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Registered number: 03891726

Displaylite Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023

Prepared By:
David Jeffreys Limited
Chartered Accountant
First Floor
4 Princes Street
Huntingdon
Cambs
PE29 3PA

Displaylite Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
DIRECTORS
S F Legg
S J Perry
SECRETARY
S F Legg
REGISTERED OFFICE
Huntingdon Business Centre
Blackstone Road
Huntingdon
Cambridgeshire
PE29 6EF
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 03891726
ACCOUNTANTS
David Jeffreys Limited
Chartered Accountant
First Floor
4 Princes Street
Huntingdon
Cambs
PE29 3PA

Displaylite Limited

ACCOUNTS
FOR THEYEARENDED31/12/2023
CONTENTS
Page
Balance Sheet3
Notes To The Accounts4

Displaylite Limited

BALANCE SHEET AT 31/12/2023
20232022
Notes££
FIXED ASSETS
Tangible assets37,7958,812
CURRENT ASSETS
Stock1,5269,129
Debtors573,76134,741
Cash at bank and in hand24,3039,344
99,59053,214
CREDITORS: Amounts falling due within one year6105,29656,836
NET CURRENT LIABILITIES(5,706)(3,622)
TOTAL ASSETS LESS CURRENT LIABILITIES2,0895,190
PROVISIONS FOR LIABILITIES AND CHARGES71,4531,848
NET ASSETS6363,342
CAPITAL AND RESERVES
Called up share capital82,0002,000
Profit and loss account(1,364)1,342
SHAREHOLDERS' FUNDS6363,342
For the year ending 31/12/2023 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 29/02/2024 and signed on their behalf by
.............................
S J Perry
Director
.............................
S F Legg
Director

Displaylite Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Fixtures and Fittingsreducing balance 25%
Equipmentreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Foreign Currency
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.

Displaylite Limited

2. EMPLOYEES
20232022
No.No.
Average number of employees33
3. TANGIBLE FIXED ASSETS
Plant and
Machinery Etc.Total
££
Cost
At 01/01/202385,33085,330
Additions1,6931,693
At 31/12/202387,02387,023
Depreciation
At 01/01/202376,51876,518
For the year2,7102,710
At 31/12/202379,22879,228
Net Book Amounts
At 31/12/20237,7957,795
At 31/12/20228,8128,812
4. STOCK 20232022
££
Stock comprises:
Stock1,5269,129
1,5269,129
5. DEBTORS 20232022
££
Amounts falling due within one year:
Trade debtors61,77130,114
Other debtors11,9904,627
73,76134,741

Displaylite Limited

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
Bank loans and overdrafts24,16734,167
Trade creditors75,04812,536
Taxation and social security3,6137,665
Other creditors2,4682,468
105,29656,836
7. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation1,4531,848
1,4531,848
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
2,000 Ordinary shares of £1 each2,0002,000
2,0002,000