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REGISTERED NUMBER: SC459485 (Scotland)













Unaudited Financial Statements

for the Period

1 October 2023 to 30 April 2024

for

Lightbox Reward Limited

Lightbox Reward Limited (Registered number: SC459485)






Contents of the Financial Statements
for the Period 1 October 2023 to 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Lightbox Reward Limited

Company Information
for the Period 1 October 2023 to 30 April 2024







DIRECTORS: C A Bell
M L Steel
G A Brown
G McInally





REGISTERED OFFICE: 112 Commercial Street
Edinburgh
EH6 6NF





REGISTERED NUMBER: SC459485 (Scotland)





ACCOUNTANTS: A H & Co Ltd
Chartered Accountants
6 Logie Mill
Edinburgh
Lothian
EH7 4HG

Lightbox Reward Limited (Registered number: SC459485)

Balance Sheet
30 April 2024

30.4.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 - -
Tangible assets 4 1,468 848
1,468 848

CURRENT ASSETS
Debtors 5 4,874 5,775
Cash at bank 9,857 25,036
14,731 30,811
CREDITORS
Amounts falling due within one year 6 236,707 230,985
NET CURRENT LIABILITIES (221,976 ) (200,174 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(220,508

)

(199,326

)

CREDITORS
Amounts falling due after more than one year 7 (75,000 ) (75,000 )

PROVISIONS FOR LIABILITIES 8 (279 ) -
NET LIABILITIES (295,787 ) (274,326 )

CAPITAL AND RESERVES
Called up share capital 9 105 105
Share premium 10 14,997 14,997
Retained earnings 10 (310,889 ) (289,428 )
SHAREHOLDERS' FUNDS (295,787 ) (274,326 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:




C A Bell - Director


Lightbox Reward Limited (Registered number: SC459485)

Notes to the Financial Statements
for the Period 1 October 2023 to 30 April 2024

1. 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 stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the balance sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the balance sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

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.

Development costs are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Fixtures and fittings-20% on cost
Computer equipment-33% on cost

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 period 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.

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.

Lightbox Reward Limited (Registered number: SC459485)

Notes to the Financial Statements - continued
for the Period 1 October 2023 to 30 April 2024

1. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation.

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

3. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 October 2023
and 30 April 2024 10,340
AMORTISATION
At 1 October 2023
and 30 April 2024 10,340
NET BOOK VALUE
At 30 April 2024 -
At 30 September 2023 -

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2023 4,642 6,226 10,868
Additions - 1,057 1,057
Disposals - (4,196 ) (4,196 )
At 30 April 2024 4,642 3,087 7,729
DEPRECIATION
At 1 October 2023 3,992 6,028 10,020
Charge for period 220 217 437
Eliminated on disposal - (4,196 ) (4,196 )
At 30 April 2024 4,212 2,049 6,261
NET BOOK VALUE
At 30 April 2024 430 1,038 1,468
At 30 September 2023 650 198 848

Lightbox Reward Limited (Registered number: SC459485)

Notes to the Financial Statements - continued
for the Period 1 October 2023 to 30 April 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.9.23
£    £   
Trade debtors 1,112 1,179
Other debtors 3,762 4,596
4,874 5,775

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.9.23
£    £   
Trade creditors 10,916 8,523
Taxation and social security 3,691 3,747
Other creditors 222,100 218,715
236,707 230,985

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.9.23
£    £   
Other creditors 75,000 75,000

8. PROVISIONS FOR LIABILITIES
30.4.24 30.9.23
£    £   
Deferred tax 279 -

Deferred
tax
£   
Provided during period 279
Balance at 30 April 2024 279

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.9.23
value: £    £   
105 Ordinary £1 105 105

10. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 October 2023 (289,428 ) 14,997 (274,431 )
Deficit for the period (21,461 ) (21,461 )
At 30 April 2024 (310,889 ) 14,997 (295,892 )

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company owed a director £24,528 at 30 April 2024 (2023: £23,940).

Lightbox Reward Limited (Registered number: SC459485)

Notes to the Financial Statements - continued
for the Period 1 October 2023 to 30 April 2024

12. RELATED PARTY DISCLOSURES




Related Party



Transaction

Amount in the
period ended
30.4.24

Amount in the
year ended
30.9.23
Balance
receivable
from/(payable
to) as at 30.4.24
Balance
receivable
from/(payable
to) as at 30.9.23
£ £ £ £

Mearns & Company Limited Loan - - (176,835) (176,835)
Purchases (384) (300) - -
Recharge (551) (945) - -

Directors pension company Rent (8,750) (15,000) (9,000) (9,000)
Service Charge (251) (303) (251) (180)


Director
Reimbursed
Expenses
(103) - (103) -

The directors of Lightbox Reward Limited are also directors of Mearns & Company Limited.

13. POST BALANCE SHEET EVENTS

After 30 April 2024 but prior to the date of signing, the control of the company was acquired by Sixty Seven Group Limited.

14. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.