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Company Registration No. 05815697 (England and Wales)
LIGHTHOUSE ELECTRICAL SERVICES DIRECT LIMITED Unaudited accounts for the year ended 30 June 2024
LIGHTHOUSE ELECTRICAL SERVICES DIRECT LIMITED Unaudited accounts Contents
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LIGHTHOUSE ELECTRICAL SERVICES DIRECT LIMITED Company Information for the year ended 30 June 2024
Director
Martin Stuart Craig
Company Number
05815697 (England and Wales)
Registered Office
42 WEST STREET GORSEINON SWANSEA SA4 4AA WALES
Accountants
Saccounts Limited 190 Cathedral Road Cardiff CF11 9JE
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LIGHTHOUSE ELECTRICAL SERVICES DIRECT LIMITED Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
53,879 
34,587 
Current assets
Inventories
59,200 
83,659 
Debtors
79,336 
94,250 
Cash at bank and in hand
21,058 
116,365 
159,594 
294,274 
Creditors: amounts falling due within one year
(74,394)
(190,671)
Net current assets
85,200 
103,603 
Total assets less current liabilities
139,079 
138,190 
Provisions for liabilities
Other provisions
(12,628)
(6,917)
Net assets
126,451 
131,273 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
125,451 
130,273 
Shareholders' funds
126,451 
131,273 
For the year ending 30 June 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 18 September 2024 and were signed on its behalf by
Martin Stuart Craig Director Company Registration No. 05815697
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LIGHTHOUSE ELECTRICAL SERVICES DIRECT LIMITED Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
LIGHTHOUSE ELECTRICAL SERVICES DIRECT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05815697. The registered office is 42 WEST STREET, GORSEINON, SWANSEA, SA4 4AA, WALES.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivablefor goods supplied and services rendered. Revenue from the sale of goods is recognised when they have been delivered to customers such that risks and rewards of ownership have transferred to them.
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:
Motor vehicles
25% straight line
Fixtures & fittings
15% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
Contributions to defined contribution plans are payable and are recognised in the profit and loss account when due.
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LIGHTHOUSE ELECTRICAL SERVICES DIRECT LIMITED Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 July 2023
2,000 
16,420 
73,274 
17,767 
109,461 
Additions
- 
- 
30,724 
- 
30,724 
Disposals
(2,000)
- 
(17,419)
- 
(19,419)
At 30 June 2024
- 
16,420 
86,579 
17,767 
120,766 
Depreciation
At 1 July 2023
- 
27 
57,920 
16,927 
74,874 
Charge for the year
- 
4,105 
5,117 
210 
9,432 
On disposals
- 
- 
(17,419)
- 
(17,419)
At 30 June 2024
- 
4,132 
45,618 
17,137 
66,887 
Net book value
At 30 June 2024
- 
12,288 
40,961 
630 
53,879 
At 30 June 2023
2,000 
16,393 
15,354 
840 
34,587 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
79,336 
94,250 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
3,968 
12,531 
Trade creditors
33,937 
83,540 
Taxes and social security
3,494 
21,764 
Other creditors
22,145 
41,185 
Loans from directors
10,000 
30,951 
Accruals
850 
700 
74,394 
190,671 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
8
Loans to directors
During the year, the director used the company current account to record the amounts due to him and drawn by him. At the end of the year, that balance owed to the director was £10,000 (2023: £30,951). During the year, the company paid the director dividends totalling £10,000 (2023: £20,000).
9
Controlling party
The company is under control of the director who owns 50% of the issued share capital.
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LIGHTHOUSE ELECTRICAL SERVICES DIRECT LIMITED Notes to the Accounts for the year ended 30 June 2024
10
Average number of employees
During the year the average number of employees was 7 (2023: 7).
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