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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
Page
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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
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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
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Lumoptica Limited Statement of financial position as at 28 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,014 
13,278 
Current assets
Debtors
210,899 
75,223 
Cash at bank and in hand
334,036 
290,119 
544,935 
365,342 
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
Deferred tax
(1,903)
- 
Net assets
425,789 
261,481 
Capital and reserves
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
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Lumoptica Limited Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
1
Statutory information
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.
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 period, 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.
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
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign exchange
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
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.
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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 
Additions
249 
4,139 
4,388 
At 28 February 2024
30,254 
34,434 
64,688 
Depreciation
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 
Net book value
At 28 February 2024
4,856 
5,158 
10,014 
At 28 February 2023
10,273 
3,005 
13,278 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
143,088 
66,968 
Accrued income and prepayments
60,040 
8,255 
Other debtors
7,771 
- 
210,899 
75,223 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,113 
10,328 
VAT
60,490 
39,064 
Trade creditors
1,286 
6,100 
Taxes and social security
8,280 
42,833 
Proposed dividends
26,750 
- 
Other creditors
1,440 
814 
Accruals
8,870 
- 
117,229 
99,139 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
10,000 
18,000 
Loans from directors
28 
- 
10,028 
18,000 
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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 
- 
2024 
2023 
£ 
£ 
Charged to the profit and loss account
1,903 
- 
Provision at end of period
1,903 
- 
9
Share capital
2024 
2023 
£ 
£ 
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).
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