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Registered number: 04202245
Lamps & Tubes Illuminations Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
SRL ACCOUNTING LIMITED
Unit 7a Waterside Business Park Waterside
Chesham
HP5 1PE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04202245
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 20,412 29,508
Investments 6 25,000 25,000
45,412 54,508
CURRENT ASSETS
Stocks 7 33,979 36,265
Debtors 8 124,606 212,316
Cash at bank and in hand 517,901 493,563
676,486 742,144
Creditors: Amounts Falling Due Within One Year 9 (189,973 ) (232,273 )
NET CURRENT ASSETS (LIABILITIES) 486,513 509,871
TOTAL ASSETS LESS CURRENT LIABILITIES 531,925 564,379
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (3,879 ) (9,905 )
NET ASSETS 528,046 554,474
CAPITAL AND RESERVES
Called up share capital 11 1,100 1,100
Profit and Loss Account 526,946 553,374
SHAREHOLDERS' FUNDS 528,046 554,474
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr MATTHEW TAYLOR
Director
31 May 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lamps & Tubes Illuminations Limited Registered number 04202245 is a limited by shares company incorporated in England & Wales. The Registered Office is Unit 7a Waterside Business Park Waterside, Chesham, HP5 1PE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% straight line and 3 years straight line
Motor Vehicles 25% straight line
Fixtures & Fittings 25% straight line
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 10)
10 10
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2023 28,638
As at 31 January 2024 28,638
Amortisation
As at 1 February 2023 28,638
As at 31 January 2024 28,638
Net Book Value
As at 31 January 2024 -
As at 1 February 2023 -
Page 3
Page 4
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 February 2023 262,688 - 262,688
Additions 11,852 - 11,852
Disposals (40,130 ) - (40,130 )
As at 31 January 2024 234,410 - 234,410
Depreciation
As at 1 February 2023 233,180 - 233,180
Provided during the period 19,913 1,035 20,948
Disposals (40,130 ) - (40,130 )
As at 31 January 2024 212,963 1,035 213,998
Net Book Value
As at 31 January 2024 21,447 (1,035 ) 20,412
As at 1 February 2023 29,508 - 29,508
6. Investments
Unlisted
£
Cost
As at 1 February 2023 25,000
As at 31 January 2024 25,000
Provision
As at 1 February 2023 -
As at 31 January 2024 -
Net Book Value
As at 31 January 2024 25,000
As at 1 February 2023 25,000
Fixed asset Investments.
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies.
Interior Management Services Limited total number of shares held 100 of 100.
7. Stocks
2024 2023
£ £
Materials 33,979 36,265
Page 4
Page 5
8. Debtors
2024 2023
£ £
Due within one year
Trade debtors 82,983 165,297
Prepayments and accrued income 8,270 9,919
Other debtors 33,353 8,100
Employee loan - 10,000
Director's loan account - 19,000
124,606 212,316
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 44,718 160,957
Corporation tax 36,570 31,706
VAT 87,437 22,461
Other creditors 4,557 5,154
Accruals and deferred income 13,194 11,995
Director's loan account 3,497 -
189,973 232,273
10. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 3,879 9,905
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,100 1,100
12. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 143,805 210,615
Page 5