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COMPANY REGISTRATION NUMBER: 12142406
Lightforce One Limited
Filleted Unaudited Financial Statements
31 December 2023
Lightforce One Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
£
Fixed assets
Investments
5
220,373
221,865
Current assets
Cash at bank and in hand
34
47
Creditors: amounts falling due within one year
6
14,184
13,171
--------
--------
Net current liabilities
14,150
13,124
---------
---------
Total assets less current liabilities
206,223
208,741
Creditors: amounts falling due after more than one year
7
215,790
215,790
---------
---------
Net liabilities
( 9,567)
( 7,049)
---------
---------
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
( 9,667)
( 7,149)
-------
-------
Shareholders deficit
( 9,567)
( 7,049)
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Lightforce One Limited
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 23 September 2024 , and are signed on behalf of the board by:
Mr M A Wickham
Director
Company registration number: 12142406
Lightforce One Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Investments
Other investments other than loans
£
Cost
At 1 January 2023
221,865
Disposals
( 1,492)
---------
At 31 December 2023
220,373
---------
Impairment
At 1 January 2023 and 31 December 2023
---------
Carrying amount
At 31 December 2023
220,373
---------
At 31 December 2022
221,865
---------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Accruals and deferred income
857
816
Director loan accounts
13,327
12,355
--------
--------
14,184
13,171
--------
--------
7. Creditors: amounts falling due after more than one year
2023
2022
£
£
Director loan accounts
215,790
215,790
---------
---------
8. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary A shares of £ 1 each
26
26
26
26
Ordinary B shares of £ 1 each
26
26
26
26
Ordinary C shares of £ 1 each
48
48
48
48
----
----
----
----
100
100
100
100
----
----
----
----
9. Related party transactions
At the balance sheet date, the company owed its directors, M & J Wickham £229,117 (2022: £228,145) which is split long term and short term under creditors within one year and over one year.