IRIS Accounts Production v24.2.0.383 04373636 director 1.1.23 31.12.23 31.12.23 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure043736362022-12-31043736362023-12-31043736362023-01-012023-12-31043736362021-12-31043736362022-01-012022-12-31043736362022-12-3104373636ns16:EnglandWales2023-01-012023-12-3104373636ns15:PoundSterling2023-01-012023-12-3104373636ns11:Director12023-01-012023-12-3104373636ns11:PrivateLimitedCompanyLtd2023-01-012023-12-3104373636ns11:SmallEntities2023-01-012023-12-3104373636ns11:AuditExempt-NoAccountantsReport2023-01-012023-12-3104373636ns11:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3104373636ns11:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104373636ns11:FullAccounts2023-01-012023-12-310437363612023-01-012023-12-3104373636ns11:OrdinaryShareClass12023-01-012023-12-3104373636ns11:RegisteredOffice2023-01-012023-12-3104373636ns6:CurrentFinancialInstruments2023-12-3104373636ns6:CurrentFinancialInstruments2022-12-3104373636ns6:Non-currentFinancialInstruments2023-12-3104373636ns6:Non-currentFinancialInstruments2022-12-3104373636ns6:ShareCapital2023-12-3104373636ns6:ShareCapital2022-12-3104373636ns6:RetainedEarningsAccumulatedLosses2023-12-3104373636ns6:RetainedEarningsAccumulatedLosses2022-12-3104373636ns6:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3104373636ns6:PlantMachinery2023-01-012023-12-3104373636ns6:NetGoodwill2022-12-3104373636ns6:NetGoodwill2023-12-3104373636ns6:NetGoodwill2022-12-3104373636ns6:PlantMachinery2022-12-3104373636ns6:PlantMachinery2023-12-3104373636ns6:PlantMachinery2022-12-3104373636ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2022-12-3104373636ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2023-01-012023-12-3104373636ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2023-12-3104373636ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2022-12-3104373636ns6:WithinOneYearns6:CurrentFinancialInstruments2023-12-3104373636ns6:WithinOneYearns6:CurrentFinancialInstruments2022-12-3104373636ns11:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 04373636 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

COCO LIGHTING LIMITED

COCO LIGHTING LIMITED (REGISTERED NUMBER: 04373636)

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


COCO LIGHTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: K J Cooper





REGISTERED OFFICE: c/o CBHC Ltd
Steeple House, Suite 3, 1st Floor
Church Lane
Chelmsford
Essex
CM1 1NH





REGISTERED NUMBER: 04373636 (England and Wales)





ACCOUNTANTS: CBHC Limited
Suite 3, Steeple House
Church Lane
Chelmsford
Essex
CM1 1NH

COCO LIGHTING LIMITED (REGISTERED NUMBER: 04373636)

BALANCE SHEET
31 DECEMBER 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 83,450 142,424
83,450 142,424

CURRENT ASSETS
Stocks 183,771 147,743
Debtors 6 836,000 1,127,472
Cash at bank and in hand 171 16,008
1,019,942 1,291,223
CREDITORS
Amounts falling due within one year 7 813,930 671,851
NET CURRENT ASSETS 206,012 619,372
TOTAL ASSETS LESS CURRENT
LIABILITIES

289,462

761,796

CREDITORS
Amounts falling due after more than one year 8 (129,031 ) (140,384 )

PROVISIONS FOR LIABILITIES (14,365 ) (25,474 )
NET ASSETS 146,066 595,938

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 145,066 594,938
SHAREHOLDERS' FUNDS 146,066 595,938

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 director acknowledges his 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.

COCO LIGHTING LIMITED (REGISTERED NUMBER: 04373636)

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 director and authorised for issue on 19 September 2024 and were signed by:





K J Cooper - Director


COCO LIGHTING LIMITED (REGISTERED NUMBER: 04373636)

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


1. STATUTORY INFORMATION

Coco Lighting 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


COCO LIGHTING LIMITED (REGISTERED NUMBER: 04373636)

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


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 25 (2022 - 25 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 25,000
AMORTISATION
At 1 January 2023
and 31 December 2023 25,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

COCO LIGHTING LIMITED (REGISTERED NUMBER: 04373636)

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


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 657,521
Additions 28,382
Disposals (15,100 )
At 31 December 2023 670,803
DEPRECIATION
At 1 January 2023 515,097
Charge for year 87,356
Eliminated on disposal (15,100 )
At 31 December 2023 587,353
NET BOOK VALUE
At 31 December 2023 83,450
At 31 December 2022 142,424

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 159,408
DEPRECIATION
At 1 January 2023 56,285
Charge for year 34,374
At 31 December 2023 90,659
NET BOOK VALUE
At 31 December 2023 68,749
At 31 December 2022 103,123

COCO LIGHTING LIMITED (REGISTERED NUMBER: 04373636)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 203,195 399,941
Amounts owed by group undertakings 611,790 702,955
Other debtors 21,015 24,576
836,000 1,127,472

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans and overdrafts 168,923 6,210
Finance leases 22,773 9,313
Trade creditors 327,353 256,754
Taxation and social security 82,366 78,092
Other creditors 212,515 321,482
813,930 671,851

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/23 31/12/22
£    £   
Bank loans 31,967 36,648
Finance leases 97,064 103,736
129,031 140,384

9. SECURED DEBTS

The following secured debts are included within creditors:

31/12/23 31/12/22
£    £   
Invoice Discount Facility 156,404 279,346

The invoice discount facility is secured against the trade debtor balances.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/23 31/12/22
value: £    £   
1,000 Ordinary 1 1,000 1,000

COCO LIGHTING LIMITED (REGISTERED NUMBER: 04373636)

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


11. RELATED PARTY DISCLOSURES

During the year the company was charged £5,000 (2022 - £26,000) in management fees by Coco Lighting Group Limited, a company within the group.The company also voted dividends to Coco Lighting Group Limited of £100,000 (2022 - £100,000) during the year.The company was also charged £178,000 (2022 - £175,750) in rent fees by Coco Lighting Limited, a company also within the group.

At the balance sheet date the company was owed £184,125 by Properties 48 Limited (2022 - £306,790) a company within the group.

At the balance sheet date the company was owed £427,670 (2022 - £396,165) by Coco Lighting Group Limited, a company within the group.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the Company during the year was Mr K Cooper, the Director of the Parent Company Coco Lighting Group.