIGHTER BUSINESS SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mrs L Lambert
R L N Chapman





REGISTERED OFFICE: St Magnus House
Lower Thames Street
London
EC3R 6HD





REGISTERED NUMBER: 07250220 (England and Wales)





ACCOUNTANTS: Platt Rushton LLP
Chartered Accountants
Sutherland House
1759 London Road
Leigh on Sea
Essex
SS9 2RZ

LIGHTER BUSINESS SOLUTIONS LIMITED (REGISTERED NUMBER: 07250220)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,869 6,677

CURRENT ASSETS
Debtors 5 159,278 122,236
Cash at bank 286,631 174,404
445,909 296,640
CREDITORS
Amounts falling due within one year 6 226,954 156,995
NET CURRENT ASSETS 218,955 139,645
TOTAL ASSETS LESS CURRENT
LIABILITIES

226,824

146,322

CREDITORS
Amounts falling due after more than one year 7 31,879 39,140
NET ASSETS 194,945 107,182

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 194,445 106,682
194,945 107,182

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

LIGHTER BUSINESS SOLUTIONS LIMITED (REGISTERED NUMBER: 07250220)

BALANCE SHEET - continued
31 DECEMBER 2023


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 16 September 2024 and were signed on its behalf by:





R L N Chapman - Director


LIGHTER BUSINESS SOLUTIONS LIMITED (REGISTERED NUMBER: 07250220)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Lighter Business 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance and Straight line over 3 years

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 8 ) .

LIGHTER BUSINESS SOLUTIONS LIMITED (REGISTERED NUMBER: 07250220)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 26,078
Additions 4,905
At 31 December 2023 30,983
DEPRECIATION
At 1 January 2023 19,401
Charge for year 3,713
At 31 December 2023 23,114
NET BOOK VALUE
At 31 December 2023 7,869
At 31 December 2022 6,677

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 144,036 105,997
Other debtors 15,242 16,239
159,278 122,236

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,261 27,780
Trade creditors 27,446 22,574
Taxation and social security 160,597 90,117
Other creditors 31,650 16,524
226,954 156,995

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 31,879 39,140

LIGHTER BUSINESS SOLUTIONS LIMITED (REGISTERED NUMBER: 07250220)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 9,133 15,034

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors have provided a personal guarantee in respect of the loans from Funding Circle. At the year end, the balance outstanding on these loans was £1,920 (2022 - £24,492).