Company Registration No. 09428663 (England and Wales)
Lumoptica Limited
Unaudited accounts
for the period from 1 March 2023 to 28 February 2024
Lumoptica Limited
Unaudited accounts
Contents
Lumoptica Limited
Company Information
for the period from 1 March 2023 to 28 February 2024
Directors
Craig Daniel Stacey
Stephen Christopher Kitson
Company Number
09428663 (England and Wales)
Registered Office
Elm House, 10 Fountain Court
New Leaze
Bradley Stoke
Bristol
BS32 4LA
United Kingdom
Accountants
Evans Entwistle
10 Fountain Court, Elm House
New Leaze
Bradley Stoke
Bristol
BS32 4LA
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Lumoptica Limited
for the period from 1 March 2023 to 28 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Lumoptica Limited for the period from 1 March 2023 to 28 February 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle
Member in Practice
10 Fountain Court, Elm House
New Leaze
Bradley Stoke
Bristol
BS32 4LA
19 September 2024
Lumoptica Limited
Statement of financial position
as at 28 February 2024
Tangible assets
10,014
13,278
Cash at bank and in hand
334,036
290,119
Creditors: amounts falling due within one year
(117,229)
(99,139)
Net current assets
427,706
266,203
Total assets less current liabilities
437,720
279,481
Creditors: amounts falling due after more than one year
(10,028)
(18,000)
Provisions for liabilities
Net assets
425,789
261,481
Called up share capital
10
10
Capital redemption reserve
20
20
Profit and loss account
425,759
261,451
Shareholders' funds
425,789
261,481
For the period ending 28 February 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 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 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 of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by
Craig Daniel Stacey
Director
Company Registration No. 09428663
Lumoptica Limited
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
Lumoptica Limited is a private company, limited by shares, registered in England and Wales, registration number 09428663. The registered office is Elm House, 10 Fountain Court, New Leaze, Bradley Stoke, Bristol, BS32 4LA, United Kingdom.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
4 years straight line
Computer equipment
4 years straight line
Expenditure on research and development is written off in the year in which it is incurred.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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.
Lumoptica Limited
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2023
30,005
30,295
60,300
At 28 February 2024
30,254
34,434
64,688
At 1 March 2023
19,732
27,290
47,022
Charge for the period
5,666
1,986
7,652
At 28 February 2024
25,398
29,276
54,674
At 28 February 2024
4,856
5,158
10,014
At 28 February 2023
10,273
3,005
13,278
Amounts falling due within one year
Trade debtors
143,088
66,968
Accrued income and prepayments
60,040
8,255
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,113
10,328
Trade creditors
1,286
6,100
Taxes and social security
8,280
42,833
Proposed dividends
26,750
-
7
Creditors: amounts falling due after more than one year
2024
2023
Lumoptica Limited
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
8
Deferred taxation
2024
2023
Accelerated capital allowances
1,903
-
Charged to the profit and loss account
1,903
-
Provision at end of period
1,903
-
Allotted, called up and fully paid:
1,000 A Ordinary shares of £0.01 each
10
10
10
Average number of employees
During the period the average number of employees was 8 (2023: 7).